Essential Management Accounting

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

COURSE DATES

COURSE REF: F69
Jun 11 '12 - Jun 22 '12
£5,500.00

TESTIMONIALS

"'I gained a wealth of new information and the multi-cultural environment was a true benefit.'"
Carlos Da Silva, Commercial General Manager BPC Brazil