:Module One
Introduction And Objectives Of The AMA Course
a) The changing business environment
b) The need for cost control and cost management
c) The use of cost information in pricing decisions
Management Accountant Cost Concepts
a) General cost classifications
b) Product costs vs. period costs
c) Cost behavior – fixed, variable and mixed costs
d) Direct and indirect costs
e) Opportunity cost and sunk cost
f) Relevant range
:Module Two
Management Accountant Estimating Costs And Predicting Cost Behavior
High-low method, regression analysis
Management Accountant - Job Costing
a) Direct materials and labor
b) Manufacturing overhead
c) Estimating predetermined overhead rates
d) Job cost sheets
e) Flow of costs within a job costing environment
Management Accountant - Process Costing
a) Similarities and differences to job costing
b) Flow of costs within a process costing environment
c) Preparing a production report
d) Processes, activities, resource consumption and the firm value chain
:Module Three
Management Accountant - Cost Volume Profit (CVP) Analysis
a) Contribution margin concept
b) Contribution margin ratio
c) Break-even analysis
d) Target profit calculations
e) The margin of safety
f) Operating leverage and profit performance
g) Sales mix considerations
Management Accountant - Variable Vs. Absorption Costing
a) Income comparisons
b) Effect of changes in production on profit
Cost Of Quality (COQ)
:Group Exercise
:Module Four
Management Accountant - Activity Based Costing (ABC)
a) Comparisons with traditional costing
b) Designing an ABC system
c) The mechanics of ABC
Management Accountant – Budgeting
a) Purpose and use of budgeting
b) Approaches to budgeting: incremental vs. zero-based budgeting
c) Preparing a budget – master, sales, production budget
d) Direct materials, labor and overhead budget
Management Accountant - Standard Costing
?a) What is it
b) Setting standards
c) Types of variances, variance analysis
d) Target costing and reverse engineering
:Module Five
The Basic Business Planning Strategy
Leadership Skills For The Manager and Controller’
The Balanced Scorecard And Performance Measurement
a) Strategy and the balanced scorecard
b) The four firm dimensions
c) Costing human capital
Using E-Business And CRM To Affect Process Re-Engineering
:Group Exercise
Final Examination
The final examination will be in a Multiple-Choice format