High Impact Profit Planning Techniques For

Managers

 

This two-day highly interactive and practical programme aims to provide guidance and assistance to Managers who wish to add value to the organisations they serve. Day 1 covers Product and Service Costing; and, the CVP Profit Planning Model and its practical applications in business; while Day 2 concentrates more on other Profit Planning Techniques for Marketing and Production. Managers who are non-accounting savvy will find this programme highly relevant as it will give them an insight into the areas of greater interest to Senior Management.

 

Objectives

 

Upon completion of this programme, you will be able to:

  • Get an Overview of Managerial Accounting Techniques relevant to Management Planning, Decision Making and Control.
  • Compute the Cost of a Product or Service thus facilitating in mapping out Pricing Strategies.
  • Attain an Awareness of the CVP Profit Planning Model and its Applications in Business.
  • Gain an Understanding of other Profit Planning Techniques for Marketing and Production.

 

Who Should Attend

 

  • Executives
  • Managers
  • Senior Managers

 

Learning Outcome

 

At the end of this programme, you will have gained the following knowledge and learning, and be able to:

·          Map out more effective pricing strategies through the knowledge gained in determining the cost of a product or service.

·          Draw a break-even chart for board room presentation and find the minimum sales level to keep a business afloat.

·          Apply the CVP Profit Planning Model to perform a business simulation exercise.

·          Use the CVP Profit Planning Model to formulate strategies to turn around the performance of ailing companies or to enhance the financial performance of companies with dismal results.

·          Use the CVP Profit Planning Model to determine the minimum sales level to achieve a particular target profit.

·          Apply other managerial accounting techniques to help make better decision in the following:

o         Sales Mix

o         Special Order

o         Product Dropping

o         Plant Closure

o         Make or Buy

o         Product Mix

 

 

Programme Outline

 

Day 1

·          Overview of Cost Accounting Techniques

·          Principal Objective of Management Accounting

·          Responsibilities of a Management Accountant

·          The Importance of Product / Service Costing to the Formulation of Pricing Strategies

·          Analysis of Costs

·          Profit Planning using the CVP Model

·          Business Simulation Exercises

 

Day 2

·          Corporate Turnaround / Performance Enhancement Techniques

·          Important Concepts of Contribution Margin and Limiting Factors

·          Profit Planning Techniques for Marketing and Production

o         Sales Mix Analysis

o         Special Order

o         Product Dropping

o         Plant Closure

o         Make or Buy

o         Product Mix Analysis

 

Training Methodology

 

Lectures, class exercises, real-life case studies, small group and class discussions.

 

You are encouraged to bring along production flow diagrams; corporate brochures; and, other materials, for use in mapping out relevant strategies for performance enhancement attempts in your respective organisations.

 

Training Facilitator

 

Stanley O. N. Yap, MMIM, MIM-CPT

M.B.A.(U.K.), F.C.C.A.(U.K.), C.I.A.(U.S.A.), P.Dip.M.(U.K.), M.C.I.M.(U.K.)

 

 

Administrative Details

 

Fees:

MIM Member: RM1,300

Non-Member: RM1,600

 

Duration:

2 days

 

Time:

9:00 a.m. – 5:30 p.m.

 

Venue:

MIM Management House

Kuala Lumpur

 

 

PSMB Scheme:

  • SBL

 

CPD Hours:

  • 16