EVENT DESCRIPTION

In this seminar, participants will gain a deeper understanding of key management accounting concepts, the broad variety of management accounting information available within an organization, as well as key decisions that are impacted by management accounting. Participants will gain the knowledge and skills needed to be able to address issues and communicate with others. Throughout the seminar, participants will apply their learning through case studies and will emerge from this seminar with a solid grasp of such concepts such as different types of costs and cost behaviours, job order and activity-based costing, decision-making using management accounting information, and much more.

What You Will Learn

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

  • Describe the management accounting information available within an organization and explain how it is used
  • Explain how management accounting can impact decision making such as whether to make or buy, add or drop, as well as scarce resource allocation
  • Identify and predict costs within the organization to begin the process of accurately forecasting their impact on decisions
  • Use the Balanced Scorecard model to provide a more complete organizational evaluation of performance and strategy implementation
  • Describe the different types of budgets used by organizations and advise when each should be used
  • Interpret and communicate financial data to non-financial managers

What Topics Are Covered

  • Types of costs and cost behavior
  • Job order and activity-based costing
  • Cost volume profit (CVP) analysis
  • Budgeting
  • Transfer pricing
  • Decision-making using management accounting information
  • Performance management (e.g., the balanced scorecard, value chain analysis)
  • Communication with non-financial managers

Who Will Benefit

Professionals interested in a refresher on key concepts and decisions using management accounting information.