Details
This is a seminar that combines the knowledge of management practice and makes use of accounting information for decision making. It introduces a paradigm shift from the preparation of financial statements to actual relevant usage in day-to-day management activities. It examines the application of appropriate management accounting techniques and concepts in processing relevant accounting information and projected economic data of an entity to assist management in setting up reasonable economic objectives and in making rational decisions, performance evaluation, and control, towards the attainment of these objectives.
This wide-ranging two-day overview is designed to provide participants with a comprehensive view of the managerial accounting process; a view that serves as the backbone for crafting the sophisticated managerial accounting concepts and tools available to today’s accountants/or non-accountants into a management accounting process that will serve as a powerful, value-adding tool for their organization.
Outline
- Introduction to Managerial Accounting and Managerial Accounting Concepts
- Cost Behavior
- Job Order Costing
- Cost Volume Profit Analysis
- Standard Costing
- Responsibility Accounting and Performance Evaluation
- Short-Run Decision Making
- Capital Budgeting Techniques
- Profit Planning
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