It is important for managers to identify cost behavior and understanding the fundamental interactions between costs and revenues in any activity. Gaining insights into the cost-volume-profit relationships enable managers to make better scare resources allocation decisions, plan activities, control costs and evaluate performance. Our working environment today has evolved with the sensitivity of cost behavior where end state of stake-holders objective is to optimize its scare resource.
In-tandem with above, when a business decide to purchase common items, the planning and purchasing processes may be quite simple but many purchasing decisions, however, do involve large commitments of resources over a long period of time. Obviously, business want to be careful with such planning activities commonly known as the Budgeting.
This course teaches in-depth Principles & Application on Cost Behavior and budgeting evaluation models together with illustration.
There will be hand on exercises, questions and problem solving with answer provided after the sharing session.
Upon completion of this course, participants will be able to;
Managers, Head of Department, Vice President, CFO, COO whom are required to plan and control costs and plan for budget both at department, business segment, company, division and/ or regional level.
Lesson 1: Cost Behaviour
Lesson 2: Cost-Volume-Profit Relationships
Lesson 3: The Capital Budgeting Process
Lesson 4: Discounted Cash Flow Methods
Lesson 5: Other Project Evaluation Methods
Lesson 6: Estimating The Cost Capital
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