Cost Analysis to Support Strategic Decisions

Course Info

Length: 1 Week

Type: Online

Available Dates


  • Aug-22-2022


  • Sep-12-2022


  • Oct-03-2022


  • Oct-24-2022


  • Nov-14-2022


  • Nov-28-2022


  • Dec-05-2022


  • Dec-19-2022


  • Dec-20-2022


  • Dec-27-2022


  • Jan-17-2023


Course Details

Course Outline

5 days course


Introducing the Linkages Between Strategy and Costing


  • Managing contemporary organisation
  • Strategic Plan, Budgeting, Costing and Management Control
  • Management Accounting for organizational control systems
  • Responsibility accounting and the process-view
  • The context for costing
  • The Budget and its role for achieving organizational targets
  • What is it the situation in your organisation?


Cost Analysis and Classifications


  • Cost terms and classification
  • Inventoriable vs. period costs
  • Manufacturing vs non-manufacturing costs
  • Variable vs. Fixed costs (CVP analysis)
  • Direct vs. indirect cost
  • Under-costing and Over-costing problems
  • Problems and Examples – Case study illustration


From Cost Accounting to Management Control


  • Cost allocation: traditional costing and activity-based costing (ABC)
  • From traditional budgeting to Activity-based budgeting (ABB)
  • Activity-based management
  • Decentralized organizations
  • Cost/Profit/Investment centers
  • Transfer-pricing issues
  • Problems and Examples – Case study illustration


Flexible Budgets and Variance Analysis


  • The features of budgetary control
  • Define the master budget and explain its major benefits to an organization
  • Describe the difference between a static budget and a flexible budget
  • Compute flexible-budget variances and sales-volume variances
  • Explain why standard costs are often used in variance analysis
  • Integrate continuous improvement into variance analysis
  • Case study, problems and exercises


Linking Strategy to Actions: Beyond Costing


  • Shortcomings of traditional approaches to measurement
  • The Balanced Scorecard: linking Strategy to Performance Measurement
  • Financial perspective, Customer perspective
  • Internal Business Process perspective, Learning and growth perspective
  • Developing and adapting scorecard
  • Case study illustration

Course Video