BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:1708@x8ti.com DTSTART;TZID=Asia/Riyadh:20260817T090000 DTEND;TZID=Asia/Riyadh:20260821T130000 DTSTAMP:20260209T022707Z URL:https://x8ti.com/event/cost-management-training-course-2/ SUMMARY:Cost Management Training Course DESCRIPTION:Introduction \nCost Management involves applying management ac counting concepts and methods to collect\, analyze\, and present data need ed for planning\, monitoring\, and controlling costs. Achieving cost leade rship is crucial for gaining a competitive advantage\, which requires a ro bust cost management system.\nLearning Objectives\nThe Cost Management Cer tification Course aims to:\n\n Differentiate between traditional and mode rn cost management techniques.\n Understand various product pricing strat egies.\n Apply cost management techniques for strategic decision-making.\ n Utilize performance evaluation techniques by linking critical success f actors with key performance indicators.\n\nTraining Methodology\nThe cours e will include:\n\n Presentations by experienced subject matter experts\n Group discussions\n Problem-solving exercises\n Accounting statement p ractice\n Group activities\n Sharing experiences and best practices Xcel erate Training Institute follows the ‘Do–Review–Learn–Apply’ mod el.\n\nBenefits for Your Organization\nOrganizations will benefit from:\n\ n Increased profitability through cost reduction and strategic positionin g.\n Improved control over overall business costs.\n Creation of a cost management system to predict future expenses and revenues.\n Proper recor ding and presentation of cost data for efficiency measurement and cost con trol.\n\nBenefits for You\nParticipants will gain:\n\n Leadership in cost management.\n Insights into reducing costs and establishing cost control s.\n Enhanced performance in estimation\, budgeting\, and cost control.\n Ability to manage costs professionally and competently.\n\nTarget Audien ce\nThis course is ideal for:\n\n Financial controllers and finance manag ers\n Financial systems analysts and senior accountants\n Financial acco untants and management accountants\n General ledger accountants\, assista nt accountants\, accounts receivable and payable accountants\, payroll acc ountants\n Management and decision-makers relying on timely and accurate financial information\n Chief Financial Officers (CFOs)\, finance directo rs\, and strategic planners\n\nCourse Outline\nIntroduction to Cost Manage ment\n\n Cost Management Concept\n Traditional Cost Management\n Modern Cost Management\n Benefits of Modern Cost Management\n\nTraditional Cost Management\n\n Product Cost Management\n Material Cost\n Employee Cost \n Overhead\n Job Costing\n Batch Costing\n Unit Costing\n Process Co sting\n Limitations of Traditional Cost Management\n\nModern Business Env ironment\n\n Characteristics of Modern Business Environment\n Business E xcellence Model\n Total Quality Management\n Supply Chain Management\n Business Process Reengineering\n Outsourcing\n Just-in-Time\n Six Sigma Techniques\n\nModern Cost Management Techniques\n\n Cost Reduction\n Co st Control\n Target Costing\n Value Engineering\n Pareto Analysis\n Li fe Cycle Costing\n\nDecision Making\n\n CVP Analysis\n Activity-Based Co sting\n Theory and Principles of Product Pricing\n Sensitivity Analysis\ n Pricing Strategies\n\nPerformance Evaluation\n\n Responsibility Accoun ting\n Critical Success Factors\n Key Performance Indicators\n Balanced Scorecard\n Performance Pyramid\n Building Block Model\n\nCost Control and Analysis\n\n Marginal Costing\n Contribution Margin\n Break-Even An alysis\n Margin of Safety\n Product/Service Cost under Marginal Costing\ n Standard Costing\n Setting up Standards\n Types of Standards\n Cost Variance\n Integration of Standard Costing with Marginal Costing\n\nBudge ts and Budgetary Control\n\n Introduction to Budgeting\n Budget Setting Process\n Flexible Budgets\n Functional Budgets\n Cash Budget\n Master Budget\n Zero-Based Budgets\n Performance Budgets\n Behavioral Aspects \n Beyond Budgeting\n ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2025/01/4f9c e478-2dc9-402e-940a-0629882ec08f-1-1.jpg CATEGORIES:Accounting & Finance LOCATION:http://online END:VEVENT BEGIN:VTIMEZONE TZID:Asia/Riyadh X-LIC-LOCATION:Asia/Riyadh BEGIN:STANDARD DTSTART:20250817T090000 TZOFFSETFROM:+0300 TZOFFSETTO:+0300 TZNAME:+03 END:STANDARD END:VTIMEZONE END:VCALENDAR