Certificate In Cost Control and Management

Gain 24 CPE credits

Certificate In Cost Control And Management pay NOW r FREE d n a k o Bo e fo olleagu c r u o y g and brin on this coursrech 2014 for Ma plicable etails* Only ap ck page for d a b See

Top Business Benefits 1. Identify cost rationalisation opportunities 2. Understand the nature and behaviour of cost and be able to set up targets for cost reduction

23 – 26 March 2014* Dusit Thani Hotel, Dubai UAE 7 – 10 September 2014 Radisson Royal Hotel, Dubai, UAE

3. Learn effective Excel based tools for cost control 4. Effectively design your own cost control dashboard Follow us on:

www.twitter.com/iirmiddleeast www.facebook.com/iirmiddleeast www.youtube.com/iirmiddleeast

Delegates should bring their laptops with Excel installed

www.iirme.com/costcontrol

Meet Your Expert Course Leaders Prof. Arif Ahmed is a Chartered Accountant and MBA (Finance) and has 25 years of experience under his belt in the area of finance and risk management.

The George Washington University School of Business, IIR Middle East’s Academic Partner, is dedicated to excellence: in its teaching and research about management, in the public and private sectors, within the United States and internationally.

The school has a 75 year history of preparing men and women for leadership in both the public and private sectors. Known internationally for its dedication to academic excellence, the school draws students from all parts of the United States and around the world.

Beyond first class teaching and scholarship, the school’s faculty offers practical experience in the issues and challenges confronting business and government.

Its research centres link faculty and students with US and international business and government organisations. Recent distance learning initiatives have expanded the school’s global reach.

Course Requirements And Certificates Delegates must meet two criteria to be eligible for an IIRME/GW Certificate of Completion for a course: 1.

2.

Satisfactory attendance – delegates must attend all sessions of the course. Delegates who miss more than 2 hours of the course sessions will not be eligible to sit the course assessment.

Successful completion of the course assessment.

Delegates who do not meet these criteria will receive an IIRME Certificate of Attendance. If delegates have not attended all sessions, the Certificate will clearly state the number of hours attended.

Course Assessment Delegates will be handed an assessment quiz at the end of the course and will be expected to complete and return it on the last day. The assessment will be in the form of multiple choice questions and will be related to the topics discussed during all the sessions. Delegates will be allowed to consult the session handouts

Would you like to run this course in-house?

In addition to training, Prof. Ahmed has assisted many organisations to design and implement financial management and control systems across various industries including media,metals and minerals, logistics, banking, engineering, energy, hospitality, paper, etc. He is one of the most sought after speakers for his inimitable style of blending concepts with application in industry.

Prof. Ahmed is the Director of South Asian Management Technologies Foundation based in India.

Prof. Veena Hingarh is a Chartered Accountant, Company Secretary, and a Certified Information System Auditor. A career rank-holder, Prof. Veena focuses on the areas of finance and their interface with information technology as her specialisation.

Delegates gain from her insight into the working of finance and its integration with IT. Prof. Veena is the Joint Director of South Asian Management Technologies Foundation, India.

Prof. Arif and Prof. Veena are contributors to and coauthors of best selling books - Wiley International Trends in Financial Reporting, Understanding And Conducting Information Systems Audit, Handbook on IFRS, Manual of Information Systems Audit, etc.

They have also been consultants with the World Bank.

About Your CPE Credits

1) Upon completion of this course you may earn maximum 24 CPE credits (Finance 18, Management Advisory Services 6).

2) Prerequisite to attend: Practical understanding of financial analysis fundamentals.

3) Course level: Intermediate.

4) Instructional method: Group live.

5) Advanced preparation: None required.

South Asian Management Technologies Foundation is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org

Who Should Attend?

The in-house training division of IIR Middle East Tel: +971 4 407 2624 • Email: CTS@iirme.com www.iirme.com/cts

General Managers, Financial Controllers, Budgeting Managers, Cost Managers, Business Development Managers, Business Planning Managers, Sales Managers, Production Managers, Business Unit Managers, Engineering Managers, Project Managers

T: +971 4 335 2437 F: +971 4 335 2438 E: register@iirme.com W: www.iirme.com/costcontrol

Certificate In Cost Control And Management 23 – 26 March 2014, Dusit Thani Hotel, Dubai UAE 7 – 10 September 2014, Radisson Royal Hotel, Dubai, UAE

Why Should You Join The Course?

Uncertainties in the global economy are making revenue maintenance increasingly difficult. Faced with a competitive market with virtually no price advantage, the only way to succeed and survive is by managing costs. Cost management brings with it a trap wherein the managers fail to identify the costs that can be controlled without harming the bottom line.

This course will take you through a journey of developing an in-depth understanding of the components and behaviour of cost. You will also be introduced to contemporary tools to decide on achievable cost reduction targets.

Course Timings: Registration will be at 07:30 on Day One. The course will commence at 08:00 every day and finish at 14:30. There will be breaks for refreshments at approximately 10:30 and 12:30 and lunch will be served at the end of each day’s session.

Course Outline Day One: Genesis Of Cost

Day Three: Control And Management

• •

• Managing cost of capital - Long term capital - Working capital

Cost management and strategic decisions Components of cost - Material - Labour - Overhead

Case study: How to cut costs and improve retention •

•

Relevance of cost - Relevant cost - Sunk cost - Opportunity cost Marginal costing - Fixed cost - Variable cost - Semi variable cost

Case study: Segregating fixed and variable costs Case study: Make or buy

Day Two: Cost Based Decision Making • Breakeven analysis - Determining break-even point Case study: Charting breakeven analysis • Activity Based Costing - Components of activity costing Case study: Time based activity based costing •

Cost reports and decision making - Impact on financial statements - Cost management using profit and loss account - Cost management using balance sheet

Case study: Computing cost related ratios Case study: Where to control costs?

Case study: Operating cost control strategies

Case study: Computing cost of capital Case study: Discussion of areas of working capital cost control •

•

Budgets and standards - Setting up a standard - Rolling forecasts - Designing budgets using standards Analysis of variance - Standard for actuals - Variance identification

Case study: Variance accounting

Day Four: Cost Reduction Tools And Strategies • Balanced Scorecard (BSC) - Cost management using Balanced Scorecard Case study: BSC cost perspectives • Decision tree - Identification of alternatives - Measuring impacts Case study: Preparing a decision tree •

Critical path method - Measurement of costs of alternatives - Identification of least cost alternative - Activity duration and cost trade-off

Case study: Computing the critical path Case study: Crashing project crash • Workshop assignment

T: +971 4 335 2437 F: +971 4 335 2438 E: register@iirme.com W: www.iirme.com/costcontrol

Certificate In Cost Control And Management 23 – 26 March 2014, Dusit Thani Hotel, Dubai UAE 7 – 10 September 2014, Radisson Royal Hotel, Dubai, UAE

FIVE WAYS TO REGISTER +971 4 3352437

IIR Holdings Ltd. P.O Box 9428, Dubai, UAE

+971 4 3352438

register@iirme.com

www.iirme.com/costcontrol

DISCOUNTS AVAILABLE FOR 2 OR MORE PEOPLE CALL – +971 4 3352483 E-MAIL – a.watts@iirme.com Event Certificate In Cost Control And Management (BC5333)*

Event Certificate In Cost Control And Management (BC5334)

BC5333 / BC5334

Date

Course Fee Before 5 January 2014

Course Fee Before 26 January 2014

Final Fee

23 – 26 March 2014

US$ 3,995

US$ 4,495

US$ 4,795

Date

Course Fee Before 22 June 2014

Course Fee Before 13 July 2014

Final Fee

7 – 10 Sept 2014

US$ 3,995

US$ 4,495

US$ 4,795

Would you like to run this course in-house?

Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive an IIRME Certificate of Attendance.

Any complaints, grievances or suggestion regarding CPE credit may be addressed to email: grievance@south-asian.org.

DELEGATE DETAILS

Save training $$ and create learning experiences relevant to your business. To customise this course and increase value and impact, contact Leigh Kendall on +971 4 407 2624 or email the team at cts@iirme.com All registrations are subject to our terms and conditions which are available at www.iirme.com/terms. Please read them as they include important information. By submitting your registration you agree to be bound by the terms and conditions in full.

Payments

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A confirmation letter and invoice will be sent upon receipt of your registration.

Please note that full payment must be received prior to the event. Only those delegates whose fees have been paid in full will be admitted to the event. You can pay by company cheques or bankers draft in Dirhams or US$. Please note that all US$ cheques and drafts should be drawn on a New York bank and an extra amount of US$ 6 per payment should be added to cover bank clearing charges. In any event payment must be received not later than 48 hours before the Event. Entry to the Event may be refused if payment in full is not received.

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Cancellation

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If you are unable to attend, a substitute delegate will be welcome in your place. Registrations cancelled more than 7 days before the Event are subject to a $200 administration charge. Registration fees for registrations cancelled 7 days of less before the Event must be paid in full. Substitutions are welcome at any time.

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COMPANY DETAILS

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No. of employees on your site: 1000+

500-999

250-499

50-249

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Delegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible.

Visas for non-GCC nationals may take several weeks to process.

All registration(s) are subject to acceptance by IIR which will be confirmed to you in writing.

Due to unforeseen circumstances, the programme may change and IIR reserves the right to alter the venue and/or speakers.

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Event Venue To assist us with future correspondence, please supply the following details:

Dusit Thani Hotel, Dubai, UAE Tel: +971 4 343 3333

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Radisson Royal Hotel, Dubai, UAE Tel: +971 4 308 0000

Accommodation Details

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We highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the IIR Hospitality Desk for assistance on: Tel: +971 4 4072693 Fax: +971 4 4072517 Email: hospitality@iirme.com

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