Understanding Cost Behaviors, Systems, and Analysis
During this unique program, participants will learn how to leverage accounting tools to facilitate and align decisions made by staff, managers, and owners. Learners will examine how accountants develop, organise, explain, and communicate information that enhances internal procedures, and enables organisations to exploit opportunities to create value with customers and within the supply chain. Attendees will gain the skills necessary to organise cost information according to the decision-making needs of the organisation and apply the financial perspective of accounting for costs. Also, it explains how to improve internal decision making through the detection of obstacles related to relying on financial accounting. Participants will gain the skills needed to implement activity-based costing (ABC) and identify the impact of setting and decision features on the relevance of ABC systems. The course will help learners address typical “what-if” questions by utilising cost-volume-profit (CVP) analysis and implementing CVP analysis in a wide array of situations.