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Course Contents, Concepts and IssuesDay 1 - Cost management and Strategy; with a Review of Key Cost Concepts The use of cost management information The issue of ?costing? Creating cost-aware organizations Review of some key cost concepts Product vs. Period costs Direct and Indirect Costs Cost behaviour: Fixed and Variable Costs Problems and Examples Day 2 - Different Approaches to Costing Absorption (Full) vs. Variable costing Under-costing and over-costing: the consequences for profitability How to refine a costing system? Activity-based costing (ABC) and cost-management Cost hierarchy & Cost drivers Linking resources, activities and management Introducing Activity-based management (ABM) Linkages between ABM and ABC ? monitoringDay 3 - Different Approached to Budgeting Fixed and flexed budget (static and flexible budget) Rolling budget Zero based budgeting Activity based budgeting Master budget From costing to budget: interpreting variances (variance analysis) Integrate continuous improvement into variance analysis. Innovative Budgeting in Credit Crunch and Economic Recession Problems, Case Study and Exercises Day 4 - Cost Planning and Pricing Decisions: Life-Cycle-Costing, Target Costing and Target Pricing Linking process development to costing Target costing, target pricing and its implications The three major influences on pricing decisions Distinguish between cost incurrence and locked-in costs Cost plus approach to pricing Value creation Problems, Case Study and Examples Life cycle product budgeting and costing to assist in pricing decision Problems, Case study and Examples Day 5 - Control Systems and Performance Measurement Financial and non-financial measures of performance Design an accounting-based performance measure Understand ROI, RI and EVA Strategic performance measurement: Balanced scorecard New role for managers and management accountants in designing incentive systems Case, problems and ExamplesDay 6 - Bank?s Departmental Control Daily Cost Control of Debit and Credits Original Entry Ticket ? Departmental Proof Sheet Original Entry Journal The LedgerDay 7 - Bank?s Permanent Cost Control of Resources and Liabilities The importance of Resource Items, incorporating departmental records, in cost control: viz. Records of loans and discount transactions Record of Securities Owned Record of accounts maintained with other banks The importance of Liability Items, incorporating departmental records, in Cost Control: viz. Record of Deposit Liability Record of Income and Expenses Record of Capital Stock The Daily Balance Book The Daily Condition Book/ Sheet Departmental Journal or BlotterDay 8A - Bank?s Advanced Accounting and Budgeting Basil Capital Accord (Basil II)and Capital Budgeting Relationship between Basil ll and International Accounting Standards (IAS) UK banks trim tech spending: A Case Study Report The Use of SAP in the Banking IndustryDay 8B - Introduction to Financial Risk Management Risk: A Working Hypothesis Defining Risk ? Generally Financial Risk: A Plausible Definition Financial Risk in an Organisational Setting Financial Risk and ?Market Dynamics? Liquidity Risk Operating Risk Fraud Risk Settlement Risk Corporate Strategy and Risk ManagementDay 9 - Introduction to Financial Risk Management Financial Risk Settings: A Meta-Analytical Exploration Risk in Financial Institutions Banking Risk Risk and the Currency Market Risk and the Equity Market Futures Market Risk Derivatives - The Financial Futures Markets Interbank Lending and the Element of Trust Analysing the 2008 Credit Crunch Stop Loss Mechanism as a Cost Control and Risk Management MeasureDay 10 - Risk Budgeting in Financial Institutions Risk Budgeting: The Next Step of the Risk Management Risk Budgeting Journey - The Veteran's Prospective Crisis and Risk Management Risk Budgeting: Managing Active Risk at the Total Fund Level The Dangers of Historical Hedge Fund Data Value-at-Risk for Asset Managers Risk Budgeting fore Pension Funds and Investment Managers using VAR Risk Budgeting for Active Investment Managers Risk Obsession: Does it Lead to Risk Aversion? Market Neutral and Hedged Strategies The Infrastructure Challenge: Empowering the Stakeholder through the SuccessfulDeployment of Technology and Data

Course Contents, Concepts and IssuesDay 1 - Cost management and Strategy; with a Review of Key Cost Concepts The use of cost management information The issue of ?costing? Creating cost-aware organizations Review of some key cost concepts Product vs. Period costs Direct and Indirect Costs Cost behaviour: Fixed and Variable Costs Problems and Examples Day 2 - Different Approaches to...

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