Managerial Accounting

Managerial Accounting Concepts, Principles and the Business Environment

-Concept, principles and purpose of managerial accounting
-Planning and control cycle
-Comparison between financial and management accounting
-Organizational structure
-The changing business environment
-Code of conduct for management accountants on the international level
-International aspects of managerial accounting
Managerial Cost Concepts, Analysis and Behaviour
-Cost terms, concepts and classifications for predicting cost behaviour and for decision making
-Comparison between merchandising and manufacturing activities and their respective financial
statements
-Cost analysis and behaviour patterns including its measurement
-Contribution margin income statement
Cost-Volume-Profit Analysis and Profit Planning
-Basics and key assumptions of CVP analysis
-Break-even analysis
-Target profit analysis and margin of safety
-Achieving target profits, selling price and costing
-Cost structure and managerial attitudes
-Concept of sales mix and multi-product breakeven analysis
Activity-Based Costing and Management
-Traditional versus Activity-Based Costing Approach
-ABC terms, variability, management, assessment and process value analysis
-ABC ethics
Variable Costing Performance Reporting
-Variable and Absorption costing
-Performance reporting implications
-Application of variable and absorption costing
-Preparation and analysis of contribution margin reports
Relevant Costing for Managerial Decisions
-Decision making definition and process
-Approaches in decision making
-Managerial decision scenarios
-Decision analysis
Decentralization and Performance Evaluation
-Departmental accounting
-Departmental expense allocation
-Responsibility accounting
Product Costing
-Job Order costing:
-Process Costing
Standard Costing
-Materials and labor standard costing
-Cost variances
-Overhead standards and variances