Strategic Management Accounting Incorporating - Balanced Score Cards
HRODC Postgraduate Training Institute
Duration: 5 Days
£3,400
Detailed information
| Type: | Training |
|---|---|
| Method: | In a classroom |
| Accreditation: | HRODC Postgraduate Training Institute is registered with the UK Register of Learning Providers (UKRLP), of the Department for Business, Innovation and Skills, formerly Department for Innovation, Universities and Skills (DIUS). Its Registration Number is |
| Prepares for: | DIPLOMA- Postgraduate in Strategic Management Accounting Incorporating - Balanced Score Cards Accumulating to a Masters Degree MA-MBA-MSc |
| Geared towards: | Operational and Production Managers Marketing managers Managers with direct financial responsibilities Executives Cost and management accountant Financial planners and cost analysts Senior managers who supervise people with financial responsibilities Financial and budget controllers who are moving to wider responsibilities Managers who need to know more about business planning, budgeting, costing terms and techniques. Managers who have to plan, cost and budget new business ventures. Managers and Supervisors from every business discipline and department who have to run departments and plan, cost and budget during their business lives. First appointment managers on fast-track development programmes Managers who require a refresher programme on the topic or who would benefit from having an opportunity to consider new ideas and methods |
| Requirements: | Degree or Work Experience |
| Internship: | Yes |
| Students per class: | 15 |
Do you need further information?
Contact the person in charge , free and at no obligation, for information on how to enroll, enrollment limit/availability and more.
Course program
Participants gain the insights they need to win in the global marketplace. 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
Operating strategic management accounting systems
PROGRAMMED OUTLINE
DAY 1 – Management and Cost management Fundamentals
A review of key cost concepts
The accountant’s role in the organization
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 behavior: 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
DAY 2 – 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 & 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
DAY 3: 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
DAY 4 – 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
Day 5: Management Control Systems and Performance Issues: the concept of balanced
scorecard
Strategic investment units
Control systems and transfer pricing
Market based transfer pricing
Cost based transfer pricing
Negotiated transfer pricing
Control systems and performance measurement
New role for managers and management accountants in designing incentive systems
Different performance measures
Financial and non-financial performance measures
Designing an accounting-based performance measure
Understand ROI, RI and EVA
Strategic performance measurement: Balanced score-cared
Value chain analysis
Problems, Case study and Examples
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
Operating strategic management accounting systems
PROGRAMMED OUTLINE
DAY 1 – Management and Cost management Fundamentals
A review of key cost concepts
The accountant’s role in the organization
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 behavior: 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
DAY 2 – 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 & 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
DAY 3: 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
DAY 4 – 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
Day 5: Management Control Systems and Performance Issues: the concept of balanced
scorecard
Strategic investment units
Control systems and transfer pricing
Market based transfer pricing
Cost based transfer pricing
Negotiated transfer pricing
Control systems and performance measurement
New role for managers and management accountants in designing incentive systems
Different performance measures
Financial and non-financial performance measures
Designing an accounting-based performance measure
Understand ROI, RI and EVA
Strategic performance measurement: Balanced score-cared
Value chain analysis
Problems, Case study and Examples
Do you need clarification regarding the course program?
Contact the person in charge , free and at no obligation, for information on how to enroll, enrollment limit/availability and more.
Course location
- Jun24from 24 June 2013 to 28 June 2013
HRODC Postgraduate Training Institute
HRODC Postgraduate Training Institute is a Graduate Institution Registered with the UK Register of Learning Providers (UKRLP), of the Department for Business, Innovation and Skills (BIS), formerly Department for Innovation, Universities and Skills (DIUS). Its Registration Number is: 10019585 and can be Verified at: http://www.ukrlp.co.uk/. It provides Intensive Full-Time Postgraduate Diploma Courses. 3 Months Intensive Full-Time Postgraduate Diploma Courses or 6 Months Full-Time Courses, progressing to MSc, MBA, MA. Intensive Full-Time (3 Months) Courses, and Full-Time (6 Months) Postgraduate Diploma Courses, Progressing to MA, MBA or MSc include: Human Resource Management: A Practitioner’s Approach; Comprehensive Automotive Electrical, Electronic and Mechanical Diagnostic, Maintenance and Repair; Comprehensive Real Estate Management; Executive Management; Communication, Information Gathering, Analysis and Report Writing; Women in Management; Human Resource Training and Development Management; National and International Economic Competitiveness: Towards Economic Growth and Sustainability; Corporate Governance and Strategic Management: Incorporating Corporate Strategy; Business Administration; Cost Accounting, Budgeting, Profitability Analysis, Strategy and Balanced Score Card; Financial Accounting: Theory and Practice; Advanced Islamic and Banking Finance; International Finance and Financial Services; Global Marketing: Local, National and International Marketing Strategic Plan and Implementation; Advanced International Legal Studies; International and National Events Management; Heating, Ventilation and Air-conditioning (HVAC) Engineering; Human Resource Management (HRM) in the International Petroleum – Oil and Gas – Industry; International Petroleum –Oil and Gas – Terminal Services, SAP, Joint Venture, Health, Safety, Human Resource, Organisation and Project Management; Advanced Oil and Gas Accounting: International Petroleum Accounting; Organisational Development and Change Management: Conceptual, Contextual and Analytical Issues; Effective Project Management: Employing HR, Cost, Quality, Procurement, Risk, & Time Management Strategies to Enhance Objectives; Strategising Logistics and Supply Chain Management; Drilling Operation: On-Shore and Deepwater Oil and Gas Drilling Operations, Incorporating Shale Gas Drilling; Intercultural Business Communication: Effective International Business Communication; Computer and Information Systems Communication, Incorporating Microsoft Office Suite Leading to World Trade Organisation, Anti-Dumping, Anti-Subsidy, Sustainability and Environmental Management, Development Economics, and Agricultural Project Management; International Petroleum – Oil and Gas – Operation for Non-Technical Staff: Mineral Rights, Upstream Oil and Gas Mineral Lease Contracts, Exploration, Drilling, Production and Sale, etc.
These Postgraduate Diploma, MSc, MBA, MA Courses are delivered in Dubai United Arab Emirates (UAE), Kuala Lumpur (KL) Malaysia, Caracas, Astana Kazakhstan, Moscow Russia, Baku Azerbaijan, Durban South Africa, Dodoma Tanzania, Nairobi Kenya, Abuja Nigeria, Accra Ghana, Malabo Equatorial Guinea, Luanda Angola, Mumbai India, Karachi Pakistan, Islamabad Pakistan, Lagos Nigeria, Sokoto Nigeria, Ontario Canada, Buenos Aires Argentina; Lima Peru, Brasília Brazil, Quito Ecuador, Panama City Panama, Managua Nicaragua, San Salvador El Salvador, Guatemala City Guatemala, Belize Belize City, San Jose Costa Rica, Tegucigalpa Honduras, London UK, etc. Short Postgraduate Courses and 20-Week Video Enhanced Postgraduate Diploma Courses are also available.
The Video-Enhanced On-Line Postgraduate Diploma Courses is studied in 20 Weeks, in the comfort of students’ homes. In a move away from the traditional on-line courses, and recent technology-mediated distance education, HRODC Postgraduate Training Institute has introduced a Video-Enhanced On-Line delivery. Students:
These Postgraduate Diploma, MSc, MBA, MA Courses are delivered in Dubai United Arab Emirates (UAE), Kuala Lumpur (KL) Malaysia, Caracas, Astana Kazakhstan, Moscow Russia, Baku Azerbaijan, Durban South Africa, Dodoma Tanzania, Nairobi Kenya, Abuja Nigeria, Accra Ghana, Malabo Equatorial Guinea, Luanda Angola, Mumbai India, Karachi Pakistan, Islamabad Pakistan, Lagos Nigeria, Sokoto Nigeria, Ontario Canada, Buenos Aires Argentina; Lima Peru, Brasília Brazil, Quito Ecuador, Panama City Panama, Managua Nicaragua, San Salvador El Salvador, Guatemala City Guatemala, Belize Belize City, San Jose Costa Rica, Tegucigalpa Honduras, London UK, etc. Short Postgraduate Courses and 20-Week Video Enhanced Postgraduate Diploma Courses are also available.
The Video-Enhanced On-Line Postgraduate Diploma Courses is studied in 20 Weeks, in the comfort of students’ homes. In a move away from the traditional on-line courses, and recent technology-mediated distance education, HRODC Postgraduate Training Institute has introduced a Video-Enhanced On-Line delivery. Students:
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