FormatechEdu

Course Outline


Advanced Management Accounting

Duration

12 Hours

Language

English

Summary

The following workshop will introduce participants to the principles and concepts of cost management while providing them with the basic understanding of management accounting tools and techniques. The learning concepts will be explained via case studies, exercises, and activities with direct application related to their jobs. Upon completion of the workshop, participants will complete an action plan.

Target Audience

This course will appeal to a wide range of audiences and is intended for accountants.

Skills Gained

Upon completion of workshop participants will be able to:

  • Introduce cost and management accounting concepts and principles
  • Provide an understanding of costing approaches
  • Provide a basic understanding of management accounting tools and techniques
  • Introduce decision making and performance evaluation techniques

Topics Covered

1.       Classification of cost

2.       Cost behavior

3.       Allocation of overheads

4.       Absorption and marginal costing

5.       Breakeven analysis

6.       Standard costing & variance analysis

7.       Decision making

8.       Budgeting

9.       Capital Budgeting

10.   Cost & Management accounting terminology

Methodology

  • Learning Concepts/Presentations
  • Group Activities and Discussions
  • Tips and Tools
  • Individual and Team Exercises
  • Role Plays/Case Studies
  • Educational Videos
  • Action Plan to ensure Application of the Learning