Overview
This session revisits useful, but potentially underutilized, managerial accounting techniques. You will appreciate a fresh look at concepts you may not have considered since your college days. We will illustrate practical ways you can immediately implement managerial accounting analysis in your professional endeavors.
Prerequisites
Basic working knowledge of financial statements and business processes
Objectives
- Recognize differences between financial and managerial accounting
- Revisit fundamental managerial accounting concepts
- Utilize managerial accounting to facilitate decision-making
- Be able to apply managerial accounting techniques to actual business circumstances
Highlights
- Target profit and Break-even analysis
- Relevant costs and decision-making
- Standard costs and variances
- Activity-based costing
- Segment reporting and analysis
- Budgeting
