Introduction:

This conference is designed to enhance skills in navigating complex accounting landscapes for effective planning, control, and business growth. It delves into the intricate world of managerial and financial accounting, focusing on essential concepts from managerial roles to strategic decision-making processes. It will equip participants with a thorough understanding of cost behaviors, performance evaluation techniques, and capital budgeting, alongside detailed analyses of financial statements and cash flow management.

Conference Objectives:

At the end of this conference the participants will be able to:

Master Cost-Volume-Profit and Break-Even analysis for effective financial decision-making and strategic business planning.
Implement and analyze standard costs and variances to monitor and optimize operational efficiency.
Make informed decisions using relevant costing for critical business scenarios and capital budgeting techniques for investment evaluation.
Evaluate organizational performance and investment opportunities using key financial metrics and analysis tools.
Analyze financial statements comprehensively, translating insights into actionable strategies for cash flow management and overall business growth.

Targeted Audience:

Managers.
Supervisors.
Staff from any function including the accounting department.

Conference Outlines:

Unit 1:

Managerial Accounting: A Perspective:

The role of Managerial Accounting.
Financial vs. Managerial Accounting.
Cost Accounting vs. Managerial Accounting.
The work of management.
The Organization aspects of Managerial Accounting.
Using Managerial Accounting for planning, decision-making & control.

Unit 2:

Cost Concepts, Terms & Classifications:

Different costs for different purposes.
Cost classifications.
Cost by function.
Product vs. period costs.
FC, VC & Mixed costs.
Costs for planning, control & decision making.

Unit 3:

Cost Behavior Patterns:

Analysis of cost behavior.
Fixed Costs-committed vs. discretionary.
Variable costs.
Semi-variable costs.
The Contribution Margin approach.
Comparing Gross Profit to The Contribution Margin.

Unit 4:

Cost-Volume-Profit & Break-Even:

Cost-Volume-Profit & Break-Even defined.
Cost-Volume-Profit analysis.
Target income calculations.
The margin of safety calculations.
Sales mix analysis.
Break-Even analysis.

Unit 5:

Standard Costs:

Responsibility accounting defined.
Responsibility centers.
Standard costs & Variance Analysis.
Fixed overhead variances.
VA for factory overhead.
Absorption vs. direct costing.

Unit 6:

Relevant Costs:

Relevant costs defined.
Decision-making approaches.
Make vs. buy decisions.
Sell vs. process decision.
Lease vs. buy decision.
Adding or dropping a line decision.

Unit 7:

Capital Budgeting:

Capital Budgeting decisions defined.
Capital Budgeting techniques demonstrated.
Mutually exclusive projects.
Capital rationing & decision making.
Investment decisions.
Decision-making tools.

Unit 8:

Performance Evaluation:

Division evaluation.
Return On Investment (ROI).
Profit planning.
Residual income (RI).
Controlling results using ROI.
Controlling results using RI.

Unit 9:

Financial Statement Analysis:

Ratio overview.
Liquidity ratios.
Activity ratios.
Leverage ratios.
Profitability ratios.
Market ratios.

Unit 10:

Statement of Cash Flows:

P&L to Cash flow analysis.
Accrual basis of accounting.
Operations section explored.
Investing section explored.
Financing section explored.
Cash Flow statement to Balance Sheet connection.

Conference on Managerial Accounting for Non Financial Professionals

Delegate Information

Company Information

Person Responsible for Training and Development