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Afrik Audit & Consulting SA – Cost and management Accounting for R&D

Afrik Audit & Consulting SA – Cost and management Accounting for R&D. This document contains 10 slides of Cost & Management Accounting solutions for laboratories and R&D institutions. Animated Object. WHAT OUR COMPANY DOES. Mgt Accounts preparation. Internal Auditing. Bookkeeping

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Afrik Audit & Consulting SA – Cost and management Accounting for R&D

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  1. Afrik Audit & Consulting SA – Cost and management Accounting for R&D This document contains 10 slides of Cost & Management Accounting solutions for laboratories and R&D institutions. AFRIK AUDIT & CONSULTING SA

  2. Animated Object WHAT OUR COMPANY DOES Mgt Accounts preparation Internal Auditing Bookkeeping & Accounting LIMS Accounting For laboratories Hiring & Placement Services Tax Advisory & consulting Afrik Audit & Consulting SA provides solutions to clients in the commercial, Industrial and Pharma industries. We assist business stay ahead of the competition through innovative and cost savings solutions. AFRIK AUDIT & CONSULTING SA

  3. Why you will love our costing & pricing solution: Totally editable & adaptable Prepared using MS Excel Full Economic Costing AFRIK AUDIT & CONSULTING SA

  4. INTRODUCTION 1 Challenges: Sustainability, Cost recovery, Overheads and Tracing 2 Approach used: Full Economic Costing, Activity & Process based 3 Outcome: Full understanding of costs drivers, Cost recovery 4 Sample templates: Costing, Recovery price, Recovery volume AFRIK AUDIT AND CONSULTING SA

  5. CHALLENGES FACED BY PHARMA AND R&Ds AFRIK AUDIT & CONSULTING SA

  6. PYRAMID OF MODULE Output • Cost reduction and recovery • Increased productivity due to time saved • Sustainable venture/services/projects Process based pricing Base • Full Economic costing • Activity & cost drivers • Protocols and processes COMPANY

  7. Implementation of Full Economic Costing model Local institutions International AFRIK AUDIT & CONSULTING SA

  8. VALUE OF THE MODEL 1. Time saved: Time saved in performing admin and pricing activities by scientists 2. Wastages: losses identified within the processes and activities not billed are included. 3. Increased: Productivity: Increased productivity and turnaround time for lab activities (assays and analysis). 4. Affordable: The model is affordable and good value for money. 5. Local Support: We are available locally to support local labs. COMPANY

  9. PICTURE SLIDE Determination of IDC This is done by identifying costs drivers and allocating them by category FEC used COMPANY

  10. PICTURE SLIDE Fringe Benefits This is done by identifying paid absences: Annual leave days, Sick leave days. FEC used AFRIK AUDIT CONSULTING SA

  11. PICTURE SLIDE Sample Budget template This template provides sliding scale pricing, discounts, margins, activity based costing and reconciles details to summary sheet above. FEC used COMPANY

  12. GOING GLOBAL LABORATORIES African Biotech International appeal for our model. Focus on African and South African Biotech. Cycle Training of more Accountants. AFRIK AUDIT & CONSULTING SA

  13. END Questions 15 Ranleigh park, HarfieldRd, Kenilworth, Cape Town www.afrikaudit.co.za Afrik Audit SA 021-838-2696 @afrikaudit_sa info@afrikaudit.co.za AFRIK AUDIT & CONSULTING SA

  14. Thank you for taking the time to go through our presentation. Please read more about us on www.afrikaudit.co.za AFRIK AUDIT CONSULTING SA

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