Managerial Accounting

This DIXONTECH course provides a practical and analytical understanding of managerial accounting, focusing on cost behavior, decision making, performance measurement, and budgeting processes. Participants will learn to interpret accounting data for strategic planning, control, and operational efficiency. The training bridges financial information with management insights to enhance profitability and organizational performance.

TRAINING TOPICS

• Role of managerial accounting in decision making
• Cost classification, behavior, and cost volume profit analysis
• Budgeting, forecasting, and variance analysis
• Performance measurement and responsibility accounting
• Strategic cost management and control techniques

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO

•   Analyze cost structures and drivers effectively
•   Prepare and interpret management reports
•   Support business decisions through financial insights
•   Develop and manage performance-based budgets
•   Apply modern cost control methodologies
•   Integrate accounting data into strategic planning
•   Enhance operational and financial efficiency

TRAINING IS TAILORED TO

•   Financial controllers and accountants
•   Business analysts and cost managers
•   Department heads and budget officers
•   Internal auditors and finance supervisors
•   Managers responsible for planning and performance
•   Professionals seeking management accounting proficiency

TRAINING METHODOLOGY

This program uses interactive workshops, case studies, simulations, and group discussions to help participants apply managerial accounting concepts in real world situations. Through practical exercises, participants will analyze cost structures, prepare performance reports, and develop actionable insights that drive financial and operational improvements.

DAY 1

FOUNDATIONS OF MANAGERIAL ACCOUNTING

•   Role and objectives of managerial accounting
•   Difference between financial and managerial accounting
•   Key users and applications in decision making
•   Cost classification and purpose of cost analysis
•   Cost allocation and tracing methods overview
•   Management reporting and control systems
•   Real world applications in organizational decisions

DAY 2

COST BEHAVIOR AND COST VOLUME PROFIT (CVP) ANALYSIS

•   Understanding fixed, variable, and mixed costs
•   Break even analysis and margin of safety
•   Contribution margin and profitability evaluation
•   Multi product CVP and scenario analysis
•   Cost structures and decision sensitivity
•   Graphical representation of cost relationships
•   Case study: break even model for a new project

DAY 3

BUDGETING, FORECASTING, AND VARIANCE ANALYSIS

•   Master budgets and functional budgeting systems
•   Budget preparation and coordination processes
•   Forecasting models and quantitative techniques
•   Flexible budgets and variance analysis
•   Controlling costs and performance deviations
•   Linking budgets to strategy and objectives
•   Practical exercise: variance interpretation and reporting

DAY 4

PERFORMANCE MEASUREMENT AND RESPONSIBILITY ACCOUNTING

•   Designing responsibility centers and performance indicators
•   Financial vs. non-financial performance measures
•   Balanced scorecard and strategic KPIs
•   Evaluating divisional and managerial performance
•   Transfer pricing and internal performance alignment
•   Performance dashboards and benchmarking systems
•   Case study: developing a responsibility accounting system

DAY 5

STRATEGIC COST MANAGEMENT AND DECISION MAKING

•   Strategic role of cost management in business
•   Activity based costing (ABC) and cost drivers
•   Target costing and value chain analysis
•   Make or buy and outsourcing decisions
•   Cost benefit analysis in capital investments
•   Relevant costing and short term decision models
•   Workshop: building a managerial decision framework