UNDERSTANDING COSTING
TECHNIQUES AND PRICING
DECISIONS
PROGRAM OBJECTIVES:
6 & 7 November 2014
Melia Hotel Kuala Lumpur
ON COMPLETION OF THE SEMINAR, THE PARTICIPANT
SHOULD BE ABLE TO:
•
DESCRIBE COSTS BY CLASSIFICATION;
•
IDENTIFY APPROPRIATE COST ELEMENTS;
•
EXPLAIN AND UNDERSTAND THE ROLE OF
MANAGEMENT ACCOUNTING WITHIN AN
ORGANIZATION AND THE IMPORTANCE FOR THE
REQUIREMENT OF MANAGEMENT DECISION MAKING
INFORMATION
•
DEMONSTRATE KNOWLEDGE AND APPLICATION OF
THE PRINCIPLES OF MANAGEMENT ACCOUNTING, IN
PLANNING, MONITORING, PRICING, AND VARIOUS
DECISION MAKING PROCESSES, THAT ARE DEEMED
TO REDUCE RISK FACTORS RELATED TO THE
ORGANIZATION
BIG BERRY CONSULTING SDN BHD
H-01-06, Jalan PPK 1, Pusat
Perniagaan Kinrara, Persiaran Kinrara,
Seksyen 03, Taman Kinrara, 47100,
Puchong, Selangor Darul Ehsan.
www.bigberryconsulting.com
Tel: +6(03) 8079 0904/8079 0905
Fax: +6(03) 8079 0903
PROGRAM INTRODUCTION
Every company’s survival and progress, depends on the basis of proper estimation of its costs and
estimation of product or service pricing. Every cost conscious executive, specific project manager, cost
estimator, or organization is in need of improving their cost estimation success. This seminar endeavors
to illustrate and explain how to develop costs and how they can be used not only to estimate the product
cost, but also how to use them to determine a competitor's likely bid price. It explores the estimating
methods typically used to estimate costs and explains the advantages and disadvantages of each,
demonstrate several estimating methods, and includes a cost estimating methodology that participants
can tailor to their own organizational needs.
PROGRAM OUTLINE
PROGRAM OUTLINE
DAY 1
SESSION 1
 Role of management and function
 Cost data and information for decision making
process
 Cost behaviour
SESSION 2
 Absorption costing
 Overhead
allocation,
apportionment
and
absorption
 Product cost (pricing) based on absorption
costing
SESSION 3
 Activity based costing (ABC)
 Product cost (pricing) based on ABC
 ABC versus Absorption costing
SESSION 4
 Marginal costing
 CVP analysis
 Product cost (pricing) based on marginal
costing
 Marginal costing versus absorption costing
DAY 2
SESSION 6
 Other costing techniques
 (Job, Batch, Contract, Service, Process costing)
SESSION 7
 Forecasting
 Budgetary process
SESSION 8
 Standard costing
 Variance analysis
SESSION 9
 Pricing (importance, factors affecting pricing)
 Price elasticity
 Full cost plus pricing
 Marginal cost plus pricing
 Opportunity cost
 Fixed price tenders
TRAINING METHODOLOGY
Lectures, power-point presentation, case studies, participants’ interaction
TRAINER PROFILE
Hari Ramulu Munusamy is a Business Financial Consultant cum Lecturer with wide
experience in public practice and in financial, management & public sector
accounting, auditing and taxation educational process, having been in the profession
and industry since October 1976. He started his career with Messrs F.H.Eiles & Co., a
firm of Chartered Accountants in London as an Audit Assistant in October 1976.
Subsequently, he continued his career as an Audit Supervisor with Messrs Coopers &
Lybrand (now known as PricewaterhouseCoopers), Kuantan in May 1984. In January
1986 he joined Messrs Senthe & Co (a firm of Chartered Accountants in private
practice in Petaling Jaya), as an Audit Manager, till Decemb er 2006.
Over the years, he gained knowledge, experience, skills and expertise in accounting, auditing and
taxation services including tax investigation, forensic accounting and company floatation. Between 1993
www.bigberryconsulting.com
and 2006, he had conducted seminars and courses in financial accounting, internal auditing, external
auditing, and taxation to practitioners and general public.
Notable and worthy of mention are: taxation seminars for Permodalan Nasional Berhad (PNB), auditing
for FELDA, forensic accounting for ROYAL CUSTOMS MALAYSIA, and executive accounting and financial
statements analysis course for Pahang ADUNs through Yayasan Pahang. He is deemed to be a prolific
presenter with excellent commendations from participants. In 2007 he presented seventeen seminars
relating to taxation, costing, budgeting, financial statements analysis, accounting standards, preparation
of financial statements, and forensic accounting.
Professionally, he is a Fellow member of the Association of Chartered Certified Accountants of UK, a
Chartered Accountant of the Malaysian Institute of Accountants, an Associate member of the Malaysian
Institute of Taxation, an Associate member of the Institute of Internal Auditors of Malaysia (affiliate of
USA), and an Associate member of the Certified Fraud Examiners of USA.
WHO SHOULD ATTEND
Cost and Accounts’ Executives, Managers, Directors, Planners and Analysts
www.bigberryconsulting.com
FORMULIR PENDAFTARAN
(Understanding the Costing Techniques & Pricing Decisions)
2 - Day training @ RM 1, 400.00 per
delegate
Company:
_________________________________________
Address:
_________________________________________
Early Bird Discount @ RM 1, 300.00
per delegate
Fax in your registration before Friday,
17 October 2014 to enjoy the Early
Bird discount
Group Discount 10% for 3 or more
participants
Tel / Fax:
_________________________________________
Email:
_________________________________________
Contact Person:
_________________________________________
Designation:
_________________________________________
Participant 1:
_________________________________________
Designation & Email: _________________________________________
Participant 2:
_________________________________________
Designation & Email:
_________________________________________
Method of payment:
Participant 3:
_________________________________________
Crossed Cheque / bank draft to be made payable to
"BIG BERRY CONSULTING SDN BHD" and courier to Designation & Email: _________________________________________
H-01-06, Jalan PPK 1, Pusat Perniagaan Kinrara,
Persiaran Kinrara, Seksyen 03, Taman kinrara,
47100, Puchong, Selangor Darul Ehsan
Please Complete this form and
FAX it to: +6(03) 8079 0903
Registration closes on Wednesday, 5 November
2014.
The Invoice Should be Directed to Mr / Ms (Dept):
Name:
_________________________________________
Nature of Business: _________________________________________
Name of
Authorising Manager:_________________________________________
_________________________________________
Title:
Department:
_________________________________________
Cancellations & Substitutions:
Cancellations of registrations must be made in writing. If
cancellations
received
one
week
before
the
event
i.e. 30 October 2014 you will be entitled to a 50% refund.
Due to contractual commitments no refund, will be made after
31 October 2014; however a complete set of documentation
will be sent to you. Substitutions are welcomed at any time.
Note: It may be necessary for reasons beyond control, to
change the content and timing of the event, speaker(s) or
venue, every effort will be made to inform the participants of
the change.
Please contact Nadarajan or Fara at
Tel: +6(03) 8079 0904
+6(03) 8079 0905
Or email
[email protected]
[email protected]
www.bigberryconsulting.com
__________________________________
Signature & Company Stamp