Practical Costing Knowledge for Non-Costing Managers and Executives

Costing is a fundamental management tool that serves three core purposes: • Planning and control of routine operations • Non-routine decision making • Asset valuation and income determination The insights generated by a costing system empower management to make informed decisions across a wide range of business situations, including: • Identifying opportunities to improve operational efficiency and drive higher profitability • Determining where and how to reduce costs when facing a business downturn • Benchmarking actual costs against standards or budgets to maintain effective financial control Objective By the end of this workshop, participants will be able to: • Classify different cost types, costing bases, and costing methods with confidence • Analyse cost variances to drive cost reduction initiatives and support informed decision making • Measure product and organisational costs more comprehensively and holistically • Design and organise an effective costing system suited to their organisation's needs • Drive a continuous and strategic role in cost control within their organisation Course Requirement • Stable Internet Connection • Webcam and Earphones Practical Costing Knowledge for Non-Costing Managers and Executives HRD Corp Claimable (SBL-Khas) Course Content Module 1: Introduction • What is Costing and Cost Drivers • Cost Components in a Product • Different Costing Methods • Difference between Cash and Non-Cash Cost • Costing Impact on P&L Account and Balance Sheet • Benefits of Costing to Business Module 2: Knowing the Cost Fundamentals • Cost Classifications and its Calculations o Direct and Indirect Cost o Variable and Fixed Cost o Product Costing o Conversion Cost o Inventory Valuation o Inventory Valuation Methods • Direct and Indirect Production Overhead • Indirect Production Overhead Allocation - Apportionment and Absorption • Abnormal Cost or Gain and Idle Labour Treatment Module 3: Standard Costing & Variance Analysis • Setting of Standards o Types of Standards o B.O.M Determination • Variance Analysis for Sales, Direct Material, Direct Labor and Overhead o Material Volume, Price and Yield o Labor Efficiency and Rate o Direct Overhead Spending and Efficiency o Indirect Overhead Efficiencies o Operating Expenses Efficiencies Module 4: Marginal Cost for Decision Making • Definition and Cost Classification • Contribution / Sales Ratio • Breakeven Point Analysis for Single and Multiple Product Mix • Other Decision on Special Order / Extra Capacity / Constrain Resources, Buy or Outsource, etc. Module 5: Process / Batch / Hybrid / Job Costing • Features • Treatment Process Loss, Scrap and Wastage - Normal and Abnormal. • Joint and By-Product When & Where 17 August 2026 (Monday) 9.00 am to 5.00 pm Remote Online Training - Zoom Who Should Attend Entrepreneurs, GMs, Cost Accountants, New Accounting Personnel, Production Managers, Sales and Purchasing Managers and all other personnel who are involved in the company’s costing matters Training Investment RM 800 per participant (inclusive of Service Tax, Online Course Materials, E- Certificate of Attendance) Group Promo: Save 15% Register min. 3 pax for RM 680 per pax (Normal Rate: RM 800) HRD Corp Claimable (SBL-Khas) Trainer's Profile Tan Kok Tee Kok Tee has over 40 years of experience in financial, strategic and general management. He has held a variety of leadership and senior management roles in various organizations, the last being Group Chief Executive Officer. More than half of this time are spent in the Manufacturing, Marketing & Distribution and Services organization, including those with the then Inchcape Timuran Berhad, Metroplex Berhad, Perdana Industries Berhad. He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Certified Commercial Accountant, (M); Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries; holds a MBA in Finance from Charles Sturt University, Australia and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA. He is also a Certified Trainer with PMSB’s Train The Trainer Certificate since 2009, a GST Agent registered with MOF and a life member with the Malaysian Institute of Directors. Kok Tee has also been involved in training and facilitation on a part-time basis from 2009-2013, and full time from 2014 to now. To date, he has conducted about 300 training workshops, of which more than half are for GST related covering including GST Accounting for both in-house as well as public, including Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, Selangor state Human Resource Development Centre, Negeri Sembilan state Skills Development Centre, NGOs, political party as well as for various other training providers. He also developed and delivered an Entrepreneurship program (training) specially for MBA students from GC University, Pakistan in collaboration with Sunway Education Group for period 2010 to 2014. He was also an assessor for the UTAR’s NGO strategic planning program and an invited speaker for the Asian Financial Controller’s Congress in 2009, 2010 and 2011. Register HERE Other Programmes HERE Contact Us Carriera Academy Sdn Bhd www.carrieraacademy.com Tel: 017-3188539 (Steph) Email: trainings@carriera.com.my Carriera Academy Sdn Bhd