Introduction to Managerial Accounting Course

Course Overview:

As offered in the name, this course is aimed at providing the students with requisite skills in manager’s accounting and particularly, management on costs and decision making.

It can be considered also a special and more advanced form of accounting that concentrates only on business management. As these skills are associated with expenditure management, so by the end of the course, participants should comprehend such topics as cost structure, CPV relations, overhead expenses allocation and so forth, learning both traditional and activity perspectives.

Practical methods for job order system of cost accounting, cost estimations, budgeting, and relevant cost analysis for making a decision will also be incorporated in the course.

This includes performance management, capital budgeting, and classification of costs into fixed and variable ones, among others. CMI in this study means ‘cost management techniques’ and Andrew, D. Curtis, A would fall under a category of students who can benefit from this level 2 module as they aim to put theirs in practical situations.

There is a growing number of people looking to extend their grasp of management accounting, and aspiring managers, non-financial managers, or finance practitioners are well positioned.

Course Objectives:

By the end of the Introduction to Managerial Accounting  training course, you will be able to:

• Understand what managerial accounting is and why it is important.
•  Describe fundamental concepts of managerial accounting. 
• Apply the financial perspective of accounting for costs.
• Describe different types of costs and how they are represented graphically
• Conduct cost-volume-profit analyses to answer questions about breaking even and generating profit
• Calculate and allocate overhead rates within both traditional and activity-based cost allocation systems
• Distinguish costs and benefits that are relevant from those that are irrelevant to a given management decision
• Determine a reasonable course of action, given the financial impact, for a given management decision

Who Should Attend?

Introduction to Managerial Accounting training course is ideal for:

• Anyone interested in taking up a managerial role
• Non-financial managers,
• Anyone in a middle or senior managerial or leadership position,
• Those aspiring to move into such a role. 
• Those working in finance to refresh their knowledge

Course Outlines:

Introduction to Managerial Accounting

• Managerial Accounting and Cost Terms
• Cost Behavior and Cost-Volume-Profit Analysis
• Job Order Cost Accounting
• Performance management

Process Cost Accounting

• Cost-Volume-Profit Analysis
• Master Budgets and Planning
• Cost management

Internal controls

• Standard Costs and Flexible Budgets
• Capital Budgeting Fundamentals
• Relevant Costs and Decision-Making

Cost behavior 

• Fixed VS. Variable Costs
• Mixed Costs
• High-Low Method
• Absorption VS. Variable Costing
• Variable Costing (Problem Solving)

Professional ethics for management accounting professionals

• Financial statement analysis
• Corporate finance
• Decision analysis and risk management
• Investment decision

see more: Introduction to Managerial Finance Course