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Effective Costing and Budgeting Management - 28th Run

A company cannot plan unless it understands its costs. By understanding the various facets of the cost accounting process, managers and executives will be able to create an efficient cost analysis system to better control and measure an enterprise's business function and bottom line. 

The Effective Costing & Budgeting Management workshop is designed to discuss the main features of cost and management accounting and its applications in a business enterprise. It is essential for managers and executives of a firm to know how cost accounting information can be organised, so that quality decisions can be made. 

As the focus is on the decision-making process, participants will not be required to understand the book-keeping process and the preparation of financial statements. Instead, upon completing the workshop, they will gain the know-how to apply various analytical techniques to make quality decisions.

 Key Topics

Overview of Cost & Management Accounting

  • Differences between financial accounting & management accounting
  • Differences between marginal costing & absorption costing
  • Concepts of relevant costs
  • Benefits of standard costing & budgetary costing

Budgeting & Variance Analysis

  • Interpretation, investigation & limitations: labour & materials

Cost Volume Profit (Break Even) Analysis

  • Cost behaviour
  • Fixed costs, variable costs & semi-variable cost
  • Break-even analysis
  • Contribution
  • Margin of safety

Short-term Decision-making

  • Decision criteria; applications
  • Acceptance of special contracts
  • Most efficient use of scarce resources
  • Make or buy decisions
  • Closing or continuance of a section/product

Activity-based Costing

  • Characteristics & applications
  • Activity-based costing with case studies
DATE Thu, 21 May 2020
TIME 09:00:00 AM - 05:00:00 PM
LOCATION Carlton Hotel Singapore, 76 Bras Basah Road, S(189558)
COST $398 nett per participant (inclusive of course materials, certificate of participation, buffet lunch, tea breaks & refreshments)
PAYMENT METHODS Cheque, bank transfer or cash
Register Online or Download Registration Form and email/fax to

Complete registration form below and submit.

Look out for confirmation email with soft copy invoice.

Remit payment by cheque, bank transfer or cash to TAKX Solutions Pte Ltd.

Look out for reminder email closer to workshop date.
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* Upon receipt of registration, any cancellation must be confirmed in writing, and will be subject to a 10% administrative charge. If notice of cancellation is received less than 5 working days before the course date, or if participant fails to show, participants will be invoiced for the full fee. However, substitutes will be allowed. TAKX Solutions Pte Ltd reserves the right to cancel/postpone the event or change the venue/date/time of the workshop in view of unforeseen circumstances.