Module 13. Cost Management. Accounting

COST MANAGEMENT

The training will help to: Identify costs depending on their purpose; Distinguish between variable and fixed costs; Calculate the break-even point; Assess losses in processes; Understand IFRS, tax and managerial accounting; Consider constraints in calculations and decisions; Think globally in creating value.

WHAT YOU WILL LEARN

Methods to determine the impact of lean transformations in production on the financial aspect Understanding costs, production costs, and expenses in the value creation stream; New ways to make management decisions regarding prices, profitability, make-or-buy decisions; - A method for orienting business to the value created for the consumer

CURRICULUM

Period

Content

1 day

10:00 – 17:00

What does the term cost mean? (definition, cost object / target cost, direct costs, indirect costs)

Classification of costs (variable and fixed costs)

Accounting for the cost-benefit ratio when preparing cost information

How the use of cost information determines its focus and form

Consumer satisfaction polygon (analysis of the "House of Quality" tool results)

Business game "Production of helicopters, planes, and boats"

Cost calculation in lean accounting

Breakeven point and takt time calculation

Profit and Loss Statement (P&L)

Operational, production, and financial cycle

Application of the theory of constraints in cost calculation

Alternative costs. And why we don't see them in accounting records?

Relevant and irrelevant costs and revenue

Cell / process indicators

Indicators of value stream efficiency

2 day

10:00 – 17:00

How to make a decision when choosing new product production?

Relevant and irrelevant costs

How to make a decision when choosing to purchase semi-finished products?

6 main ways to align value stream costs with target costs

Gemba visit.

Homework.