Costs and Budget Course

Capacitación: Alta Dirección   Duracion: 32 Hrs.

THIS COURSE IS MEANT FOR

Senior management, comptrollers, budgets, and costs managers.

DEVELOPING COMPETENCIES

Numerical analysis, results orientation, planning and organization.

OBJECTIVE

Providing the participants the necessary knowledge and tools for an efficient decision making in costs and inventory management, and a complete mastering of different costs and budget systems.

TOPICS

 I. DIFFERENT COSTS FOR DIFFERENT PURPOSES
OBJECTIVE: Acquiring knowledge and developing skills for costs management as a solid fundament in decision taking.

COSTS CLASSIFICATION AND USAGE

A. Production Costs

B. Costs according Activity Volume

C. Costs according Sacrifice Nature

D. Costs related to Activity Increase

E. Costs related to Immediate Cash Flow

F. Costs related to Decision Affect

G. Costs according to Anticipation Degree in their Determination

H. Costs according to Control Degree

I. Costs related with the Costing Goal

J. Costs according to Valuation Moment

MAIN ISSUES IN PRODUCTION COSTS MANAGEMENT

A. Materials

B. Workforce

C. Manufactory Expenses

II. INVENTORY AND TAX IMPACT ON IT  

OBJECTIVE: Recognizing economic, financial, and tax importance in inventories

A. Determining Acquisition Cost

B. Defining Acquisition Cost

C. Establishing Control Costs

D. Determining Unities Existence

E. Inventory Valuing

III. COSTS IN TRADITIONAL MANUFACTORY ENVIRONMENT

OBJECTIVE: Acquiring a wide cost systems mastering, in both by orders and processes with the purpose of valuating inventory and determining profitability.

A. Costing Systems Goals

B. Orders Costs

C. Process Costs

IV. STANDARD COSTS

OBJECTIVE: Acquiring Knowledge and developing skills about standard costs management as a tool to valuating inventories, determining utilities, planning and controlling.

A. Explaining the importance of standard costs as a management control tool

B. Defining standard, estimate, and budget costs

C. Calculating and analyzing price and quantity variation in materials and workforce

D. Calculating and analyzing expenses variation of fixed and variable manufactory

E. Locating possible causes for costs variation

F. Identifying reasons for costs variation

V. COSTS BY ACTIVITIES 

OBJECTIVE: Knowing and mastering the costing system per activity, incorporating quality costs. Showing how this system, if properly applied, allows reaching leadership in costs and can becomes a trigger for the company’s improvement.

A. Objective

B. Costs Prorating

C. Background

D. Key Elements to reach Excellence

E. What is it?

F. Definition

G. Benefits

H. Limitations

I. Accounting per Activity

J. Creating Costs

K. How to diminish costs?

VI. BUDGETS: MANAGEMENT AND FUNDAMENTAL ELEMENTS

OBJECTIVE: Acquiring the necessary training in the budget system design, enrichment, and operation. Acquiring knowledge and developing skills in costs and risks management. Analyzing the way in which your budget system helps your business. Highlighting the human element fundamental role, and correct budget functioning.

A. Decisions for a Business Point of View

B. Decisions and Financial Information

C. What is a budget?

D. Budget and Communication

E. How does a budget help in a business management?

F. What Budget is not

G. Master Budget

H. Flexible Budget

I. Budget and Human Behavior

J. Example for budget cells and financial statements preparation for an industrial company

   

BENEFITS

Temarios Cursos- Español

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