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MANAGERIAL FINANCE & COST ACCOUNTING (3 DAYS)
This course provides non-financial senior managers, such as General Managers, Assistant General Managers, Directors, business and functional area managers with the core financial skills necessary to be successful in their function. These individuals are often supported by a Controller but in order to leverage the Controller's skill sets to drive the business forward most effectively, senior leaders require a fundamental understanding of financials.
This intense 3-day training seminar will build the financial acumen and business savvy of senior leaders. It will provide leaders with an understanding of key financial metrics to evaluate when reviewing performance, quoting on new business or preparing a budget.
At the end of this workshop, participants should be able to:
- Understand and control the main drivers of costs
- Identify required costs when quoting to customers and other divisions
- Identify different methods of calculating product costs
- Determine if costing methodology is appropriate for their area
- Analyze key operational decisions in terms of financial impact
- Prepare, review, and communicate budgets effectively
- Review and control key costing variances
- Increase ROFE for the division if appropriate
As a result of the above learning outcomes, participants should find that their financial knowledge provides them with additional insight which ultimately will increase their career growth and potential.
Topics covered
- The importance of finance in achieving results
- Review of cost behaviour
- Costs for Quoting Purposes
- Cost Allocations and intercompany costs
- Activity-based costing
- Operational Decision-Making
- Budgeting
- Performance Reporting and Control
- Transfer pricing
- Returns on Funds Employed (ROFE)
Workshop format
This workshop is highly interactive. Participants will with exercises to learn through doing. It is highly recommended that participants bring a calculator with them to obtain maximum benefit.
Who will benefit
The workshop will be beneficial to managers, senior managers, directors, functional area managers, individual who are responsible for managing a cost centre and/or preparing budgets, and top talent of the organization desiring to enhance their business savvy to grow into the role of a senior manager.
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Price: $1,999
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