This program provides a basic overview of managerial cost accounting. It covers not only cost accounting terms, but the application of strategic cost management and activity-based management. This program will help the practitioner develop corporate performance measurements including: balanced scorecard concepts; valued-based management techniques; real-time closings; and strategic maps. This program will help managers understand the impact of better cost management on competitiveness in the marketplace.
Upon successful completion of Managerial Cost Accounting for Decision Making, the user should be able to:recognize standard costing, variance analysis, and joint product/ byproduct costing;identify the different manufacturing types and the challenges of inventory management;identify the value chain concept;recognize the concept of strategic positioning and the cost driver concept;identify direct costing for lean manufacturing and value stream costing;recognize the theory of constraints applications for lean manufacturing;recognize the concept of activity analysis and various activity-based costing models;recognize the activity-based financial statements;recognize balanced scorecard concepts; andidentify nonfinancial performance measures.
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