Workshop on Management Accounting

Program Overview:

Management Accounting is geared towards providing costing information and for planning and controlling organizational resources.  As an internal decision-making tool, Management Accounting provides the basis for assessing the costs and benefits of a product, a service, an activity or a section/department, as well as for planning the allocation, disbursement, and monitoring and evaluation of the resources of the organization to ensure organizational effectiveness. This course Management Accounting is intended to equip managers and officers in production/operation and service businesses in particular with skills in costing and pricing of products and services and budgeting of organizational resources.

For whom:

This course is designed for Marketing Managers, Accountants, Production Managers, and Project Managers / Analysts, and others who find the program relevant.

Learning objectives:

At the end of the course, participants will be able to:

• list the types of costing methods;
• design a cost structure for their organizations;
• prepare Operating and Capital Budgets;
• design Budgetary Control Systems;
• evaluate Investment Proposals;
• apply appropriate Pricing Method; and
• determine Break-Even Point of a firm’s operations.

Course outline:

Day 1: Management Accounting:  An Overview

*             Management Accounting as a Management Tool

*             Types of costing

Day 2: Break-Even Analysis

*             Budgeting and Budgetary Control System

*             Costing Systems

                              o Job and Process Costing;

                              o Absorption and Marginal Costing

                              o Standard Costing and Variance Analysis

Day 3: Analysis of Investment Decisions

*             Divisional Performance Measurement

*             Management Reports.

Training Methodology: Lectures, discussions, exercises, case studies, audio-visual aids will be used to reinforce these teaching/learning methods.