Accounting for Decision Making and Control

What Will You Learn?

• Day 1: Foundations of Managerial Accounting
• Managerial Accounting vs. Financial Accounting
• Cost Concepts and Classifications
• Cost-Volume-Profit (CVP) Analysis
• Contribution Margin and Break-Even Analysis
• Day 2: Budgeting and Performance Measurement
• Master Budgeting and Components
• Flexible Budgets and Variance Analysis
• Performance Metrics and Key Performance Indicators (KPIs)
• Behavioral Aspects of Budgeting
• Day 3: Cost Allocation and Activity-Based Costing (ABC)
• Allocation Methods for Indirect Costs
• Activity-Based Costing Principles
• Using ABC for Strategic Decision Making
• Case Studies on Successful Cost Allocation
• Day 4: Strategic Cost Management
• Target Costing and Life Cycle Costing
• Value Chain Analysis
• Strategic Pricing and Profitability Analysis
• Real-Time Simulation of Strategic Cost Management
• Day 5: Decision-Making Tools and Control Systems
• Relevant Cost Analysis for Decision Making
• Capital Budgeting Techniques
• Internal Controls and Performance Measurement
• Crafting a Personal Action Plan for Applying Accounting in Decision Making and Control