Strategic Cost Management

 PT. Kosmopolis Pro Patria

3-Day Workshop

Strategic Cost Management

Park Hotel – Jakarta, March 18 – 20, 2015

Fasilitator: DR. Wiwiek M. Daryanto, SE-Ak, MM, CMA

Introduction

Understanding cost-volume relationships - how costs behave as the level of activity changes – is necessary for understanding the various uses of management accounting information. Cost behavior information can be combined with revenue information to develop earning.

If an entity significantly increases the amount of goods or services it produces, then the amount of resources required to produce this higher volume should also increase: that is, higher volume causes higher costs. In many instances, however, the percentage increase in costs is less than the percentage increase in volume. To understand how this happens, it is necessary to understand the concepts of variable and fixed costs.

Cost accounting systems are well developed for tangible goods. In recent years the same principles have increasingly been applied to services and to selling and administrative activities in both profit-seeking and nonprofit organizations. Full cost information for goods and services is used in financial reporting, in analyzing the profitability of parts of a business, in answering the question, “What did it cost?,” as a basis for setting regulated prices, and as a first approximation in deciding on selling prices of differentiated products.

In strategic planning process, full costs are relevant. In the other management control phases the budgeted and actual amounts are reported by responsibility centers, which is a different way of structuring management accounting information than that used in full cost accounting. Responsibility accounting cost concepts include the notions of controllable, engineered, discretionary, and committed costs.

Benefit

1.      Understand the uses of full cost for Financial Reporting, Analysis of Profitability, What Did It cost ?. Setting Regulated Prices, Product Pricing, and Performance Evaluation.

2.      Understand how to develop alternative choice decisions, therefore the manager seeks to choose the best one of several alternative courses of action

3.      Understand how to analyze quantitatively of these alter native focuses on the differences in their costs.

Course outline

1.      The Behavior of Costs

·         Relation of Costs to Volume

·         The Profit graph – Break-even Volume

2.      Full Costs and Their Uses

·         Costs Concepts

·         The Classification of Costs

·         Different Cost for Different Purposes

·         Product Costing Systems

·         Non-manufacturing Costs

·         Uses of Full Cost

3.      Additional Aspects of Product Costing Systems

·         Job Order Costing and Process Costing

·         Measurement of Direct Costs

·         Allocation of Indirect Costs

·         Activity-Based Costing

4.      Control: The Management Control Environment

·         Management Control

·         The Environment

·         Responsibility Centers

·         Types of Responsibility Centers

5.      Control: The Management Control Process

·         Phases of Management Control

·         Accounting Information Used in Management Control

·         Controllable Costs

·         Engineered, Discretionary, and Committed Costs

·         Behavioral Aspects of Management Control

6.      Strategic Planning and Budgeting

7.      Reporting and Evaluation

8.      Short-Run Alternative Choice Decisions

·         The Differential Concept

·         Contribution Analysis

·         Alternative Choice Problems

·         Differential Costs

·         Types of Alternative Choice

9.      Longer-Run Decisions: Capital Budgeting

·         Nature of the Problem

·         Estimating the Variables

·         Required Rate of Return

·         Economic Life

·         Cash Inflows

·         Depreciation

·         Investment

·         Terminal Value

·         Non-monetary Considerations

Who should attend

·         All Managers

Your Course Leader

Dr.Wiwiek M.Daryanto, SE-Ak,MM,CMA is an expert in accounting and finance. She earned a degree in accounting from the University of Gadjah Mada, a Master of Management (MM) from the University of the Philippines (UP) and a Doktoral degree from Institut Pertanian Bogor (IPB). She is also a member of Certified Management Accountant of the Institute of Certified Management accountant (ICMA), Australia.

Workshop Fee

Rp 5.500,000,-- per participant. This will cover workshop fee, snack and lunch. Hotel accommodation and transport to the workshop venue are not included in this fee. For those who live outside of Jakarta we will be happy to assist you to book the hotel for you.

About PT. Kosmopolis Pro Patria      

PT Kosmopolis Pro Patria (KPP) is not just a training provider company, it is a true Training Company run by full-time professional instructors. Founded by well experienced instructors with doctoral degrees in their area of expertise, KPP focuses its training areas in the internal competence of any corporation: operations, cost  management (managerial accounting) and finance. In management training programs in Indonesia our instructors have carved out a benchmark in training excellence. To guarantee that our courses are academically sound and yet truly practical, our instructors are also equipped with professional certification in their areas of expertise.

Trust the management trainings of your employees in our hands and you will join many satisfied companies in our programs.

Vision:

“To be the strategic alliance partner in your executive development programs”

The Founders:

Dr. Ir. Kuntoro Mangkusubroto, MSc

Industrial Engineering, ITB

Stanford University, USA

Dr. Wiwiek M. Daryanto, SE.Ak., MM, CMA

SE.,Ak. Faculty of Economics, University of Gadjah Mada (cum laude)

MM., University of the Philippines, Los Banos

Dr. Agricultural Industrial Technology, IPB

CMA (Certified Management Accountant), ICMA Australia

How to Register, kindly email us at :

propatria@cbn.net.id , kppropatria@gmail.com , dinda.kosmopro@gmail.com , and fdafania@gmail.com

Registration form will be sent by email or fax.

We invite you and your colleagues in your company to attend this training program. Do not hesitate to contact us for more information.

Our Address :

Jl. Utama V, No. 18, Pondok Bambu,  Jakarta 13430

Phone         : 021-860-3950; 021-8661-2052

Fax               : 021-861-6982

Contact Persons :

Dinda          : 0812-8828-0949

Fania           : 0877-7626-2843