Cost Analysis

Overview

This program is a very important, comprehensive, and essentially program designed to develop the skills of management accounting, costing, budgeting, and finance transformation. Also, using the best practices of Finance Business Partnering ( FBP ) to be an active learning approach and techniques by using the business best practice. This will help you to improve your organization's supply chain finance process, eliminate the business process waste, run your process faster, cheaper, and leaner. This will support your shoer & long term goals targeting your customer's satisfaction, as after learning these methods they will help to have the right business decision-making able you to build the right costing process to achieve your organizational objectives. Also, able to maximize your organization's resource utilization through the allocation of the right resources, and controlling.
During the workshop period, you will learn what is the accounting cycle, costing, cost analysis concepts, and how to build a budget and cost control process from scratch giving you the best practices guidance to have an integrated and dynamic business model improve the supply chain finance process, and supporting the decision-making. Also, we will highlight the concept of the peers and benchmarking analysis to understand the organization's current positions in the industry.
During the workshop period, you will learn time value of money, compounding returns, the weighted average cost of capital (WACC), and the rationale of investments fundamental, risk and return.
Using the best practice of costing, cost analysis, budgeting, Finance Business Partnering ( FBP ), and supply chain finance process will improve your ability to build, review, or analyses your business drivers at all levels. Give you the tools you need to have a robust and transparent process.

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Outcome

Introduction to management accounting

Introduction to cost, and cost analysis

Develop the skills of your team to be a Finance Business Partnering (FBP).

Develop the skills of your team to improve the supply chain finance process

Learn from professional and leading developments in transaction modeling

Details

Developed by: Beacon FinTrain
Total Hours: 18 Hrs
Language: English - Bilingual "English & Arabic"
Modalities: 
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Outline

  • The accounting system
  • The income statement
  • The balance sheet
  • The cash flow statement

  • Introduction to Accounting Principles
  • Basic Accounting Principles and Guidelines
  • Accounts integration.

  • Terms Similar to Financial Statement Analysis
  • Types of Financial Statement Analysis
  • Vertical & Horizontal analysis
  • Analyzing cash flow groups
  • Benchmarking & peers concepts
  • Common size analysis

  • Costing Introduction and Definition
  • Cost Classification.
  • Understanding cost behaviors
  • Direct and indirect costs.

  • Variable & Absorption Costing
  • Fixed and Variable Overhead Cost
  • Actual, Normal, and Standard Costing
  • Units in Process Costing
  • Manufacturing vs. non-manufacturing costs
  • Period Vs. Product costs: inventory evaluation and control.

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Who Should Attend

  • Professionals who need to build, modify, and understand budgeting, cost, and management accounting.
  • Professionals who need to build, modify, and understand Finance Business Partnering ( FBP )
  • Professionals who need to build, modify, and improve the supply chain finance process
  • Professionals with some costing experience who have the responsibility of developing or maintaining budgeting, cost, and management accounting.
  • Corporate finance and structured finance professionals who want to increase the depth and breadth of their knowledge
  • Cost Accountants, Management Accountants, Financial reporting accountants, Budgeting managers, Financial Managers who need to develop the skills to build or interpret integrated Excel-based models.

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

Guidance

Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

Integrity

We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.