Cost Analysis and Estimation, and Decision Support

Course Topics: Cost Analysis and Estimation, and Decision Support
Duration: 5 days
Teaching method: In-person (face-to-face) with practical applications and case studies

Day One: Introduction to Cost Analysis and Estimation

• The concept of costs and their importance in decision-making

• Types of costs (fixed, variable, mixed, and opportunity)

• The difference between accounting costs and economic costs

• Methods of measuring and analyzing costs

Day Two: Cost Behavior Analysis and Estimation

• Analysis of the relationship between cost, volume, and profit (CVP Analysis)

• Cost estimation methods (high-low method, regression analysis)

• Relevant and irrelevant costs in decision-making

• Practical applications of cost estimation

Day Three: Costs and Administrative Decision-Making

• The role of costs in supporting pricing decisions

• Break-even analysis and decision-making

• Purchase or manufacturing decisions

• Decisions to suspend or continue products or services

Day Four: Budgets and Financial Planning

• Preparing budget plans and linking them to strategic objectives

• Variance analysis and performance evaluation

• Operational and capital budgets and their impact on decision-making

• Practical applications of budgets

Day Five: Decision Support using Cost Analysis

• Application of target costing in performance improvement

• Cost analysis in the modern business environment

• The use of accounting information systems in supporting cost decisions

• Case study and comprehensive application of what has been learned.

Teaching Method:

• Interactive lectures

• Workshops

• Real case studies

• Interactive discussions with the audience

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