Course Details

 

Management Accounting

Contribution, Break-even Analysis and Managerial Finance

For the first time in South Africa!

Essential tools for effective management decision-making and control. This unique and invaluable 2-day course will enable you to objectively review business problems and make sound financial decisions at the appropriate level by focusing on the internal issues that really matter in the establishment of your company's competitive advantage.

"Enlightening" - Vaneshri Naidoo - MTN

"Excellent value - in terms of applicability." - Glen Grant-Gibson - MTN

"Very informative and effective" - Ken Ballard - Standard Bank

"The course was very interesting and eye-opening" - Kim Melane - Ntsika Enterprise Promotion Agency

"The course was excellent" - Ronnie Dube - Denosa

"The course caused me to refocus on important issues in our business" - Richard Fickling - Widespread Distribution Services

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Management Accounting

Contribution, Break-even Analysis and Managerial Finance

Essential tools for effective management decision-making and control

For the first time in South Africa! This unique and invaluable 2-day course will not turn you into a financial manager or accountant. Instead, it will enable you to objectively review problems and make sound financial decisions at the appropriate level by focusing on the internal issues that really matter in the establishment of your company's competitive advantage.

Course Outline

Understanding and Analysing Costs

  • Identifying the different types of costs
  • Assessing the consequences of cost classification
  • Analysing cost behaviour
  • Understanding the importance of correct allocation for sound decision-making

Examining Marginal Analysis

  • Reviewing contribution costing as an improvement on gross profit income statements
  • Characterising cost, profit & volume and understanding their functions
  • Learning how to apply cost, profit & volume in: - pricing - the product/service mix - profit maximisation
  • Differentiating service from manufacturing
  • Comparing capital intensive to labour intensive organisations

Introducing Activity Based Costing

  • Comparing ABC to the traditional approach
  • Investigating activities and cost drivers

Reviewing Segmented Reporting

  • Using contribution and segment margins in short- and long-term decision-making
  • Investigating the implications of cost, profit, revenue and investment centres
  • Discovering how managerial finance can be applied in service/support functions

Assessing Present Value & Risk Impact

  • Investigating the monetary consequence of time and relating it to discount rates
  • The cost of capital: what is it, how is it determined and what is it used for?
  • Examining inflation and its effect on financial results
  • Considering risk, return and the required rate
  • Effectively managing the risk/return trade-off - is it possible?

Making Effective Investment Decisions

  • Using proven tools and techniques in determining the best course of action
  • Securing competitive advantage in the most efficient manner
  • Rating projects when working with limited funds and scarce common recourses

Implementing Performance Management

  • Comparing return on investment to residual income

Practical exercises

These exercises will give delegates the opportunity to practice their new skills under expert guidance. Delegates are reminded to bring calculators for use in these exercises.

Who should attend?

  • Non-financial managers
  • Administrators
  • Sales & Marketing Personnel
  • Bookkeepers

 

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