COST & PROFITS: PLANNING, CONTROL & ANALYSIS
Deskripsi
Profit is considered as a significant element
of a business activity. According to PeterDrucker, “profit is a condition of survival. It
is the cost of the future, the cost of staying in a business.” Thus, profit
should be planned and managed properly. An organization should plan profits by
taking into consideration its capabilities and resources. Profit planning lays
foundation for the future income statement of the organization. The profit
planning process begins with the forecasting of sales and estimating the
desired level of profit taking in view the market conditions.
Benefits
·
Explain
the basic principles and objectives of profit planning
·
List
the three major types of budget reports and explain each.
·
Define
and give examples of variable costs, fixed costs, and mixed costs.
·
Define
responsibility accounting and appreciate how important it is for managerial
control.
·
State
the purposes of using standard costs.
·
Describe
the steps involved in variance analysis.
·
Explain
how the production budget leads to manufacturing costs budgets.
Outline
1.
What Is a Profit Planning and Cost Management System?
2.
Why Have a Formal Profit Planning and Cost Management System?
3.
The
Planning Process
·
Establishing profit goals
·
Determining expected sales volume
·
Estimating expenses
·
Determining profit
4.
Three
Levels of Planning of Business Activity
5.
Advantages
of Budgeting
·
Planning
·
Coordination
·
Performanca
·
Corrective
action
7.
Profit
Planning: Targeting and Reaching Achievable Goals
8.
Profit Maximizing Strategy& Cost Minimization
9.
Responsibility
Accounting and Reporting to Management
10.
Using
Variance Analysis to Evaluate Performance
11.
Practice
& Case Study
PARTICIPANTS
Manager and supervisor in Accounting
& Finance Dept., administration
staff, or personnel who related to cost & profit in business organization.
INSTRUCTOR
Nurofik, Drs, M,Si, Akt.
