Cost determination and performance management - Webinar 2026

HRD Corp Claimable Course (T&C applies*)
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Webinar sessions:
Session 1: 9:00am - 12:00pm;
Session 2: 2:00pm - 5:00pm.

This webinar will provide finance professionals, accountants and managers with practical knowledge on determining product and service costs and using cost information to manage organisational performance. The training covers cost classification, costing techniques, budgeting, variance analysis and performance measurement frameworks to help organisations improve profitability and operational efficiency.

Key topics covered:

Introduction to cost determination 

• Importance of cost information in decision making
• Types of costs: fixed, variable, semi-variable, direct and indirect
• Cost behaviour and cost drivers
• Cost accumulation and cost assignment
• Examples from manufacturing and service organisations

Costing methods and techniques 

• Job costing
• Process costing
• Activity-Based Costing (ABC)
• Overhead allocation methods
• Determining product or service cost
• Practical costing example

Budgeting and cost control 

• Role of budgeting in cost management
• Types of budgets: operating, cash, flexible budgets
• Standard costing concepts
• Variance analysis (material, labour, overhead)
• Using variance analysis for performance improvement

Performance management and measurement 

• Linking cost information to performance management
• Key Performance Indicators (KPIs)
• Financial performance measures (profit margin, ROI, cost ratios)
• Non-financial performance measures
• Balanced Scorecard approach
• Participants will design effective performance measurement systems.