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Accounting for Management Decision-Making

Course Name Accounting for Management Decision-Making
Schedule May 27, 2019 - May 29, 2019

Monday - Wednesday

8:30 am - 4:30 pm

Price: Php 19,200
Description

In this course offering, the analysis and reporting of accounting information is examined from the perspective of effective management decision-making with special emphasis on the planning and control responsibilities of practicing managers. It deals with the diverse processes involved in solving practical and potential business problems of short, medium, and long-range character as revealed and inferred from historical accounting and financial data and information.

Objectives

After the course, you will:

1. Formulate models, statements, and tables with the use of accounting and financial data for sound business decisions;

2. Develop the ability to integrate various accounting and financial tools and techniques for maintaining sound operating performance and stable financial position for the firm;

3. Appreciate the powerful features of cost and revenue accounting and related financial tools in any type or form of business organization; 

4. Understand and appreciate how an organization’s accounting process is integrated into well-defined planning and control systems; and

5. Apply the various techniques in evaluating and ranking capital investment projects.

Who should attend

The professionals who will most benefit from the course are marketing and sales managers and all those who set profit targets. Also for entrepreneurs, manufacturers, and all units that generate revenues.

Outline

I. Managerial accounting: An overview and introduction

A. Importance and objectives

B. Financial vs. managerial accounting

        C. Accounting’s management functions

II. Understanding costs

A. Basic decision concepts

B. Cost terms, concepts, classifications

             1. For financial reporting purposes

             2. For predicting cost behaviors

             3. For assignment to cost objects

             4. For decision-making purposes

C. Cost accumulation: job order vs. process costing

III. Managerial accounting: Planning focus

A. Cost behavior: Analysis and use

B. Cost-volume-profit relationships

C. Variable costing

D. Financial planning

IV. Managerial accounting: Control focus

A. Standard costs

B. Flexible budgets

C. Relevant costs for decision-making

D. Segment reporting and balanced scorecard

V. Special topics (as time permits)

A. Regression analysis

B. Financial statement analysis

C. Cash flow analysis

D. Capital budgeting

Resource Speakers
Mr. Gavin Lee

has conducted numerous training programs for the Ateneo Graduate School of Business - Center for Continuing Education (AGSB-CCE) and various institutions. He teaches finance courses such as Financial Markets and Corporate Finance, Company Valuation, Analysis of Financial Statements and Financial Management, to name a few.

 

Aside from his involvement with educational activities, he is an Adviser at Unicapital Securities, Inc. for Equity Research. He is also a Director at Dearest1, an online jewelry company that focuses on custom-made wedding rings and engagement rings, and an Adviser for TripZeeker2, an online bazaar of travel experiences, activities, and tours that connects travelers with multiple tour operators across the globe.

 

Mr. Lee holds a Bachelor’s degree in Business Administration and Accountancy and a Master of Science degree in Finance from the University of the Philippines – Diliman. He also holds the following professional certifications: Certified Public Accountant (CPA) – Philippines, Certified Internal Auditor (CIA ®), and Chartered Financial Analyst (CFA ®).