• views: 102
• date: 25 June 2024
• posted by: voska89

Covering Job and Activity Based Costing, Accounting for Quality and time, The Balanced Scorecard, Transfer Pricing
What you'll learn:
Understand the strategic role of management accounting in achieving long-term business sustainability.
Learn how to design an ABC system, identify cost drivers, and assign costs to products and services more accurately.
Learn how to apply quality cost concepts, such as prevention costs, appraisal costs, and failure costs, to improve business processes and product quality.
Learn how calculate transfer prices using various methods (e.g., market-based, cost-plus, negotiated pricing).
Learn how to create a balanced scorecard that includes financial, customer, internal process, and learning and growth perspectives
Learn methods to measure and manage business performance using various accounting tools.
Requirements:
No expertise in accounting needed. You will learn all you need to know.
Description:
This comprehensive online course is designed to give students a thorough understanding of management accounting principles and practices. Management accounting is crucial in helping organizations make informed financial decisions, improve efficiency, and achieve strategic goals. This course will cover a wide range of topics, from the basics of job and activity-based costing to advanced techniques in transfer pricing, the balanced scorecard, performance measurement, and strategic management.Key Topics Include:Management Accounting Fundamentals: Introduction to the role and importance of management accounting in business decision-making.Activity-Based Costing (ABC): Designing and implementing an ABC system to accurately assign costs to products and services.Strategic Management Accounting and Sustainability: Integrating management accounting practices with strategic planning and sustainability initiatives.Accounting for Quality Management: Incorporating quality cost concepts to improve business processes and product quality.Time-Driven Activity-Based Costing (TDABC): Competing on time, how to account for time constraints and bottlenecks in manufacturing and service operations. Including the Theory of Constraints.Transfer Pricing: Exploring methods and regulatory aspects of transfer pricing within multinational corporations.Balanced Scorecard Implementation: Developing and implementing a balanced scorecard to align business activities with organizational vision and strategy.Performance Measurement and Management: Use of key performance indicators (KPIs) and balanced scorecards to evaluate and manage business performance.
Who this course is for:
For accountants, business people and consultants who want to understand how management accounting systems work so that they can implement them and improve such systems in practice.
Homepage

https://www.udemy.com/course/strategic-management-accounting/

   
   
   

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