In the current environment, cost management is an essential aspect for the company, if it is oriented to efficiency and the maximisation of activities that provide value to the client.
The decisions in the company are made taking into account the various areas of the same: technical, financial, commercial, strategic, etc. Although the final decision combines these different approaches, the decision-making process improves if the financial aspect is clear, that is, if the impact that each alternative can have on the income statement can be estimated.
The purpose of this course is to introduce the participant to financial management and to deepen cost control in the company. Starting from a brief overview of the most important concepts in relation to cost accounting, the necessary tools for cost management, i.e. analysis, control and cost reduction, will be presented.
Interpreting and understanding the financial and economic language of business.
Assess the economic-financial situation of the company over a given period.
Manage the main concepts related to cost accounting.
Know the main cost models applicable in a company.
Correctly implement a cost model in any organisation.
Make strategic decisions based on the information provided by cost systems.
Economic and Financial Position of the Company
Balance Sheet and Profit and Loss Account
Concept of cost.
Determination of the cost of production.
Different systems of link between Internal and External Accounting.
Direct / indirect costs.
Variable / fixed cost.
Direct costing simple and developed
Variable cost system.
Calculation of unit costs.
Problem of lost units.
Full costing by sections.
Activity Based Costing (ABC) system.
Calculation of the dead center (level of sales that makes the profit zero).
Manufacturing or subcontracting?
Introduction to the costs of under-activity and quality, non-quality.