Description
This five-day practical training is designed to strengthen the technical and analytical capabilities of Costing, FP&A, and Performance professionals working in manufacturing and industrial environments. The course provides participants with a practical, structured, and IFRS-aligned approach to industrial costing, inventory valuation, standard versus actual costing, variance analysis, budgeting, forecasting, and performance measurement. Through real-life industrial case studies, hands-on Excel models, and interactive exercises, participants will learn how to translate costing data into meaningful insights that support operational efficiency, working capital optimization, cost control, and profitability improvement.
Learning Outcomes:
By the end of this course, participants will be able to:
- Understand industrial and manufacturing cost structures, including direct, indirect, fixed, variable, and mixed costs.
- Develop and manage standard and actual cost models.
- Perform material, labor, and overhead variance analysis.
- Analyze price, volume, mix, and yield variances and identify their root causes.
- Identify key cost drivers and apply contribution margin concepts.
- Apply IFRS principles to inventory valuation.
- Perform NRV, Days on Hand (DOH), obsolescence, and inventory provisioning analysis.
- Support budgeting, rolling forecasts, and performance reporting activities.
- Analyze and improve working capital in manufacturing environments.
- Build cost sheets, margin bridges, and EBITDA bridges for management reporting.
- Use performance dashboards and KPIs to support Costing and FP&A activities.
- Apply cost optimization and profitability improvement techniques.
- Translate costing and performance information into insights that support operational and financial decision-making.
Target Audience: Costing, FP&A, Finance, Accounting, and Performance professionals working in manufacturing and industrial environments, as well as employees involved in inventory valuation, budgeting, forecasting, cost control, performance reporting, and financial decision-making.
Course Information
Dates: 23 August – 27 August 2026 (5 Full Days)
Venue: Crowne Plaza Al Jubail
Training Room: TBD
Duration: 40 Hours (8 Hours per day)
Time: 8:00 AM – 4:00 PM
Training Provider: EuroMaTech
