Advanced Cost Management for the Competitive Business Environment

Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 3,900

Overview

Having the best information is the key to success. In today’s business environment, the development and use of information especially cost management information – is a critical factor in the effective management of a firm or organization. As the business environment has changed, the role of cost management information has expanded to serve all management functions. The study of management and cost accounting yields insights into the changing roles and relationship between managerial activities and accounting intelligence. What types of decisions do managers make?

Learning Objectives

• Information for informed management decisions
• Management use of management accounting information
• A new role for the management accountant
• Cost management and Strategy
• Basic Cost and Cost Analysis
• Cost Behavior and Cost Estimation
• Different Approaches to Costing (Standard Costing, Activity-Based Costing, …)
• Product costing in multinational firms
• Cost Planning and Budgeting
• Decision Making with Relevance Costs and a Strategic Emphasis

Who Should Attend

Non-Financial managers from all functions of an enterprise will benefit from this intensive course which teaches the key financial issues covered in international MBA programs. Financial managers wanting an update or ‘refresher’ of their knowledge will also benefit from attending. In detail:

• Managers with direct financial responsibilities
• Cost and management accountant
• Financial planners and cost analysts
• Senior managers
• Financial and budget controllers
• Managers

Course Outline

Day 1 — Management and Cost Management Fundamentals: a Review of Key Cost Concepts

• The accountant’s role in the organization
• An introduction to cost terms and purposes
• The use of cost management information
• Creating cost-aware organizations

Day 2 — Different Approaches to Costing: Part 1

• Absorption (Full) vs. Variable costing
• Under-costing and over-costing: the consequences for profitability
• How to refine a costing system?
• Activity-based costing (ABC) and cost-management

Day 3 — Different Approaches to Costing: Part 2

• Job-costing systems
• Process costing systems
• Cost allocation
• Cost allocation: joint-cost situation

Day 4 — Different Approached to Budgeting

• Fixed and flexed budget (static and flexible budget)
• Rolling budget
• Zero-based budgeting
• Activity-based budgeting

Day 5 — Cost Planning and Pricing Decisions: Life-Cycle-Costing, Target costing, and Target Pricing

• Linking process development to costing
• Target costing, target pricing, and its implications
• The three major influences on pricing decisions
• Distinguish between cost incurrence and locked-in costs

Accreditation

Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
29 November – 3 December 2026	Kuala Lumpur, Malaysia	Public	5 days	4,500
21–25 December 2026	Cape Town, South Africa	Public	5 days	4,500

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Frequently Asked Questions

What do Al-Khobraa finance and accounting courses cover?

The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.

Who should attend a finance and accounting course?

These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.

How long are finance and accounting courses, and where are they held?

Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.

What certificate will I receive?

Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.

Can finance and accounting training be delivered in-house for our team?

Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.

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