2024 Forgotten Managerial Accounting Tools

Overview

This session explores managerial accounting techniques with an emphasis on internal decision-making tools. You will appreciate a reminder regarding concepts you may not have considered since your college days. We will revisit managerial accounting concepts by illustrating practical examples that you can immediately bring back to the office!

Highlights

• Cost-volume-profit analysis, including target profit and break-even calculations
• Relevant costs and decision-making
• Activity-based costing
• Capital budgeting considerations
• Overview of Excel capabilities for supporting managerial analysis

Prerequisites

Basic working knowledge of financial statements and business processes

Designed For

Accountants who have not recently considered managerial accounting techniques and proficient managerial accountants who desire fresh, practical illustrations of managerial accounting analysis and related decisions

Objectives

• Revisit fundamental managerial accounting concepts that may not be part of your daily routine
• Understand how to apply managerial accounting techniques to actual business circumstances
• Identify tools for enhancing efficiency and effectiveness of analysis
• Develop an appreciation for analytical techniques that support managerial decisions
• Utilize analytical techniques to develop predictions

Preparation

None