Introduction
Management accounting provides crucial insights that guide internal decision-making, performance improvement, and operational efficiency. This course introduces modern management accounting tools, cost analysis techniques, and performance measurement methods that support strategic and operational decisions.
Course Objectives
- Understand management accounting concepts and uses.
- Analyze costs and apply cost management methods.
- Use CVP and break-even analysis for decision-making.
- Develop performance measurement frameworks.
- Strengthen internal reporting and strategic support.
Target Audience
- Management accountants and analysts.
- Operational managers and department heads.
- Project managers and planners.
- Controllers and cost managers.
- Anyone involved in performance-based decisions.
Course Outline
- 5 Sections
- 0 Lessons
- 5 Days
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- Day 1: Role of Management Accounting• Differences between financial and management accounting.
• Cost behaviors and classification.
• Internal reporting structures.
• Case example: Role of accountants as business partners.
• T&T: Cost classification sheets, management report templates.0 - Day 2: Costing Methods & Cost Control• Job costing, process costing, and batch costing.
• Activity-based costing (ABC).
• Standard costing and variance analysis.
• Workshop: Build a cost sheet.
• T&T: ABC tools, variance analysis templates.0 - Day 3: CVP & Decision-Making Tools• Cost-volume-profit analysis.
• Break-even and margin of safety.
• Pricing, outsourcing, and product mix decisions.
• Scenario-based decision analysis.
• T&T: CVP calculators, decision matrices.0 - Day 4: Budgeting & Performance Measurement• Linking budgets to operational and strategic goals.
• KPI design and performance metrics.
• Balanced scorecard application.
• Activity: Build a performance dashboard.
• T&T: KPI scorecards, balanced scorecard templates.0 - Day 5: Strategic Management Accounting• Competitor analysis and benchmarking.
• Long-term decision-support tools.
• Group presentations: Management accounting case.
• Course summary and certification.
• T&T: Benchmarking tools, strategic analysis worksheets.0
Instructor
Lessons:
