An intensive professional development training course on
Certificate in Cost Management and Leadership
Developing a World Class Cost Management System
Why Choose Certificate in Cost Management and Leadership Training Course?
Cost Management and Leadership is a crucial aspect in leading and managing organizations. Organizations are encouraged to think, plan and act in terms of value added to customers and shareholders.
Nowadays, if contemporary organizations want to stay competitive, they're encouraged to think, plan and act in terms of value added to customers and shareholders.
In addressing these issues, this Cost Management and Leadership training course is applicable for those professionals and analysts facing the difficult challenge of perfecting performance while reducing costs of those processes for which they are responsible.
This course introduces the essential knowledge and cost management skills in Accounting and Finance that you will need as a finance professional. The training course conveys an overview of how to evaluate the financial situation and make the right decisions required for a sustainable organization.
This Certificate in Cost Management and Leadership training course will feature:
- The management system in practice
- Budgeting practices
- Traditional and innovative tools for budgeting and cost control
- Multiple cost analysis for different purposes
- KPIs and the Balanced Scorecard
What are the Goals?
By the end of This Certificate in Cost Management and Leadership training course, participants will be able to:
- Master the budgeting process
- Understand costs behavior
- Explore traditional & innovative approaches to Budgeting & Cost Control
- Analyze process costing
- Manage Balanced Scorecard
Who is this Training Course for?
This Certificate in Cost Management and Leadership training course is suitable to a wide range of professionals but will greatly benefit those with direct or indirect budget responsibilities within a Team, Department or Division. Moreover, the training course is suitable to first appointment professionals on fast-track development programs, and to professionals from every business discipline and department who have to run budgetary plans, and who are responsible for cost and strategic analysis, including:
- Financial Planning and Control Staff
- Those with direct or indirect financial responsibilities
- Those from every business discipline and department who have to run departments and budgetary plans, and who are responsible for cost and strategic analysis
- Those from all sectors of industry, irrespective of functional responsibilities, but particularly those involved in manufacturing, production, engineering or sales
- Those working in a project management environment
How will this Training Course be Presented?
This Certificate in Cost Management and Leadership training course will utilize a variety of proven learning techniques to ensure maximum understanding. This Certificate in Cost Management and Leadership training course combines theory and practice. Therefore, besides in-class lectures, discussions and exercises, we use company examples to illustrate how the techniques presented have been applied in real case studies.
The Course Content
- The key role of cost Management in contemporary organizations
- The 21st century business imperative: Delivering value added (but to whom?)
- The role of the strategic identity of the firm in shaping Financial and Cost management strategy
- Understand your processes: Integrating financial and non-financial aspects
- Examples and Discussion
- Cost Concepts and Terminology
- Different Costs for Different Purposes
- Fixed vs. Variable Costs
- Manufacturing vs. Non-manufacturing Costs
- Period vs. Product Costs: Inventory Evaluation and Control
- The Cost-Volume-Profit Analysis Model
- Contribution Margin Analysis
- Variance analysis
- How to refine a Costing System?
- The consequences of Under-costing vs Over-costing
- Traditional Cost Allocations Systems
- Activity-Based Costing
- Cost Drivers: Linking Resources, Activities and Management
- Activity-Based Budgeting (ABB) and Management (ABM)
- The key features of budgeting
- Accountability and centers of responsibility
- Budgeting and Its Behavioral Aspects
- Types of Budgeting: Pros and Cons
- Budget Management Process and Control
- Broadening performance measurement systems
- Beyond budgeting: Integrating financial and non-financial issues
- Introducing the Balanced Scorecard
- Introducing the Strategy maps
- Introducing Six-sigma
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the training course
In Partnership With
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Available Sessions
Frequently Asked Questions
Yes, we offer tailored corporate training solutions to meet your organization’s specific needs. Please contact us at info@aztechtraining.com or call +971 4 427 5400 for more information.
Our training programs are hosted at luxurious five-star hotels in prestigious destinations across the globe. Some of our popular locations include Dubai, London, Kuala Lumpur, Amsterdam, New York, Paris, Vienna, and many other iconic cities.
The training fees include full access to the training venue, along with comprehensive training materials to enhance your learning experience. Additionally, participants will be provided with writing supplies and stationery. To ensure comfort and convenience, the fee also covers lunch and refreshing coffee breaks throughout the duration of the course.
Once your registration is successfully completed, you will receive a confirmation email within 24 hours. This email will contain your registration details, invoice, and the necessary joining instructions for the course.
There are several convenient ways to register for our training programs:
- Online: Explore our training calendar, choose the course that suits your needs, and click the “Register Now” button on the course details page.
- Email: Share your details, including your name, organization, email address, and selected course, by sending an email to info@aztechtraining.com
- Phone: Reach out to us directly at +971 4 427 5400 or +971 4 427 5407, and our team will guide you through the registration process.
