OVERVIEW
Focus of Cost Control is to make sure and see if the plan-program is done
accordingly or if it has difference, then we have to find out why? Cost
reduction may be needed when actual cost is under the budget soon after closely
analyzing and matching: the number-volume-quantity; timing phase; and dollars
different? Internal Control implementation must be from of “the top
management”, the President & CEO of the company shall be the first person
who shall declare the needs of “good governance” solution. Whenever Top
Management clearly instructed that the company’s operations and activities must
reflect business performance, then all executive management underneath will
case down to lower level of organization of the company for proper
implementation.
The Control is intended to assess and test the performance of the company
at all level transactions in each section of the functional organization. Upon
the assessment and testing then management will take action to cut the budget,
which means cost reduction opportunity, revision of the budget means is to
appreciate current performance and have corrected for next periods operations.
The weakest Control, as an example was experienced by Enron Company in USA
triggered the government agencies (Committee Of Sponsoring Organizations –
COSO), SEC to a recommendation that Internal control must be the responsibility
of the top management focus on: Control environment; Risk Assessment, Control
activities, Monitoring, and Information-communication phases, specifically on
the information and communication must be “top-down and bottom up” of all
business activities will eliminate such Enron’s case.
OBJECTIVES
This
training course will provide information, and tools to the participants the
urgency of good control-internal control has achieved reference that company
has run its operations effectively and efficiently in accordance with and in
compliance with company policies and procedures, PSC Agreement, BPMIGAS
budgeting procedures and financial manual procedures, system operating
procedures, Indonesian’s tax laws, and other decrees that may be interrelated
to PSC operations.
TARGET PARTICIPANTS
·
Operating managers
·
Field personnel
·
Project managers
·
Technology managers
·
Budget managers
COURSE CONTENTS