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Cost Control Process and Management

Cost Control Process and Management

By Studyhub UK

5.0(2)
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Highlights

  • On-Demand course

  • 2 hours 8 minutes

  • All levels

Description

Welcome to the world of cost control and management, where every penny counts! Our Cost Control Process and Management course is your gateway to mastering the art of managing and optimizing expenses in any business setting. As you embark on this journey, you'll explore the fundamentals of cost control, understanding how it plays a pivotal role in driving profitability and efficiency. Delve into the intricacies of the cost control process, where you'll learn essential techniques for monitoring costs, conducting production control, and implementing checks to keep your finances on track. By the end of this course, you'll be equipped with the skills and knowledge to ensure that every pound spent is a pound well-invested.

Learning Outcomes

  • Gain a comprehensive understanding of the principles and fundamentals of cost control.
  • Explore the cost control process, from budgeting to variance analysis.
  • Learn how to conduct effective production control and quality tests to optimize costs.
  • Master the art of monitoring expenses using detailed reports and checklists.
  • Acquire the skills needed to make data-driven decisions that positively impact a business's bottom line.

Why choose this Cost Control Process and Management course?

  1. Unlimited access to the course for a lifetime.
  2. Opportunity to earn a certificate accredited by the CPD Quality Standards and CIQ after completing this course.
  3. Structured lesson planning in line with industry standards.
  4. Immerse yourself in innovative and captivating course materials and activities.
  5. Assessments designed to evaluate advanced cognitive abilities and skill proficiency.
  6. Flexibility to complete the Course at your own pace, on your own schedule.
  7. Receive full tutor support throughout the week, from Monday to Friday, to enhance your learning experience.
  8. Unlock career resources for CV improvement, interview readiness, and job success.

Who is this Cost Control Process and Management course for?

  • Aspiring entrepreneurs aiming to manage their businesses' financial health.
  • Business professionals looking to enhance their financial management skills.
  • Students and graduates seeking to specialize in cost control and management.
  • Anyone interested in understanding the art of optimizing expenses in any business context.
  • Finance enthusiasts eager to make a significant impact on profitability and efficiency.

Career path

  • Cost Analyst: £25,000 - £45,000
  • Financial Controller: £35,000 - £75,000
  • Operations Manager: £30,000 - £65,000
  • Management Accountant: £28,000 - £55,000
  • Financial Manager: £40,000 - £80,000
  • Chief Financial Officer (CFO): £65,000 - £150,000

Prerequisites

This Cost Control Process and Management does not require you to have any prior qualifications or experience. You can just enrol and start learning.This Cost Control Process and Management was made by professionals and it is compatible with all PC's, Mac's, tablets and smartphones. You will be able to access the course from anywhere at any time as long as you have a good enough internet connection.

Certification

After studying the course materials, there will be a written assignment test which you can take at the end of the course. After successfully passing the test you will be able to claim the pdf certificate for £4.99 Original Hard Copy certificates need to be ordered at an additional cost of £8.

Course Curriculum

Introduction & Fundamentals
Introduction and Fundamental Terms 00:09:00
Fundamental terms - Perishable / Non Perishable cost, Inventory Terms 00:05:00
Qualities of Good Cost Controller 00:07:00
Cost Control process
Cost Control Process and Controls related to Purchasing 00:10:00
How to estimate Kitchen food Order Process Simplified 00:06:00
How to Setup Store PAR for to identify re-order levels 00:06:00
Basic Receiving Process Controls 00:07:00
Basic Store Process controls 00:08:00
Production Control and Tests
Production Controls 00:05:00
Recipe Card & Controls 00:08:00
Buffet Costing and Menu Pricing 00:08:00
Test and Checks in Cost Control
Butcher test 00:09:00
Bar Spot Checks and Recipe Testing 00:06:00
Production Control Via Menu Engineering 00:08:00
Slow and Non Moving Inventory 00:03:00
Monitoring via reports and Checklist
Daily & Monthly Food Cost Reports 00:11:00
Menu Engineering Reports 00:09:00
Cost Control Checklist 00:03:00
Assignment
Assignment - Cost Control Process and Management 00:00:00

About The Provider

Studyhub UK
Studyhub UK
London, England
5.0(2)

Studyhub is a premier online learning platform which aims to help individuals worldwide to realise their educational dreams. For 5 years, we have been dedicated...

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