Description
Target audience:
• Those who wish to understand the implications of decisions made across a range of management accounting issues.
• Those who wish to develop the ability to analyse, interpret, and question the accounting information they may encounter in a business context.
• Those who wish to acquire a sound appreciation of accounting and finance in order to communicate and succeed in the business world.
• Non-accounting staff who desire a practical introduction to the fundamentals of management accounting.
What you will learn
Upon completion of this course, you will be able to understand:
• How various methods of costing can impact on pricing.
• How to calculate prices using cost-plus, sales-margin, and discount methods.
• How various pricing strategies can be used, including how target and life-cycle costing can affect product pricing.
• How to calculate internal transfer prices in a variety of ways.
• How a business might set its long-term strategy
• The performance of a business using non-financial as well as financial measures.
• The use of benchmarking to improve performance.
• How to construct a balanced scorecard.
• How to calculate customer profitability.
• The role of integrated reporting.
• The role of environmental accounting and carbon reporting.
• The need for corporate governance and how ethical and environmental issues should be taken into account.
0203 1266 755
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