Managerial Accounting (2 day training)

  • Kurz na míru

  • ID akce:
    1362183

Popis kurzu na míru Managerial Accounting (2 day training)

Training Overview: This training identifies three of the four functions managers must perform within their organizations: plan operations; control activities; and make decisions – and explains what type of accounting information is necessary for these functions, how to collect it, and how to interpret it.

 

Goals:

  • Effectively use managerial accounting tools for decision making.
  • Know how to compute the cost of goods manufactured in a production company.
  • Apply job-order costing or process costing, depending on the type of operation.
  • Prepare a master budget and know how to use flexible budgets.
  • Use CVP analysis to make operating and financial decisions within their companies.
  • Use ABC and standard costs to control costs within their operations.

 

Content of Day 1:

  • Managerial accounting and the business environment.
  • Basic concepts of managerial accounting.
  • JIT, TQM, Process Reengineering, and the Theory of Constraints.
  • Preparation of a schedule of cost of goods manufactured.
  • Preparation of a statement of income, including cost of goods manufactured.
  • Systems design: job order costing; flow of costs in a job order costing system.
  • Measuring direct materials cost.
  • Direct labor cost and applying manufacturing overhead using predetermined overhead rates.
  • Systems design: process costing, comparison of job order and process costing, computation of equivalent units.

Content of Day 2:

  • Cost behavior: analysis and use. Understanding how fixed and variable costs behave and how to use them to predict costs.
  • Analysis of a mixed cost using the high-low method.
  • Contribution format income statement.
  • Cost-Volume-Profit (CVP) analysis.
  • Variable costing vs. absorption costing.
  • Profit planning: basic framework of budgeting: preparing the master budget; sales budget; production budget; direct materials budget; direct labor budget; budgeted income statement; budgeted balance sheet.
  • Overview of Flexible Budgets and Overhead Analysis.
  • Standard costs and operating performance measures: setting standard costs; using standard costs – measuring: direct materials; direct labor and manufacturing overhead variances.
  • Activity-based costing.

 

Training Methodology: 50% Theory, 50% Practical

This will be an interactive session, drawing from experience and prompting the participants to engage in discussions and analysis of case studies and the readings (provided by the trainer) as well as role-play activities carried out during the training. 

Kontakt na dodavatele získáte po registraci

Tento kurz je pořádán dodavatelem, který nevyužívá placenou prezentaci na portálu EduCity.
Kontaktní údaje na dodavatele získáte po registraci. Nebo použijte poptávkový formulář.
Tento web používá k poskytování služeb, personalizaci reklam a analýze návštěvnosti soubory cookie. Používáním tohoto webu s tím souhlasíte.
Další informace