Practical Controlling Costs
Cost control is the practice of identifying and reducing business expenses to increase profits, and it starts with the budgeting process. A business owner compares actual results to the budget expectations, and if actual costs are higher than planned, management takes action.
Course structure
The certificate course in Controlling Costs spent approximately 16 hours OR is offered a 2-day period. The course is based on a participatory, active learning approach, group discussions. An Action Guide for Productivity and Controlling Costs, by Ms. Pich Rathmony. Participants will receive a Certificate of Participation upon successful completion of the course. The maximum number of participants is 25.
- Comparing between cost & expenses
- Direct cost & indirect cost
- Fixed cost and variable cost
- Identify controllable & uncontrollable cost
- Reduce controllable cost
- Definition and advantage
- Setting up cost standard
- Analysis of cost variance
- Cost Info and decision
- Cost centers
- Manage and control of cost
- Cost analysis
- Identify cost center
- Collection of costs
- Cost code
- Controlling Costs (material, labor ,and general cost)
Expert in Business Management Finance, and Associate Trainer
Ms. Rathmony is a specialist in Financial Management and Entrepreneurship Education. She has her Bachelor's Degree in Business Economics from the National University of Management and a Master's Degree in General Management from Charles Sturt University. In addition, she earns an acceptance to provincial Certification Training of Business Edge by Mekong Private Sector Development Facility which is part of World Bank Group.
Ms. Rathmony has had more than 14 years of experience in consulting and delivering business training to those concerned business owners within the country. She has conducted training in some sectors such as Trade Unions, Multi-National Corporation –Garment factories, NGOs, Government Agencies, and Business corporate companies. Her training expertise is Business Plan Creation, Micro Business, Entrepreneurship, Project Planning, Accounting, and Financial skills.
Currently, Mony is a full-time trainer and consultant specializes in Small and Medium Enterprise (SME) for EDI in assisting clients to design strategic process, managing and reporting by business project and oversee with those projects to ensure that project members understand their jobs and are able to fulfill company’s expectation to achieve their financial goals and objectives.
Upon the completion of this two-day training, participants are expected to benefit:
- Identify different types of costs
- Define the role of controlling costs
- Analyze cost variance
- Use of tools for controlling costs
- Create cost consciousness within a business
SME Owner, General Manager, Accountant, and Finance Executive.
Course Detail
- Trainer :Pich Rathmony
- Class Start :09 Nov 2019
- Class End :10 Nov 2019
- Seat Availble :25 Seats
- Time : 08:00 - 05:00
- Fee :245 $
- Early Bird : 195 $
- venue :Hotel
