DAY 1 Session 2
14:00 Tax and Cost Schedules
Gain insight into tax benefits from a sound cost accounting model. What are the international accounting rules and how are they applied for compliant cost reporting.
15:00 Coffee Break
15:15 Funding Costs & Leverage
Look at various methods of funding costs, understand how to sweep debt between physical reporting periods and the effects of cost transference on the net present value of projects.
16:15 Coffee Break
16:30 Cost Risk Measurement
Look at market, credit, operational risk as a reserve expense. How to statistically generate a VaR model for estimating potential loss is discussed. Why is risk management important from a cost accounting perspective will be discussed. How to build a model to forecast potential losses will also be shown. Spreadsheet examples will be given to explain this complex topic in an easy to follow manner. Understand how to price risk in business delivery and understand the effectiveness of control improvement and insurance for cost reduction.
DAY 1 Session 2 14:00 Tax and Cost Schedules
Gain insight into tax benefits from a sound cost accounting model. What are the international accounting rules and how are they applied for compliant cost reporting.
15:00 Coffee Break
15:15 Funding Costs & Leverage
Look at various methods of funding costs, understand how to sweep debt between physical reporting periods and the effects of cost transference on the net present value of projects.
16:15 Coffee Break
16:30 Cost Risk Measurement
Look at market, credit, operational risk as a reserve expense. How to statistically generate a VaR model for estimating potential loss is discussed. Why is risk management important from a cost accounting perspective will be discussed. How to build a model to forecast potential losses will also be shown. Spreadsheet examples will be given to explain this complex topic in an easy to follow manner. Understand how to price risk in business delivery and understand the effectiveness of control improvement and insurance for cost reduction.
DAY 2 Session 1 08:30 Typical Cost Reduction
Look at the key areas for cost reduction, including resource management, financing, sell/lease, equivalent funding, process consolidation and many more case studies for different areas of the business.
09:30 Outsourcing Models
Gain insight into how to evaluate outsourcing models, learn how to price such services and to benchmark against existing and projected cost models.
10:30 Coffee Break
10:45 Cost Effective Procurement
Look at the best practice approaches for Procurement, learn how to set Procurement policy and to keep such processes competitive. Review approaches for managing Procurement contracts to share liability and reduce risk cost.
11:45 Hedging Cost Risk
Look at methods to reduce costs and losses through hedging instruments. Learn how to manage such exposures in an ongoing manner.
11:45 Coffee Break
12:00 Cost Centre vs Profit Centre
Look at the key methods for converting a cost centre into a profit centre, by increasing revenues to reduce costs.
DAY 2 Session 2 14:00 Cost Efficiency & Capacity
Understand variance analysis and how to calculate sales volume, mix and pricing variances into cost models. Add this structure to the main cost map framework. Learn about capacity utilisation and target cost models. Gain insight into transfer pricing and the implications of inter-divisional product pricing. Learn how to apply such reports to a uniform tax code.
15:00 Coffee Break
15:15 Audit and Cash flow
Extend the cost map framework, so that expenditure processes can be easily audited, policy deviation tracked and how exceptions should be managed. Learn how to complain cash flow and cost accounting
16:15 Coffee Break
16:30 Incremental Cost Analysis
The course will finish by bringing all the topics together and show at a top level the impact to WACC for cost variance, how to apply the analysis model to production units, service units and product division. Learn about Scarce Resource Analysis and long inventory classes/cost of carry.
17:30 Day Two Complete