Management Accounting – for improving your business!
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Training TypeLive Training
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CategoryFinance
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Duration2 Hours
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Rating4.8/5
Course Introduction
About the Course
This course is designed to help you learn the basic building blocks of managerial accounting. Managers and business owners must make decisions every day in order to plan and run operations. Managers that understand cost have a competitive advantage.
Managers must make important decisions every day.
How can we maximize profitability?
How can we reduce risk?
How many customers do we need to attract to cover our costs?
How can we improve efficiency in our operations?
There are so many decisions a manager needs to make. Managerial accounting provides tools for managers to improve their decision making.
Do you want to be the manager that understands proven approaches to successful strategy?
In this course we will cover the foundational topics needed by successful managers.
We’ll begin our journey into managerial accounting with an overview. Managerial accounting focuses on improving management decision.
The cost of doing business is a key element of any organization. In this section we begin with various methods to assign costs to jobs. We’ll then look at alternatives for assigning costs to products. Better allocation of costs will improve your ability as a manager in making decisions planning, directing, and controlling the business
A key to success in business is profitability. You will develop your understanding of costs and learn how it relates to calculating profitability of a business. Once that is better understood, you are on your way to improved decision making
Costs are not just dollar amounts that managers subtract from revenue. Costs are more complicated than just that. Instead, costs behave in different ways, so managers need to treat costs based on their cost behavior. By understanding cost behavior, we can then develop analysis such as break-even point or targeting profits.
Join me in learning management accounting!
Course Objective
Management accounting tools for decisions. Understanding cost allocation to products. To learn cost behavior and how this may be applied to analysis and decision making.
Who is the Target Audience?
Managers, business owners, and business professionals that need tools to improve common business decisions and organizational strategies.
Basic Knowledge
Beginner level, no previous knowledge
Available Batches
| 13 Dec 2024 | Fri ( 1 Day ) | 12:00 PM - 02:00 PM (Eastern Time) |
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