FUNDAMENTALS OF COST ANALYSIS

OVERVIEW

The techniques and policies used to determine the cost analysis in companies is the basis of the Fundamentals of Cost Analysis training session developed by Xceed Academy. You will learn how to plan and estimate costs, the sources, collection, normalization and life cycle of data and cost analysis in your organization. The participants registered will also learn about the risk management, required documentations, cost-estimations, parametric and budgeting.

COURSE OUTLINE

The Fundamentals of Cost Analysis course entails a detailed study for participants. They will be able to efficiently manage the cost analysis in their company. The course outline includes:

  • Analysis of Data Trend, Shape, Center and Characteristics
  • Estimating Cost Relationships
  • Cost Volume and Profit Analysis
  • Difference Between Price and Cost Analysis
  • Cost Analysis Business Systems
  • Process of Cost Analysis
  • Direct and Indirect Costs
  • Capital Costs of Money Facility
  • Defective Cost Analysis
  • Pricing and Final Pricing
  • Profit in Cost Analysis
  • Capstone Module
  • Final Session Takeaways

ELIGIBILITY CRITERIA

This Fundamentals of Cost Analysis course is specifically designed for:

  • Managers
  • Supervisors
  • Finance professionals
  • Individual with knowledge about accounts and finance
  • Accounts professionals
  • Individuals seeking to develop their careers in business, finance and accounts are highly
  • encouraged to register

COURSE METHOD

Different methodologies are implemented to keep the participants engaged and involved. These methods include:

  • Live Group Sessions
  • Engaging Discussions With Participants
  • PowerPoint Presentations
  • Professor-Led Classroom Track
  • Other Engaging Activities Include:

     

    • Ice Breakers
    • Live Accounting Activities
    • Case Studies About Cost Analysis
    • Energizers
    • Video Playbacks

WHAT WILL YOU LEARN?

After the successful completion of this training program, attendees will be able to:

  • Efficiently distinguish between the different seller pricing strategies
  • Proficiently identify the procedures and policies used in the application of the rules and regulations of the Cost Accounting Standards Board (CASB) when negotiating with contracts
  • In a contracting scenario, efficiently differentiate between the financing arrangements, preference order and its utilization situation
  • Accurately determine the cost and price analysis and then cost realism analysis
  • Efficiently apply the correct cost analysis techniques
  • Correctly determine the difference between indirect and direct costs
  • Accurately evaluate the acquisition proposals and summarize the direct and indirect cost evaluations
  • Successfully demonstrate how to finalize a settlement action regarding defective pricing.

END ASSESSMENT

During the Fundamentals of Cost Analysis training session, the participants will be assessed pre-course, during the training and at the end of the training session via different methods that include:

  • A pre-assessment will be carried out to determine the participants’ initial level and deliver the customized training course
  • During the training, several assessments are conducted through session-based reflective quizzes, practical exercises and evaluations
  • To ensure the retention and learning of the training, an end of course assessment is carried out in a test or exam environment.