Managerial Accounting
This course includes: 03 PDUs | High-quality e-learning content | Course Completion Certificate | KHDA Permitted
Overview
This course introduces the student to the business concepts and methods used to report managerial performance information to internal users and managers to assist in making sound business decisions in managing the firm. This course will help the student to understand the fundamental concepts of managerial accounting.
Objectives:
By the end of the course, students will be able to:
- Compare job order with process costing.
- Design and use an activity-based costing system.
- Evaluate and prepare managerial accounting statements.
- Compute necessary managerial accounting information.
- Classify and analyze the various types of costs in a manufacturing company.
- Calculate and allocate overhead costs to product manufacturing.
- Assessment of Performance over the Entire Value Chain.
- Motivation of Behavior in Management Accounting and Control Systems.
- Use of Budgets to Achieve Organizational Objectives.
Certification Body
FAQs
Understand the focus and objectives of managerial accounting in contrast to financial accounting.
Explore the role of managerial accounting in providing information for strategic and operational decisions.
Learn about the metrics that help assess the performance and efficiency of different business processes.
Discuss the adaptability of managerial accounting concepts across different business sectors.
Understand the relationship between managerial accounting practices and the budgeting process.
Explore the technology landscape and software applications relevant to managerial accountants.
Learn about the techniques employed in managerial accounting to manage and optimize costs.
Explore the accessibility of managerial accounting knowledge to professionals from non-financial backgrounds.
Discover the diverse career paths and industries that value proficiency in managerial accounting.
Discuss the ethical challenges that managerial accountants may face and how to navigate them.