Management Accounting Workshop
Management Accounting is geared towards providing costing information and for planning and controlling organizational
resources. As an internal decision-making tool, Management Accounting provides the basis for assessing the costs and benefits
of a product, a service, an activity or a section/department, as well as for planning the allocation, disbursement, and monitoring
and evaluation of the resources of the organization to ensure organizational effectiveness. This course Management Accounting
is intended to equip managers and officers in production/operation and service businesses in particular with skills in costing and
pricing of products and services and budgeting of organizational resources.
This course is designed for Marketing Managers, Accountants, Production Managers, and Project Managers / Analysts, and
others who find the program relevant.
At the end of the course, participants will be able to:
- List the types of costing methods;
- Design a cost structure for their organizations;
- Prepare Operating and Capital Budgets;
- Design Budgetary Control Systems;
- Appraise Investment Proposals;
- Apply appropriate Pricing Methods, and
- Determine Break-Even Point of a firm’s operations.
Day 1: Management Accounting: An Overview
■ Management Accounting as a Management Tool
■ Types of costing
Day 2: Break-Even Analysis * Budgeting and Budgetary Control System
■ Costing Systems
o Job and Process Costing;
o Absorption and Marginal Costing
o Standard Costing and Variance Analysis
Day 3: Analysis of Investment Decisions
■ Divisional Performance Measurement
■ Management Reports.
Lectures, discussions, exercises, case studies, audio-visual aids will be used to reinforce these teaching/learning