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This course teaches business owners about a better, more-effective way to analyze and manage the costs associated with producing and selling a product or service. Traditional methods of financial management to provide a bigger picture, long-term view of operation costs, but do little to contribute to day-to-day operation decisions. Participants in this course will learn how every activity associated with producing a product or service has a corresponding, definable cost, which can be monitored and managed for greater profitability. The course will explore how to go beyond traditional accounting costs (overhead, direct/indirect labour, materials) by measuring the costs associated with detailed activities and how they consume varying degrees of overhead, labour and materials in the case of products being manufactured. Entrepreneurs will learn how activity-based costing can clearly pinpoint trouble spots by product and focus cost-based decisions on day-to-day improvement efforts. Costing is a very elaborate subject and therefore an extensive course is offered. It runs for five days. If you want to set the correct price, it is very important to know how much it costs to produce the product or service. We will come to your area if you contact us or see our training schedule for a course running near you.......................Contact Us
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