CATEGORY TYPE: Business & Management

COURSE NAME:Cost Analysis to Support Strategic Decisions


This course can be scheduled at your convenience, to request this course please click here

Cost control is one of the most widely used tool for planning and monitoring organizational activities, as well as to support future strategic decision. Importantly, cost analysis is inextricably linked with strategy formulation, the budgetary process and performance management. It is crucial to interpret how costs behave so that realistic budgets and plans can be produced, and appropriate financial and non-financial resources can be made available to the business. This programme will allow you to explore the traditional tools of cost analysis and control as well as new advanced approaches, which reflect and respond to the current complex business environment. In particular, you will learn:

the cause-and-effect relationship among business strategy, operational objectives, measures and targets, and systems of performance measurement and reporting

traditional techniques of cost analysis and control

advanced costing and management techniques (ABC, ABB, ABM, target costing)overhead cost allocation & reduction

the balanced scorecard construction and implementation


Enhance cost awareness and its relationship with strategy

Describe specific cost analysis and performance measurement techniques

Select the costing measurement system that works

Select the systems of performance measurement that works

Discuss real case studies

From cost to strategy to performance measurement

Broadening the management accounting knowledge

Deliver more timely and useful information to decision makers

Identify & manage key financial and non-financial indicators for the business


Day 1 :

    - Introducing the linkages between strategy and costing
    Managing contemporary organisation
    Strategic Plan, Budgeting, Costing and Management Control
    Management Accounting for organizational control systems
    Responsibility accounting and the process-view
    The context for costing
    The Budget and its role for achieving organizational targets
    What is it the situation in your organisation?

Day 2 :

    Cost analysis and classifications
    Cost terms and classification
    Inventoriable vs. period costs
    Manufacturing vs non-manufacturing costs
    Variable vs. Fixed costs (CVP analysis)
    Direct vs. indirect cost
    Under-costing and Over-costing problems
    Problems and Examples - Case study illustration

Day 3 :

    - From cost accounting to management control
    Cost allocation: traditional costing and activity-based costing (ABC)
    From traditional budgeting to Activity-based budgeting (ABB)
    Activity-based management
    Decentralized organizations
    Cost/Profit/Investment centers
    Transfer-pricing issues
    Problems and Examples - Case study illustration

Day 4 :

    Flexible budgets and variance analysis
    The features of budgetary control
    Define the master budget and explain its major benefits to an organization
    Describe the difference between a static budget and a flexible budget
    Compute flexible-budget variances and sales-volume variances
    Explain why standard costs are often used in variance analysis
    Integrate continuous improvement into variance analysis
    Case study, problems and exercises

Day 5 :

      Linking strategy to actions: Beyond costing
      Shortcomings of traditional approaches to measurement
      The Balanced Scorecard: linking Strategy to Performance Measurement
      Financial perspective, Customer perspectiveInternal Business Process perspective, Learning and growth perspective
      Developing and adapting scorecardCase study illustration

All business disciplines and sectors of industry, irrespective of functional responsibilities, where personnel have to plan and cost and who are responsible for strategic analysis

Other professionals who would benefit from having the opportunity to consider new ideas and methods and personnel on a fast-track development

    • 5 Day(s)

    The presentation is generally appealing to me. The dedication & devotion of the instructor are both laudable & admirable.
    Mohammed F. Alotaibi

    Really this course is important for any inspector, so I will recommended it for our employees. And thanks a lot!
    Ahmed Al-Yami

    You are doing excellent bringing such very talented instructor. Please keep it up.
    Ahmed Afifi
    Al-Zamil CoolCare

    I would like to appreciate you as well as the instructor for a good training due to the fact that the helping to gain new information about the types of valve with advantages and disadvantage as well. Many thinking.
    Zaki Ali Aldawood

    This course was very beneficial and helpful to understand one of the Major NDT method. I encourage ITC to continue with this performance.
    Talal Saad AlHasawi

    ITC service was in overall excellent. Thanks.
    Wael M. Morsy

    This course was good and a nice guide to the PMP exam. Thanks.
    Yazeed Mohamed Mreki
    General Authority of Civil Aviation (GACA)

    It was good course & good preparation with excellent instructor. Thanks a lot.
    Faisal Mahdi Al-Qahtani

    It was a nice course to have. I suggest taking this course with the same instructor to other people. Thanks for the instructor for his kindness & helfull during the course.
    Abdul-Moniem Al-Humoud

    It is very important course, which enable us to improve our knowledge to work approaching our big account and can be recall us the key account. This is will support us to active result for the best of the Co.
    Mohammed Amjad
    Al-Suwadi Services

    The instructor is highly and technical knowledgeable in explaining all the subject in the course taken.
    Noel V. Garan
    Coldstorec Group Of Saudi Arabia

    Instructor was well prepared and knowledgeable I gain lot of useful information.
    Gulam Khan
    Saudi Aramco

    It was a good learning experience. Got to know the concept involved in key account.
    Muthuraman Nachiappan
    Al-Suwadi Services

    The instructor Mr. Ahmed Sabry has a very nice spirit.
    Salam Fakhoury
    Al Khodari Company

    It is very useful to us and increase our knowledge.
    Mohammed Rashed Afifi
    Al Khodari Company

    The course is excellent and helpful. It help me in organizing the work in more safe manner.
    Muzammil Hayat
    Al Khodari Company

    The instructor is very knowledge and hard working, his way of teaching is very good.
    Ibrahim Darwish
    Al Khodari Company