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- Payment Terms: Enquire
- Other Locations: Dubai Abu Dhabi - United Arab Emirates England - United Kingdom Amsterdam Netherlands
- Duration / Course length: 5 Days
- Starting Date: Enquire About It
- Timings: Enquire
Course details
OverviewThis five-day training course is designed to provide participants with an understanding of the principles and methods of cost analysis. Participants will learn how to analyse costs identify cost drivers and develop effective cost reduction strategies. The course will also cover topics such as cost behaviour cost-volume-profit analysis activity-based costing and budgeting.
Objective
- Upon completion of this courseparticipants will be able to:
- Understand the principles and methods of cost analysis.
- Analyse costs and identify cost drivers.
- Develop effective cost reduction strategies.
- Understand cost behaviour and cost-volume-profit analysis.
- Understand activity-based costing and its applications.
- Develop effective budgeting strategies.
Who Should Attend
The Cost Analysis training course is designed for professionals involved in financial management, accounting, and cost management, including financial analysts, accountants, controllers, and budgeting professionals. It is also relevant for professionals in related fields, such as procurement and operations management. Additionally, senior management and executives who work closely with finance and accounting professionals may benefit from attending this training course.
Course Outlines
Day 1
- Introduction to Cost Analysis
- Principles and methods of cost analysis
- Types of costs
- Cost behaviour and analysis
- Developing a cost analysis strategy
Day 2
- Identifying Cost Drivers
- Understanding cost drivers
- Identifying and measuring cost drivers
- Cost driver analysis techniques
- Cost allocation methods
Day 3
- Cost Reduction Strategies
- Developing a cost reduction strategy
- Lean management techniques
- Process improvement techniques
- Target costing
Day 4
- Cost-Volume-Profit Analysis
- Understanding cost-volume-profit analysis
- Break-even analysis
- Margin of safety analysis
- Sensitivity analysis
Day 5
- Activity-Based Costing and Budgeting
- Understanding activity-based costing
- Implementing activity-based costing
- Developing effective budgeting strategies
- Monitoring and reporting on budget performance
Job roles this course is suitable for:
financial analysts , accountants , controllers , senior management executivesCourse Location
About London Training For Excellence
Empowering Professionals for Over a Decade
London Training for Excellence is a leading provider of professional development programmes, established in 2013. For over eleven years, we have been committed to equipping individuals and organisations with the skills and knowledge they need to excel in today's ever-evolving business landscape.
A Breadth of Expertise
We offer a comprehensive range of training solutions across a diverse set of industries, including:
- Artificial Intelligence (AI): Stay ahead of the curve with cutting-edge training on AI applications, machine learning and data analysis.
- Contact Management: Learn best practices for building and nurturing relationships, managing communication workflows and leveraging technology to optimise your outreach efforts.
- Engineering: Enhance your technical expertise and stay current with the latest advancements in various engineering fields.
- Finance and Legal: Gain a deep understanding of financial concepts, legal frameworks and compliance requirements.
- Human Resources: Navigate the complexities of HR practices, from recruitment and onboarding to employee relations and performance management.
- Leadership and Management: Develop your leadership skills, communication techniques and team-building strategies.
- Logistics: Optimise your supply chain operations and ensure efficient delivery of goods and services.
- Marketing and Sales: Develop effective marketing strategies, hone your sales skills and drive business growth.
- Oil and Gas: Gain specialised knowledge and skills relevant to the oil and gas industry.
- Project Management: Master the art of project planning, execution and delivery to ensure successful project outcomes.
Our Approach
At London Training for Excellence, we believe in delivering high-quality, interactive training programmes that cater to diverse learning styles. Our experienced instructors are industry experts who combine theoretical knowledge with practical application.
Flexible Learning Solutions
We understand that busy professionals require flexible learning options. We offer a variety of delivery methods to suit your needs, including:
- In-person training: provides more significant face-to-face interaction. In a classroom setting, attendees can connect in real-time. In-person training also offers more opportunities for group activities and interactive projects.
- Online Courses: Our comprehensive online courses allow you to learn comfortably in your working environment.
- In-Company Training: Tailor training programmes specifically for your organisation's needs and deliver them on-site for maximum impact and employee convenience.
Investing in Your Success
By investing in training and development with London Training for Excellence, you will gain the knowledge and skills necessary to achieve your professional goals and contribute to the success of your organisation.
Contact Us Today
Let London Training for Excellence help you unlock your full potential and drive positive organisational change. Contact us today to discuss your training needs and explore how we can empower your workforce for the future.
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