Srbija Posted May 10, 2022 Share #1 Posted May 10, 2022 (edited) Finance controlling of Material costs MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz Language: English | Size: 5.17 GB | Duration: 5h 49m All you need to know about material cost controlling in a manufacturing environment What you'll learn Reporting of material costs (raw materials, packaging, consumables etc.) Proper inventory valuation according to IAS 2 Operational efficiency analysis (usage variance, recipe variance) Control over correctness and timeliness of financial postings related to material movements Materials' liquidity control and creation of necessary provisions Understanding of material module architecture in accounting systems: BOMs, storage locations, material types, material movements etc. Standard costing fundamentals; calculation of planned/standard costs Requirements Financial accounting fundamentals Passion for learning and desire to dive deep into manufacturing financials Description All the material objects that surround us are manufactured at production sites - factories and plants. In these places during the conversion process materials (raw materials, packaging, consumables etc.) are transformed into semi-finished products with the addition of labor, energy and equipment operation, and then into finished products. In general manufacturing businesses are material-intensive: the share of raw materials in total costs can reach 60-70%. That is why reporting, analysis, planning and control of material costs form an important set of tasks, that is critical for a modern enterprise. Financial controllers, analysts and production economists are the ones engaged in solving these tasks. Such specialists should have a wide range of skills and competencies, be familiar with variety of accounting systems, understand the scope of all plant departments, its responsibility areas and interrelations. In this course you will go through the following subject areas Typical configuration of the production site (factory layout) Architecture of material module in financial systems: storage locations, material types, material movements, etc. Standard/planned prices, principles of its calculation and the impact on the financial result (standard costing methodology) Analysis of purchasing activity, what is PPV (purchase price variance) Inventory accounting and stock value calculation in accordance with IFRS (IAS 2). The process of stock revaluation Analysis inventory turnover, calculation of necessary reserves (write-off provision) Types of inventory stock-takes, the role of the financial controller Assessment of the production operational efficiency using variance analysis: usage variance, recipe (BOM) variance Through the course you will live a 4-month business cycle of a confectionery factory. During this time, together with the plant, you will purchase materials, produce semi-finished products and finished goods, perform an annual stock-take, manage slow-moving inventories, analyze production efficiency and, of course, prepare and deeply analyze financial statements related to material costs. The course is ideal for everyone who works in manufacturing environment - first of all, financial directors and controllers of production sites, as well as anyone who is interested in this professional area. This course is not on accounting, but on controlling - nevertheless, it would be of value for accountants Who this course is for Finance controllers and CFOs of manufacturing companies and plants Finance business-partners and analysts Business planners; supply planners Material cost accountants All who are interested in factory finance Hidden Content Give reaction to this post to see the hidden content. Download from RapidGator Hidden Content Give reaction to this post to see the hidden content. Edited December 17, 2022 by Bad Karma Dead links removed Link to comment
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