Seats Available: 7

 

 

Managing costs to deliver the most profitable result is a basic yet one of the most challenging tasks of every business manager. This seminar provides practical tools and insights on how to understand and use financial information to help boost over-all profitability for your company.

 
Seminar Objectives:

This seminar is designed to:

·     Impart measurable, concrete action plans to address cost management issues

·     Help determine the viability of the business

·     Assist and introduce profit building process

·     Appreciate the Profit and Loss statement

·     Establish the relationship of Cost and Sales

·     Assist the participants on Budget Preparations

 

Key Reasons why attending this seminar is a MUST:

1.   You will learn that cost management is not just about numbers or cutting costs, it is about making objective and workable cost management decisions that will deliver profitable results for your company

2.   It will give you tips on how analyze your financial data that would guide you in implementing value-based cost management plans

3.   It is loaded with real-life success stories and doable tools that will provide deeper insights on managing your company costs and expenses

4.   It provides concrete steps on how to implement a more effective cost management initiative in your company

5.   Managing your costs in 2009’s challenging business environment could make or break your company’s operational results

 

Target Participants:

This seminar is for company owners, finance executives, cost management practitioners and all employees who specialize in managing the costs and expenses in their companies.

Module I – The Basics of Cost Management

A.     The Learning Process

        1.      What you need

        2.      Understanding your Corporate Culture

        3.      Evaluating your Performance

        4.      Appreciating your Organizational Chart

        5.      Analyzing your Resources

B.    Cost Management Defined

        1.      What is Cost?

        2.      What is Cost Management?

        3.      Cost Management vs. Cost Control

        4.      Financial Accounting and Cost Analysis

        5.      Work PLOCS

C.    The Organizational Aspect

        1.      Line Authority and Staff Authority

        2.      Controllership and its Functions

Module II – Organization-embraced Cost Management Practices

A.     Total Quality Management and Total Quality Control

B.    Continuous Improvement and Benchmarking

C.    Business Process Re-engineering

D.    Just-in-time and Lean Production

E.     Theory of Constraints and Bottleneck Management

F.     4 Quadrants of Sales – Cost Relationship

G.    The Chimney Effect

Module III – Classifications of Cost

 A.     Categories of Cost

 B.    The Basic Elements of Cost

 C.    Non-Manufacturing Costs

        1.      Marketing and Selling Costs

        2.      General and Administrative Costs

D.    Period Costs and Product Costs

E.     Variable, Fixed and Mixed (Semi-variable) Costs

F.     Cost Planning, Controlling and Decision Making Elements

        
Module IV – The Profit and Loss Statement

A.    What is a Profit and Loss Statement?

B.    Two key Elements of Profitability

C.    Profitability vs. Cash Availability

D.    Important Financial Reports for Cash Analysis

        1.      Balance Sheet

        2.      Profit and Loss Statement

        3.      Cash Flow

 E.     Management of Costs by Segment

        1.      Investment

        2.      Operational

        3.      Marketing

 F.     Break-even Point Analysis

G.    The Trading Account

H.    The Lookouts 

I.    The Overheads 

        1.  Monthlies 

        2.  Dailies 

        3.  Other Employee Cost

 
 Module V – Getting Down to Managing your Costs 

A.  How Cost Control Measures have Evolved

B.  Cost Management : Feasibility Study

        The Key Considerations

        1.             Capital Investment

        2.             Marketing Expense

        3.             Pre-operational Expense

        4.             R & D Expense

        5.             Equipment Cost

        6.             Inventory Cost

        7.             Contingency Measures

 

C.            Budget Preparation

        1.      What Managers Need to Know About

        2.      Cost Management and Improving Profits 

D.            What leads to a PROFITABLE organization

E.            Profit Generation

        1.      The Profit Improvement Paradox (PIP)

        2.      The “PIP” Test 

F.     The Profit Building Process (PBP)

        1.      The Backbone of the PBP Process

        2.      The Foundation of PBP

G.    The Downsizing Dilemma

        1.      Downsizing: Why or Why Not?

        2.      Recommended Solution

H.    The 5 Steps in the Profit Building Process (PBP)

        1.      Picking Your Team

        2.      Preparing Your Team and the Organization

        3.      Brainstorming all the Questions

        4.      Taking Action and Documenting Results

        5.      Reviewing and Following Up

I.      How to Keep PBP Going

        1.      The 4 As of Moving Forward

        2.      The 4 Ds of Success

        3.      The Test of 2 Ws
 

Rates per participant:

P6, 500 + VAT until October 29, 2009 and paid within the assigned due date

P7, 500 + VAT starting October 30, 2009 and paid within the assigned due date

P8, 500 + VAT for on-site paymets

 

FREE 1 SEAT for every 5 seats availed.

* Rate for five seats availed will be based on actual date of payment.
*10% discount no longer applicable.

***ALL SEATS MUST BE PREPAID TO CONFIRM RESERVATION***

DURATION: 1-Day

RATE: 7500.00 Peso

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