Management Accounting: Strategy and Control for Effective Value Creation

This management accounting course provides a strategic understanding of organisational performance and explains how to gain valuable insights by analysing an organisation’s cost structures. We explain how to employ management accounting techniques such as activity-based costing and throughput accounting. We also discuss the strategic significance of the budgetary process in planning, decision-making and performance management.

The course examines the interaction between organisational strategy and accounting-based analysis that informs decision-making in planning and control activities. We show you how various theories enable organisational policies that are integrated and controlled at all levels of decision-making. We discuss budgeting, activity-based management, cost classifications and relevant costing. The course defines important management accounting terms and describes the role of throughput accounting.

We explain how to harness the fundamental management accounting theories that translate an organisation’s vision and mission into medium-term objectives. They also allow decision-makers to facilitate the enactment of organisational strategy, analyse and control the execution of such strategies and report outcomes. We also discuss budgetary control theories and strategies. Businesses rely on data to make smart decisions so sign up for this course to learn how to employ management accounting techniques to create value for your company and move ahead of the competition.