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 Managerial Accounting for Strategic Planning and Control 4 Nov Barcelona Spain QR Code
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Finance and Accounting

Managerial Accounting for Strategic Planning and Control


REF : F1309 DATES: 4 - 15 Nov 2024 VENUE: Barcelona (Spain) FEE : 9460 

Overview:

Introduction:

This training program delves into how managerial accounting facilitates strategic planning, informed decision-making, and effective control within organizations. Through it,  participants will explore how to leverage accounting information to optimize performance and drive business success.

Program Objectives:

By the end of this program, participants will be able to:

  • Utilize managerial accounting principles for effective planning.

  • Apply cost analysis to support decision-making.

  • Implement control measures to manage performance.

  • Interpret financial data to guide strategic decisions.

  • Enhance decision-making processes through accurate accounting information.

Target Audience:

  • Financial Managers.

  • Accountants.

  • Business Analysts.

  • Operations Managers.

  • Strategic Decision-Makers.

Program Outline:

Unit 1:

Foundations of Managerial Accounting:

  • Overview of managerial vs. financial accounting.

  • Key concepts: cost behavior, cost allocation.

  • Role of managerial accounting in decision support.

  • Understanding financial statements for management.

  • Importance of accurate costing in planning.

Unit 2:

Cost Analysis and Budgeting:

  • Types of costs: fixed, variable, and mixed.

  • Cost-volume-profit analysis and break-even analysis.

  • Budget preparation and variance analysis.

  • Forecasting techniques for effective budgeting.

  • Aligning budgets with organizational goals.

Unit 3:

Performance Measurement and Control:

  • Key performance indicators (KPIs) and their applications.

  • Performance measurement techniques and tools.

  • Control mechanisms for managing performance.

  • Analyzing variance reports and implementing corrective actions.

  • Integrating performance control with strategic planning.

Unit 4:

Decision Making Techniques:

  • Cost analysis for pricing and product decisions.

  • Relevant costing for decision-making.

  • Capital budgeting techniques: NPV, IRR.

  • Decision models for investment and resource allocation.

  • Strategic implications of managerial accounting data.

Unit 5:

Strategic Planning and Management Control:

  • Role of managerial accounting in strategic planning.

  • Techniques for aligning financial data with strategic goals.

  • Implementing management control systems.

  • Case studies on effective management control practices.

  • Enhancing strategic decision-making through managerial insights.