Analyzing Cost Data for Management ON DEMAND

Overview

Analyzing Cost Data for Management covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. The course is designed for managers and entrepreneurs who need hand-on knowledge and tools in processing, developing, and analyzing financial, cost, and business data for managerial use. Topics include strategic cost management, analysis of costs; break-even and contribution analysis; cost behavior analysis; activity-based costing (ABC); responsibility accounting and corporate balanced scorecard (CBS); budget for profit planning; short-term decisions; capital budgeting.

Highlights

Introduction to Management Accounting. Accumulation of Costs - Job Order Costing. Break-Even and Cost-Volume-Profit Analysis. Budgeting for Profit Planning and Financial Modeling. Performance Evaluation, Transfer Pricing, and Decentralization. Long-Term Investment and Capital Budgeting Decisions.

Prerequisites

None.

Designed For

CPAs, auditors, consultants, and financial and managerial professionals.

Objectives

Recognize the concerns of management accounting. Recognize the function of management in planning, controlling and decision making, and the role of financial management. Identify some popular certificates that recognize expertise in the fields of cost/managerial accounting and internal auditing. Identify examples of each of the basic cost elements involved in the manufacture of the product. Recognize various cost concepts and differentiate between the traditional income statement and the contribution income statement, and more.

Preparation

None.

Notice

None.