Managerial Cost Accounting for Decision Making

Designed for Controllers, CPAs, Internal Auditors, Management Accountants

One Day Program -- 8 CPE Credits

Description

Gain a basic overview of managerial cost accounting that covers cost accounting terms such as standard costs, types of standard costs and their application. The program discusses different types of variances and how they are used and applied. Participants learn why focusing on inventory is critical together with the concepts of inventory management. Course components include accounting for by-products and joint products together with job and work order costing. Understand the impact of better cost management to gain a competitive advantage. Learn about a balanced scorecard approach, value-based management, investment deployment and risk evaluation.

Objectives Learn the basics of managerial cost accounting concepts and the principles of strategic cost management. Understand the basics of lean accounting and measurement Learn the primary elements of corporate performance management. Understand the concepts and principles of investment deployment and risk evaluation.

Agenda Cost accounting concepts Understanding inventory management Application of strategic cost management Value Chain applications Developing a sustainable competitive advantage Lean accounting and measurement Activity Based Management Corporate Performance Measurement Investment Deployment and Risk Evaluation