Management Accounting

• How can we can take the right strategic and operational decisions;
• How to design the measuring (system), to monitoring the output of the results;
• Practice several scenario analysing methods, to compute results;
• Reflects and translate the several results to an objective advice (economic and strategic driven);

Learning objectives

• Understand the function and role of Management Accounting in Organisations;
• Identify the most common activities and their costs, also knowledge of the behaviour of these costs and can apply it correctly in calculations;
• Create a calculation based on the specific characteristics of the specific cost and take the right decision;
• Design, layout and compute the Activity Based Costing (ABC) method;
• Compute under different circumstances 'make' or 'buy' decisions;
• Explain why pricing decisions depend on the characteristics of the market. Take decisions based on calculations like economic lifetime, internal transfer price, Return on Investment (ROI) and Economic Value Added (EVA);
• Do management control of decentred profit centres by calculating the ‘Internal Transfer Price’ and ‘key performance indicators (KPI)’;
• Describe the ‘what’ and ‘why’ problem question in a specific situation. Based on general information and the organizational behaviour as a result;