EVENT DESCRIPTION

Formerly Titled: “Management Accounting Refresher”

For professional accountants that have not exercised those management accounting muscles in some time (maybe since university), this course will help participants apply management accounting concepts to generate new ideas for problem solving.

Common associations with management accounting include cost accounting, break even analysis and variance analysis. However, management accounting concepts include so much more such as organizational behavior and employee motivation. It is exciting to learn that the world of management accounting includes, for example, research on workplace altruism by renowned Wharton School Professor Adam Grant. And at the center of all these concepts in management accounting is their application to creative problem solving.

In gaining movement back in those management accounting muscles by taking this course, participants will be able to generate more ideas on how to solve problems such as:

  • How to identify and classify costs for internal decision making
  • How to use cost behavior to help with budgeting and forecasting
  • How to more effectively communicate with non-financial managers (such as Sales, HR)
  • How to create incentives to align organizational strategy and employee motivations

Participants will work through problems, case studies and collaborate with their peers to discuss how they can use management accounting information and tools to help solve challenges within their organizations.

LEARNING OUTCOMES:

By the end of this course, participants will be able to:

  • Recall management accounting topics and terminology
  • Classify different organizational costs by cost behaviour and cost function
  • Arrange and evaluate cost volume profit (CVP) and relevant costing problems
  • Design approaches to relevant costing problems that align with the knowledge of key users
  • Identify different types of performance measurement and budgeting tools
  • Evaluate organizational strategy and key performance indicators (KPIs)
  • Interpret management accounting decisions for non-financial managers
  • Identify key trends in management accounting

TOPICS INCLUDE:

  • Welcome and Introduction
  • Decision Making and Costing
  • Cost Volume Profit Analysis
  • Relevant Costing
  • Performance Measurement and Budgeting
  • Communicating with Non-Financial Managers
  • Trends in Management Accounting and Conclusion

WHO WILL BENEFIT:

This course is targeted to professional accountants who are transitioning into a managerial accounting role (or responsibilities) and require a refresher of key concepts. The course has been designed to provide an overview of selected key topics in management accounting.