Advanced Management Accounting Practice

Course Outlines

Significance of Management Accounting
•    Awareness of Competitive Conditions
•    Strategies for Improving Business Operations
o    Budgeting
o    Costing
o    Market intelligence and competitor analysis.

Relative Cost Position Analysis
o    Costing methods
o    Comparative production capacity computations
o    Economies of scope and scale computations
o    Supply chain processes analysis
o    Comparative technology deployment
o    Setting and auditing the Quality-Cost-Time (QCT) factors of projects.

Sustainable Cost Analysis
o    Management of primary fixed asset base
o    Cost control measures
o    Supplier relationship analysis and management
o    Inventory management
o    Economic Value Analysis and management decisions
o    Strategic Management Accounting and Net Present Value
o    Quantitative analysis of cash flows and the qualitative issues.

Internal and External Operations Management
o    Choice of appropriate business model
•    Integrated Measures
o    Balanced Scorecard analysis
o    Determined focus on critical result areas
o    Discipline with key performance indicators
o    Control systems to drive strategy.
•    Pricing Power Matrix
•    Cost Leadership and Product Differentiation Decisions.