Advanced Managerial Accounting for Strategic Decision-Making

Details

Managerial accounting plays a crucial role in providing financial insights that drive strategic decisions within an organization. This course delves into advanced concepts of managerial accounting, focusing on the use of accounting information for planning, controlling, and decision-making purposes. Participants will learn to analyze financial data, manage costs, and apply accounting techniques to enhance operational efficiency and support long-term strategic goals.

Target Group

Target Group:

• Financial managers and controllers
• Management accountants
• Business analysts and consultants
• Senior managers and executives involved in strategic planning
• Department heads responsible for budgeting and financial performance
• Professionals seeking to deepen their understanding of managerial accounting

Goals

• Understand advanced managerial accounting principles and their application in strategic decision-making.
• Learn techniques for cost management, budgeting, and financial analysis.
• Develop skills to use accounting information for planning, controlling, and performance evaluation.
• Gain expertise in analyzing financial data to support operational and strategic decisions.
• Enhance capabilities in implementing accounting tools to improve efficiency and achieve organizational goals.
• Understand the role of managerial accounting in aligning financial performance with business strategy.

Target Competencies

Targeted Competencies

• Proficiency in advanced managerial accounting techniques and tools
• Skills in cost management, budgeting, and financial analysis
• Expertise in using accounting information for strategic planning and decision-making
• Ability to measure and manage business performance effectively
• Knowledge of capital budgeting and investment decision-making
• Understanding of ethical considerations in managerial accounting

Outlines

Introduction to Managerial Accounting

• Overview of managerial accounting and its role in business decision-making
• Differences between managerial accounting and financial accounting
• The strategic importance of managerial accounting in organizations
• Case studies on the impact of managerial accounting on business success

Cost Management and Control

• Techniques for analyzing and managing costs
• Activity-based costing (ABC) and its applications
• Cost behavior, cost-volume-profit (CVP) analysis, and break-even analysis
• Practical exercises in cost management and analysis