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Accounting for Decision Making and Control

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About Course

Course Duration: 1 week

Course Overview:

“Accounting for Decision Making and Control” is a comprehensive course designed to provide participants with a deep understanding of how accounting information can be leveraged for effective decision-making and organizational control. Over the course of 1 weeks, participants will explore advanced accounting concepts, tools, and techniques that contribute to informed decision-making and strategic control within an organization.

Certification:

Upon successful completion of “Accounting for Decision Making and Control,” participants will receive a Certificate of Completion, recognizing their proficiency in leveraging accounting for strategic decision-making and organizational 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

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