Cost and Management Accounting (Core Concepts and Techniques) 2024
Available from
26 April, 2024
CPD
3
Course Category:
Management Accounting
Level:
Moderate
The webinar will heighten the accountant’s awareness of the importance and role that these disciplines play and why they should hone they skills in applying them as part of their service offerings. April 2024
Category: Management Accounting
R 375 VAT Incl.
Product Information
What you will learn
By attending this webinar you will gain the following competencies:Â
- Defining cost and management accounting
- Explaining the importance, scope and benefits of these two disciplinesÂ
- Fleshing out the relationships between cost and management accounting and explaining how they are distinct from each other, yet interlinked
- Highlighting the role of cost and management accounting in decision-making and how important these disciplines are as enablers for management to make great quality decisions
- Highlighting how important our role as trusted advisors is and why it is crucial for us to continually upskill ourselves so that we are responsive to the financial reporting needs of our clients
Description
Cost and Management Accounting serves as the bedrock for informed decision-making within organisations, providing vital insights into the intricacies of financial operations. At its core, this discipline encompasses various techniques aimed at optimising resource allocation, cost control, and performance evaluation. Through meticulous analysis of cost behaviours, such as fixed, variable, and semi-variable costs, managers gain a comprehensive understanding of the financial dynamics driving their business.
As accountants, we must not be static. We must always be open to learning new methods and techniques. It is important that we seek to always learn and improve ourselves so that we can provide cost and accounting information that helps our clients make better quality decisions.Â
Price
The following pricing apply:
Adhoc: R375.00
Subscription: Included for free in Accountant in Practice, Accountant in Practice plus Tax.
Content
The webinar will cover the following topics: Â
-
- Budgeting and Forecasting
- Performance Measurement and Evaluation
- Decision Support
- Strategic Planning and Control
- Definition and scope of Cost and Management Accounting
o Definitions
- Cost Accounting
- Management Accounting
o Scope
- Â Importance and benefits for businesses
o Cost Determination
o Profitability Analysis
o Budgeting and Planning
o Performance Evaluation
o Decision Making
o Control and Monitoring
o Forecasting and Risk Management
o Improving Efficiency
o External Reporting and Compliance
- How are cost and management accounting interlinked
o Cost Data as Input for Management Accounting
o Product Pricing and Profitability Analysis
o Budgeting and Planning
o Performance Measurement
o Decision Making
o Continuous Improvement
- Role in decision making and strategic planning
o Decision Support
o Performance Evaluation
o Budgeting and Forecasting
o Strategic Planning
o Risk Management
- Some specific areas of cost and management account and how they intersectÂ
o Cost Classification and Behavior
o Cost-Volume-Profit (CVP) Analysis
o Activity-Based Costing (ABC)
o Technology and Cost Accounting
Certificate
The following CPD is awarded 3 Units Management Accounting.
Requirements
There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.
Presenter
Constance Kawelenga CA(SA)
Constance Kawelenga is a chartered accountant with a broad proficiency in finance, taxation and auditing. She has attained a diverse range of experience – from Big 4 audit experience, commercial multinational exposure, to running an audit and consulting boutique over the past 8 years.Â
In 2013, Constance founded the Zuva Group of entities, focusing on audit, financial management, taxation, secretarial, business mentorship as well as business valuations.Â
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