Strategic Management Accounting - Incorporating Balanced Score Card

HRODC Postgraduate Training Institute
In Central London (England), Algiers, Algeria (Algeria), Bandar Seri Begawan (Brunei) and 11 other venues

£ 5,000 - (Rs 4,07,921)
+ VAT

Important information

  • Training
  • Advanced
  • At 14 venues
  • 30 hours of class
  • Duration:
    5 Days
  • When:
    Flexible
Description

Study this course in Strategic Management Accounting with HRODC and you will surely learn about accounting and strategies to apply in this field.

Important information
What are the course objectives?

Key subjects that the seminar addresses include: relevant information for strategic decision making, management use of advanced and strategic management accounting information, strategic planning for business success, cost management and strategy, different approaches to costing, product costing in multinational firms, cost planning and budgeting, decision making with relevance costs and a strategic emphasis, performance measurement and balanced score card, a new role for the management accountant, designing strategic management accounting systems.

Is this course for me?

Suitable for: this course is designed for: operational and production managers, marketing managers, managers with direct financial responsibilities, Executives, cost and management accountant. financial planners and costs analysts, senior managers who supervise people with financial responsibilities, financial and budget controllers.

Requirements: Degree or Work Experience

Venues

Where and when

Starts Location
Flexible
Algiers, Algeria
Pins Maritimes, 16000, Algeria, Algeria
See map
Flexible
Bandar Seri Begawan
Jalan Tasek, BS8674, Brunei, Brunei
See map
Flexible
Cairo, Egypt
Champolion Street, 12421, Egypt, Egypt
See map
Flexible
Caracas, Venezuela
Avenue Casanova, 1050, Miranda, Venezuela
See map
Flexible
Central London
Carburton Street, W1W 5EE, London, England
See map
Flexible
Dublin, Ireland
Upper Merion Street, Dublin, Ireland
See map
See all (14)

What you'll learn on the course

Strategic Management
Management
Budgeting
Accounting
IT
Accounting MBA
Planning
Management Accounting
IT Management
Balanced Scorecard
Pricing Decisions
Costing System
Activity-Based Costing (ABC)
Job-Costing Systems
Strategic Management Accounting
Total Quality Management (TQM)
Process Costing Systems
Cost Allocation
Cost Planning
Life Cycle Product Budgeting and Costing
Target Costing
Target Pricing
Strategic Cost Management
Activity-Based Management (ABM)
Customer Profitability Analysis
Management Control Systems
Value Chain Analysis

Course programme

Course Contents, Concepts and Issues:

Management and Cost Management Fundamentals

A Review of Key Cost Concepts

  • The Accountant’s Role in the Organisation
  • An Introduction to Cost Terms and Purposes
  • The Use of Cost Management Information
  • Creating Cost-Aware Organizations
  • Review of Some Key Cost Concepts
  • Product vs. Period Costs
  • Direct and Indirect Costs
  • Cost Behaviour: Fixed and Variable Costs
  • Problems and Examples

Different Approaches to Planning and Budgeting

  • Fixed and Flexed Budget (Static and Flexible Budget)
  • Rolling Budget
  • Zero Based Budgeting
  • Activity Based Budgeting
  • Master Budget
  • From Costing To Budget: Interpreting Variances (Variance Analysis)
  • Integrate Continuous Improvement Into Variance Analysis.
  • Problems, Case Study and Exercises

Traditional and Activity-Based Approaches to Costing

  • Absorption (Full) vs. Variable Costing
  • Under-Costing and Over-Costing: The Consequences for Profitability
  • How to Refine a Costing System?
  • Activity-Based Costing (ABC) and Cost-Management (ABM)
  • Cost Hierarchy and Cost Drivers
  • Linking Resources, Activities and Management
  • Introducing Activity-Based Management (ABM)
  • Linkages between ABM and ABC – Monitoring Value Creation
  • Problems, Case Study and Examples

Other Advanced Approaches to Costing

  • Job-Costing Systems
  • Process Costing Systems
  • Cost Allocation
  • Cost Allocation: Joint-Cost Situation
  • Quality and Strategic Cost Management: The Concept of TQM
  • Problems, Case Study and Exercises

Cost Planning and Pricing Decisions: Life-Cycle-Costing, Target costing and Target Pricing

  • Linking Process Development to Costing
  • Costing and Pricing For Short Run
  • Costing and Pricing For Ling Run
  • Target Costing, Target Pricing and Its Implications
  • Three Major Influences on Pricing Decisions
  • Distinguish Between Cost Incurrence and Locked-In Costs
  • Cost plus Approach to Pricing
  • Customer Profitability Analysis
  • Life Cycle Product Budgeting and Costing To Assist In Pricing Decision
  • Problems, Case Study and Examples

Additional information

 Cost:                      
£4,000.00  Per Delegate for UK Delivery
£5,000.00 Per Delegate for Delivery outside the UK