Cash Handling/ Financial Elements
You have been asked to prepare a PowerPoint presentation that summarizes the benefits of cost control. Included in the presentation should be the components of the cost control cycle. You will prepare a PowerPoint presentation (with speaker’s notes) that will be given at the next senior management meeting. Ideal length of time should be 20 minutes. The ideal presentation will highlight and summarize the need for cost controls. You should prepare a summary of the benefits of cost control then add the elements of the cost control cycle, and then finish the presentation with a recommendation. The presentation should be worthy of presenting to a manager in a meeting.
Address the need for and benefits of cost control.
Discuss the role of the menu in the cost control cycle.
Discuss the cost control cycle – Purchasing and Receiving
Discuss the cost control cycle –Storage and Issuing
Discuss the cost control cycle – Preparation and Production
Discuss the cost control cycle – Service and Receiving Payment
Discuss the cost control cycle – Analysis
Make a recommendation of at least three cost control measures to be implemented.
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