About this course
This training workshop explains the nature of management accounting and how it aids managers’ decision-making. It looks at the impact that varying levels of costs and volume have on operating profit. The training workshop also demonstrates how budgets are used to control and monitor the performance of an organization.
What you will learn
Accounting for Decision-making
- Key characteristics of accounting information
- The role of information technology
- Commercial objectives
- Capex and opex
The Key Relationship – Cost, Volume, Profits
- Costs for decision-making
- Breakeven analysis
- Types of profit
- Cost management strategies
Control through Budgeting
- Corporate plans
- Budgets and forecasts
- Types of budgets
- Behavioural aspects of budgeting