Managerial Accounting
Scope of Training
The aim of this training programme is to provide participants with the concepts, theory and practice of the cost-control function of management. Participants will learn what information is needed within an organisation; where to obtain this information; and how managers can use this information to plan, control and make decisions. Topics include cost behaviour and forecasting, capital budgeting, activity-based costing and management, costs of quality and productivity improvement programs, cost-volume analysis, tactical decision making and transfer pricing.
Target Audience
- Functional Managers
- Financial Managers
- Decision Makers
Course Objectives & Benefits
By the end of the training programme, participants should be able to:
- Understand the differences between financial and managerial accounting
- Calculate costs in a job order and a process cost accounting system and understand how the costs flow through the system
- Understand the types of costs and how they behave in order to calculate cost-volume-profit relationships
Course Details
- Duration: 2 weeks
- Contact hours: 12 hours
- The course consists of 4 sessions of 3 hours each
- The sessions will be held twice a week in the afternoon
- Successful candidates will be awarded a Certificate of Competence
- Content: 4 topics
Topic 1: Introduction to Managerial Accounting – Cost Behaviour and Forecasting
Topic 2: Activity-based Costing and Management
Topic 3: Capital Budgeting and Cost-Volume Analysis
Topic 4: Tactical Decision Making and Transfer Pricing