Key points include:

• Managerial vs. financial accounting
• Cost-Volume-Profit analysis for decision making
• Make vs. buy decisions for planning
• Fixed vs. variable vs. mixed costs for control

Capital budgeting that makes a difference

By the end of this course, delegates will be able to know about:

• Cost terms and concepts
• Cost behavior: analysis and use
• Direct vs. absorption costing
• Overhead costing for planning and control
• Standard costs & variance analysis
• Relevant costs for decision making
• Financial statement analysis
• Defining managerial accounting & its impact on the organization
• Making better decisions through the results calculated
• Maintain better control of all costs
• Planning more accurately using managerial accounting
• Describing policies and company components that affect managerial accounting

Finance Professionals, Finance Managers, Senior Accountants, Accounting & Budgeting Personnel, Corporate Controllers, Financial Controllers, Treasury Professionals, Chief Accountants, Accounting Managers, Accounting Professionals, Financial Executives, Auditors, Financial Analysts, Bankers, Investment Bankers, Senior Accountants, Banking Professionals, Corporate Business Professionals, all accounting and finance professionals who are currently working, or seeking to work, in the financial planning, analysis, budgeting and forecasting domain within their organizations

Managerial Accounting: A Perspective

• The role of Managerial Accounting
• Financial vs. managerial accounting
• Cost accounting vs. managerial accounting
• The work of management
• The organization aspects of managerial accounting
• Using managerial accounting for planning, decision-making & control

Cost Concepts, Terms & Classifications

• Different costs for different purposes
• Cost classifications
• Cost by function
• Product vs. period costs
• FC, VC & mixed costs
• Costs for planning, control & decision making

Cost Behavior Patterns

• Analysis of cost behavior
• Fixed costs-committed vs. discretionary
• Variable costs
• Semi-variable costs
• The contribution margin approach
• Comparing gross profit to the contribution margin

Cost-Volume-Profit & Break Even

• Cost-volume-profit & break even defined
• Cost-volume-profit analysis
• Target income calculations
• Margin of safety calculations
• Sales mix analysis
• Break even analysis

Standard Costs

• Responsibility accounting defined
• Responsibility centers
• Standard costs & Variance Analysis
• Fixed overhead variances
• VA for factory overhead
• Absorption vs. direct costing

Relevant Costs

• Relevant costs defined
• Decision-making approaches
• Make vs. buy decisions
• Sell vs. process decision
• Lease vs. buy decision
• Adding or dropping a line decision

Capital Budgeting

• Capital budgeting decisions defined
• Capital budgeting techniques demonstrated
• Mutually exclusive projects
• Capital rationing & decision making
• Investment decisions
• Decision-making tools

Performance Evaluation

• Division evaluation
• Return On Investment (ROI)
• Profit planning
• Residual income (RI)
• Controlling results using ROI
• Controlling results using RI

Financial Statement Analysis

• Ratio overview
• Liquidity ratios
• Activity ratios
• Leverage ratios
• Profitability ratios
• Market ratios

Statement of Cash Flows

• P&L to cash flow analysis
• Accrual basis of accounting
• Operations section explored
• Investing section explored
• Financing section explored
• Cash flow statement to balance sheet connection

CDGA attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.