Accounting for Managers – Decision Making
This course aims to provide you with an understanding of how accounting managers can interpret and utilize external and internal reporting information for decision making while considering implications of the international accounting standards, corporate governance, ethics and the environment. Specific topics include: elements of financial statements; techniques for analyzing and interpreting financial statements; product costing; cost-volume-profit analysis; annual and capital budgeting; transfer pricing; and performance measurement systems.
- Analyze the impact of diversity of regulation on accounting concepts and methods.
- Understand complexities of corporate governance and its impact on business.
- Able to discuss the internal management reporting functions and the impact of business globalization.
- Have a complete grasp of financial reports, specifically the balance sheet, income statement and cash flow statements.
- Identify and apply to management decision-making the different types of product and process costs as well as short-term and long-term planning.
The course will utilize lectures with presentations and interactive class discussion. Trainees will also be encourage to brainstorm ideas during seat works/activities.
- An introduction to the nature and function of accounting
- Forms of business Organization and Sources of Finance
- Transaction analysis and financial reports
- Analysis of financial reports; profitability, liquidity and long-term solvency
- Planning and Controlling for Decision-Making, exchange rate risk management