Finance Best Practice 2: Financial Analysis - Level 4 - Training Material  

Product Overview

This unit will enable the student learn about analysing the departmental costs, use cost centres and cost units, classify and analyse costs, cost control , effects of volume on costs and analysing variances.

Target Audience

• Middle and Senior Managers
• Post Grad and/or Post experience Managers

Anybody wanting to develop skills and knowledge in a particular management field at postgraduate or post experience level.

Objectives

• Enable students to analyse departmental costs
• Enable students to analyse and work with variables and variances
• Enable students to control departmental costs
• Show students what the effect of volume on cost i

List Of Contents

Analysing costs
The importance of costing
Cost centres
Cost units
Classifying and analysing costs
Labour costs/material costs/expenses
Direct costs/indirect costs (or overheads)
Sharing indirect costs or overheads
Standard costing
Controlling costs
A cost control exercise
Which costs can be controlled?
Where does the money go?
What is the effect of volume on costs?

Sample Preview  Preview_Finance2.pdf

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