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Course Description

Short-term Decision Making

  • What are relevant revenues and costs?
  • Make or buy decisions
  • Limiting factors
  • Upgrading equipment
  • Closure of sites or discontinuing products

Investment Appraisal Techniques

  • Accounting rate of return
  • Payback period
  • Net present value
  • Discounting to present value
  • Internal rate of return

Measuring and Reporting Performance

  • Performance measurement: strategy and objectives
  • Financial and non-financial performance measurement
  • Key performance measures
  • Benchmarking
  • The balanced scorecard
  • Customer profitability analysis
  • Integrated reporting
  • Environment accounting and carbon reporting
  • Corporate governance
  • Ethics

Short-term Decision Making What are relevant revenues and costs? Make or buy decisions Limiting factors Upgrading equipment Closure of sites or discontinuing products Investment Appraisal Techniques Accounting rate of return Payback...

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Additional Information

Target audience

  • Those who wish to understand the implications of decisions made across a range of management accounting issues.
  • Those who wish to develop the ability to analyse, interpret, and question the accounting information they may encounter in a business context.
  • Those who wish to acquire a sound appreciation of accounting and finance in order to communicate and succeed in the business world.
  • Non-accounting staff who desire a practical introduction to the fundamentals of management accounting.

Learning outcomes

Upon completion of this course, you will be able to understand:

  • Which costs are relevant in short-term decision making.
  • Whether an organisation should make or buy products.
  • Which products should be prioritised if there are limited resources.
  • If a product should be discontinued or a location closed.
  • The nature and significance of appraising long-term investments.
  • How to use a range of investment appraisal techniques to assess and compare projects.
  • The advantages and limitations of each method.
  • How a business might set its long-term strategy.
  • The performance of a business using non-financial as well as financial measures.
  • The use of benchmarking to improve performance.
  • How to construct a balanced scorecard.
  • How to calculate customer profitability.
  • The role of integrated reporting.
  • The role of environmental accounting and carbon reporting.
  • The need for corporate governance and how ethical and environmental issues should be taken into account.

Target audience Those who wish to understand the implications of decisions made across a range of management accounting issues. Those who wish to develop the ability to analyse, interpret, and question the accounting information they may encounter in a business context. Those who wish to acquire a sound appreciation of accounting and...

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