Janet Weston

This course will explore cutting edge management accounting techniques and how they can transform an organisation's operations and prospects. Successful application of these techniques will help organisations achieve and sustain competitive advantage.

WHO SHOULD ATTEND

This highly stimulating course is designed for managers and finance professionals who wish to respond to the changing needs of the organisation. Also, to familiarise themselves with the concept and techniques of management accounting and its vital role in planning and implementing change for world-class performance.

COURSE PROFILE

• The purpose and concept of budgeting
• The relationship between budgets and costing information
• Evaluating management information systems to aid decision making
• Exploring alternative costing and accounting systems

-          Back-flush accounting

-          Throughput accounting

-          Absorption costing

-          Marginal costing

-          Process costing

• Advanced costing methods to develop a World-Class costing system
• Recent developments in activity based thinking
• Explore the construct of a cost of quality framework
• The use of cost accounting techniques for decision making

-          Life cycle costing

-          Marginal costing

-          Relevant costs

-          Pricing

• Advanced performance measures

-          Financial and non-financial performance measures

-          Balanced Scorecard

-          European Quality Foundation Model

SKILLS ATTAINED

At the end of the course delegates will be able to:

• Evaluating alternative costing methods
• Using financial information for decision making
• Setting key performance indicators
• Measuring performance in financial and non-financial terms
• Assessing the cost of quality
• Linking budgeting and costing