Effective Methods of Cost Rationalization and Profit Maximization

Effective Methods of Cost Rationalization and Profit Maximization 

General Objectives:

Introduce the participants to the contemporary scientific methods of cost reduction and the modern methods of profit maximization while maintaining quality, train the participants to rationalize the use of available material and human resources, and enhance the awareness of participants in relation to the role of budgets in costs reduction and the impact of costs reduction on production and sales control. 

Targeted Group:

• Financial managers, accountants, heads of cost sections, cost accountants and management accountants
• Financial analysts and auditors


• Concept and objectives of costs accounting
• Classification of costs in different uses
• Costs behavior and quantity accounting in various activities
• Costs accounting systems: actual and standard
• Cost systems: stages costs, production order costs, mixed systems
• Cost rationalization using standard control: analyzing variances of direct materials, direct wages, indirect costs, sales, profits
• Cost rationalization using budgets: in kind budgets, financial budgets, current operations budget, comprehensive budget
• Cost reduction by continuous improvement (Japanese experiment- KAIZEN COSTING)
• Cost reports necessary for control: performance evaluation and accountability accounting
• Means of cost reduction in the modern production environment, information technology environment: approach to costs based on activities ABC and JIT system

Course Duration:

15 training hours 

For more details don’t hesitate to contact the training officer:

on telephone number 17383001
or e-mail at:  gizrmrmt.yzsizrm@gztrgizrmrmt.xln


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