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Strategic Management Accounting

by Golden Masters for Training & Consultancy

This seminar is to place management accounting within the context of the strategic management of a business and to provide a practical, yet academically rigorous, framework for applying management accounting techniques and concepts in this c

AED 17000

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img Duration

5 days

Course Details

Course Description:

The successful management of a business depends on having a successful business strategy. Consequently, the strategic evaluation of organizational issues entails the analysis of a range of diverse factors.
 
The existing and latent needs of the customer, the nature of product markets, changes in economic circumstances and altering social factors affect the way in which organizations can be reactive or proactive. Such observations have triggered calls for more strategically extensive management accounting thinking. 
 
Strategic Management Accounting is a form of management accounting in which emphasis is placed on information which relates to factors external to the firm, as well as non-financial information and internally generated information. 
 
This seminar is to place management accounting within the context of the strategic management of a business and to provide a practical, yet academically rigorous, framework for applying management accounting techniques and concepts in this competitive environment.

Course Objective:

Participants gain the insights they need to win in the global marketplace. Key subjects that the seminar addresses include:

- Relevant information for strategic decision making

- Management use of advanced and strategic management accounting information 

- Strategic planning for business success

- Cost management and Strategy

- Different Approaches to Costing 

- Product costing in multinational firms

- Cost Planning and Budgeting

-Decision Making with Relevance Costs and a Strategic Emphasis

- Performance measurement and balanced score card

- A new role for the management accountant

- Designing strategic management accounting systems

- Operating strategic management accounting systems

Course Outline:

– Management and Cost management Fundamentals

- Different Approached to Planning and Budgeting

- Traditional and Activity-based Approaches to Costing

- Other Advanced Approaches to Costing

- Cost Planning and Pricing Decisions: Life-Cycle-Costing, Target costing and Target Pricing

- Management Control Systems and Performance Issues: the concept of balanced score card

Masters Training Company was established in response to the growing need for quality training to support the business community within your Company, Department or Organization by providing a high standard of Training Programs, Courses, Seminars, Workshops and Consultancy Services to employees in a very competitive business environment. 

 
Following the latest trends and ideas in Technology and Management techniques, and with its in-depth knowledge of the business environment, Masters Training Company is able to meet the special requirements of both local and international business throughout the Middle East. Masters Training & Consulting is an independent multinational firm with more than 25 years of experience in helping regional organizations develop their human capital in all fields of management. 
 
Since 1990, we have been entrusted by our clients to provide the most reliable training and consulting products and services in the region. Our innovative and diversified range of training programs and consulting services are designed and delivered by an ever-growing team of full time multilingual consultants experienced in providing solutions relevant to this part of the world and applicable to today’s business challenges.
 
We pride ourselves on our track record in this regard and on our long-standing relationships with our clients, many of whom have been with us since we started business. 
 
 
Our public training programs have attracted more than 300,000 participants from almost 3,000 organizations many of whom also entrust us with their needs for bespoke in-company programs. Our client base is steadily growing and so is our commitment to remain the regional leaders in the fields of training and consulting.

Masters is also an approved vendor from KHDA & ILM

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  • Sheikh Zayed Road Branch

    Kherbash Tower, Office # 1803 & 1804, Sheikh Zayed Road, Dubai

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