- NY Credits : 6.0
- TX Credits : 6.0
Management Accounting Tools for Making More Effective Business and Operating Decisions Updated
This interactive course includes the information for an accountant to make invaluable business and operating decisions. The course begins with explaining the differences between managerial and financial accounting and the information needed to run a business. It continues to include accounting concepts that operational managers and owners need to understand to effectively run a business and how to manage the sales function of a business. The course concludes with information on cost-related techniques, the reasons for being in business, the needs of the customers, how to best allocate financial resources and capital, strategic planning, and the budgeting process.
This basic level course is most beneficial to professionals new to this topic who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.
Upon successful completion of this course, the user should be able to:
recognize the role of a Controller in an organization,
recognize the relative importance of different types of financial reporting,
identify the accounting concepts operational managers and owners need to understand in order to effectively manage their business,
identify capital budgeting concepts, principles, methods, and procedures, and
identify the performance of an organization or its segments.