Marginal Costing – Cost Profit Analysis

23 Aug, 2021, Virtual Classroom Training

IPA Training is Registered with

Learn from the Best

TAN KOK TEE
DBA, MBA-Finance, FAIA, MIPA,
MCCS, ACTIM,
International Accountant (UK),
Public Accountant (Aust.)
Certified Company Secretary.
HRDF Certified Trainer
Registered GST Agent.

 

MR. TAN KOK TEE has 40 years of working experience in Accounts & Financial, Strategic and General Management field. He has held a variety of leadership and senior management roles in various organizations, starting in the Accounts & Finance Department until CFO level and the last being Group Chief Executive Officer. More than half of these times were spent in the Manufacturing, Marketing & Distribution and Services organizations.

 

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 (M) 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 (HRDF) Train The Trainer Certificate since 2009, a GST Agent registered with MOF & Holder of the GST MyGCAP certificate from RMCD and a Life Member of the Malaysian Institute of Directors.

 

Mr. Tan has been involved in Advisory, Training and Facilitation since beginning 2009. To-date he has conducted about 400 training workshops throughout Malaysia on topics on Budgeting & Cashflow Planning; GST; SST; Practical Accounting for Accounting Staffs; Reading, Analyzing and Interpreting Financial Statement; Accounting and Finance for Non-Finance Managers; Customers Credit Evaluations and Collection Strategies; Incoterms, LC Operations and Trade Financing; Reinventing the Strategic Planning and Management and Financial Statement Hands On Application to MBRS, for both in-house as well as public..

 

Among the organizations that Tan Kok Tee has been providing training for, include Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, CPA Australia, Malaysian Institute of Chartered Secretaries and Administrators, Selangor State Human Resource Development Centre (SHRDC), Negeri Sembilan State Skills Development Centre (NSSDC), Penang Skill Development Centre (PSDC), NGOs and many others public training providers.

 

His other clients include Shin Yang Group, MIRI, Bintulu Port, Deleum Bhd., Boustead Plantation Bhd., Takahata, FBK Manufacturing, Brothers Industries, Integrated Logistics, Mega Logistics, Chung Hwa Picture Tubes, Ohara Melaka, Safran Aerospace, NEC Corp. of Malaysia, Kobe Precisions, Tecktronic & Sons Holdings, Julie’s Biscuits, Ornapaper Melaka, Sunway University, Sime Darby Properties, Lion Group and many more.

 

To-date Mr. Tan has trained more than 15,000 Executives. He combines a wide range of practical and hands-on training experience in lively and challenging interactive training sessions.

 

He also developed and delivered an entrepreneurship program specially designed for MBA students from GC University, Pakistan in collaboration with Sunway Education Group for period 2010 to 2014 and was an invited speaker for the Asian Financial Controller’s Congress in 2009, 2010 and 2011.

Venue Details

Virtual Classroom Training

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
  • MARGINAL COSTING - COST VOLUME PROFIT ANALYSIS
  • HANDS ON PRACTICE & DISCUSSIONS
INTRODUCTION

Costing Provides Data For 3 Major Purposes:

  1. Planning And Control Of Routine Operations
  2. Non-Routine Decision Making
  3. Assets Valuation And Income Determination.

The Information Issued By A Costing System Is Hence Used By Management For A Variety Of Purposes, including:

  • Fine-Tuning Operations To Generate Higher Profitability.
  • Deciding Where To Cut Costs In The Event Of A Business Downturn.
  • Matching Actual Costs Incurred Against Standards / Budgeted Cost Levels For Control Purposes
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Increasing And Enhancing Your Costing Knowledge At Work.
  2. Implementing Initial Necessary Cost Down Actions.
  3. Managing Product And Organizational Cost More Holistically.
  4. Strengthening Your Organization’s Costing System.
  5. Taking Continuous Strategic Role In Cost Control.
WHO SHOULD ATTEND
  • Entrepreneurs
  • General Managers
  • CFO, Financial Managers, Cost Accountants
  • Costing Executives, Officers, clerks and staffs
  • All new Accounting Staffs
  • Production Managers and Executives
  • Sales and Purchasing Managers and Executives
  • Any other managers, executives, supervisors and staffs who are involved in the company’s costing matters or are interested to learn about business costings.
METHODOLOGY
Interactive lectures and facilitations for hands on assignments.
COURSE CONTENT
9:00

MARGINAL COSTING - COST VOLUME PROFIT ANALYSIS

  • Cost behavior
    - Fixed
    - Variable
    - Semi - Fixed
  • Notional Cost
  • Contribution
  • Breakeven point for single products and mixture of products.
  • CVP Analysis model from Economist and Accountant’s perspective
  • Target Profit
  • Margin of safety
  • Operating Gearing and its effect on profit
  • Problem and weakness of breakeven analysis.
  • Application of Contribution for decision making
    - Assessing opportunities to enter contracts
    - Use of scarce resources
    - Make or buy decisions
    - Cease or continue decisions


1:00 Lunch
2:00

HANDS ON PRACTICE & DISCUSSIONS

  • Assignment 1
    - To give up existing product or not
    - Viable to do new product in place of the given up product or not.
  • Assignment 2
    - With constraint resource what product mix to produce
    - Max price can pay to go for outsource of products that can’t be produce due to constrain in resources.
  • Assignment 3
    - Determine price for product to be equally profitable in a product mix for company to sell any of them.
    - Maximum overtime premium to be paid to work beyond its basic time.
  • Assignment 4
    - Prioritization of products to be mad
    - Max price to pay for temporary increase of resource to meet desired productions
    - Other options
5:00 End of Course