Course overview
This programme is tailored for those who wish to develop skills of using financial and non-financial information for management decision-making.
Course Objective
The objectives of this programme are to equip participants with knowledge and skills on:
The tools and techniques that generate information needed to evaluate and control present and projected performance.
The application of information in the management processes of decision-making and control to optimise performance.
Learning Outcome
Upon completion of this programme, participants should be able to:
- Understand costing methods and interpret their results
- Explain the purposes of forecasts, plans and budget
- Prepare information to support project appraisal evaluation.
- Analyse information to assess the impact on decisions.
- Analyse the working capital position and identify areas for improvement.
- Understand the concepts of cost and revenue relevant to pricing and product decisions
- Evaluate techniques for analysing and managing costs.
- Explain the principles that underline the use of budgets in control; evaluate performance using budgets.
- Understand the use of responsibility centres in devising organisation structure and in management control
| PART 1- MANAGEMENT ACCOUNTING | PART 2 – ADVANCED MANAGEMENT ACCOUNTING |
Cost Accounting for Decision and Control Apply the costing method and introduce to the digital costing method to keep align with fast paced environment. Budgeting and Budgetary Control Preparation of budget effectively and efficiently using the new technologies that can bring positive impact to the organization. Managing and Controlling the Performance of Organizational Units Used cost analysis method and break even point to support short term decision making. Risk and Uncertainty in the Short Term. Help participants to identify, assessed and manage the risk associated with organization. | Managing the Cost of Creating Value Provide guidance how to use cost management, quality and process management such as Activity Based Management (ABM), Kaizen, Just in Time (JIT) method to transform the cost structures. Capital Investment Decision Making Resources are allocated between company needs. Criteria, process and techniques such as Investment Appraisal and Pricing Strategies are used. Managing and Controlling the Performance of Organizational Units The structure/strategies of organization should align with each other to ensure effective strategy implementation. The responsibility centre will use reports and pricing method.Managing and controlling the performance of organizational units Risk and Control This section analyses risk/uncertainties in the organization for the medium size. |
Register before 15 August 2020 as there’s limited availability.
Contact us for any queries or you may also download the brochure, schedule and fees.