Cost and Management Accounting (Core Concepts and Techniques)
CPD Hours: 2
Price: R450.00
Cost and Management Accounting (Core Concepts and Techniques)
Presenters : Constance Kawelenga CA(SA)
Overview
Strategic Management Accounting influences strategic decision-making and business management, providing forward-looking insights that shape corporate strategies. It is a discipline that contributes to strategic planning by influencing pricing, cost control, and business analysis, all aimed at optimising financial performance and enhancing competitive advantage.
This webinar gives an exploration of the fundamental concepts and techniques in both cost and management accounting, with a special focus on optimising resource allocation, cost control, and performance evaluation. The session is designed to empower both accounting practitioners as well as business leaders with knowledge on aligning financial information with strategic business objectives, driving growth, and fostering innovation within the organisations they are responsible for. .
Join Constance Kawelenga CA(SA) as she explores the fundamental concepts and techniques in cost and management accounting with a major focus on optimising resource allocation, cost control, and performance evaluation.
Learning objectives
By attending this webinar, you will gain the following competencies:
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Gain a clear understanding of how strategic management accounting differs from traditional management accounting, including its development over time and its role in modern business environments.
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Know how to apply critical tools and techniques that enhance business strategy and operational efficiency.
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Understand how to utilise strategic management accounting information for better decision-making, focusing on optimizing resource allocation, implementing advanced budgeting techniques, and evaluating organisational performance through sophisticated metrics.
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Possess skills that assist in formulating and applying competitive strategies that improve financial performance and market positioning.
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Stay informed about emerging trends and technological advancements in strategic management accounting, enabling you to anticipate changes and adapt your strategies to maintain competitive advantage in a rapidly evolving business landscape.
Content
The webinar will cover the following topics:
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Introduction to strategic management accounting.
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Role of strategic management accountants.
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Key tools and techniques.
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Strategic decision-making.
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Cost control and performance evaluation.
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Pricing strategies.
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Risk management and strategic management accounting.
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Leveraging technology in strategic management accounting.
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Future trends in strategic management accounting.
