Vergelijkbare opleidingen
Opleiding: Strategic Cost Management
Learning purpose
'Recent trends in strategic cost control'
The economic crisis has caused a wave of cost reduction initiatives. But not every money-saving action is a good one. While damaging to the business, the financial impact often tends to be low. Cost reductions should not be pursued thoughtlessly. Deeper insight into cost behaviour is essential for saving-successes. Advanced costing techniques can make the cost drivers of your business more transparent. That is why our executive program offers you a course on advanced costing techniques and how it can be applied within your company.
After this programme, you will be able to:
- apply the most recent and effective costing systems
- select the right costing system for your company/department
- interpret the outcomes of costing systems and propose the necessary actions to be taken
The Vlerick approach
To ensure a practical and action-oriented approach, case studies are used as the primary – but not exclusive – vehicle for teaching. Participants will be challenged to deal with real-life situations, apply the appropriate concepts and techniques, decide upon a course of action, and discuss their recommendations in class.
Faculty
Prof Dr Filip Roodhooft is a full professor of Accounting at Vlerick Leuven Gent Management School and in the faculty of Economics at the Katholieke Universiteit Leuven. He teaches in executive development programmes at several business schools, including the London Business School, the Rochester MBA programme in Bern, and Leti-Lovanium Saint Petersburg.
Prof Dr Regine Slagmulder is Partner and Associate Professor of Accounting and Control at Vlerick Leuven Gent Management School. Prior to joining Vlerick, Regine was a consultant with McKinsey & Company and a full-time faculty member at INSEAD. Regine’s teaching and research activities focus on the link between performance management systems and company strategy.
Target audience
- Accountants,
- controllers,
- financial directors,
- production managers,
- management consultants,
- purchasing managers,
- general managers, …
Programme
This 4-day programme provides a detailed, practical overview of the most recent and important cost controlling techniques.
Theory and case studies are well balanced.
> Module 1: Introduction to Strategic Cost Management
Activity Based Costing (ABC) is an accounting technique that allows an organisation to determine the actual costs associated with each product and service that it produces.
> Module 2: Customer Profitability Analysis
Customer Profitability Analysis identifies which customers cause which costs, with the objective of improving or optimizing profitability. Target costing is a method used in the analysis of product design that involves setting a target cost and then designing the product/service to meet that cost.Time->
> Module 3: Time-Driven Activity-Based Costing
Time-Driven Activity-Based Costing is the newest approach to Activity-Based Costing. Theory of Constraints describes the method for maximizing operating income when faced with bottlenecks.
> Module 4: Total Cost of Ownership
Total Cost of Ownership is a method of calculating the real costs of a purchase.
Opleiding kerngegevens