‘Management Accounting Theory and Techniques’ is a course designed to provide an overview of accounting-based theories and procedures used to create and preserve organisational value. These methods form part of the management accounting toolbox to inform an organisation’s strategy execution. The course guides you through essential theories and techniques at various decision-making levels.
First, we consider using the budgetary process to deploy an organisation’s strategy by interpreting the vision, mission and strategic objectives to formulate medium and short-term plans. We then discuss how performance is managed through budgetary control principles, involving identifying critical success factors and key performance indicators based on organisational strategy. Finally, we look at risk and uncertainty in the short term and how to account for and analyse risks in planning and operational activities.
The course participants will become acquainted with core theories and tools used to enact organisational strategy, analyse and control the strategy execution at an operational level and report on outcomes. You will also understand how to account for and report on risks associated with decision-making. So enrol today and start developing your toolbox to gain a competitive advantage.