Formation/Cours

This course is an introduction to management accounting:

“decision making, planning, control and financial and non-financial performance evaluation of the business”.

Management accounting’s main objective is to supply information to managers that will enlighten them in their decisions, whatever their position in the organization.

Therefore, it is an integral part of the information system essential to the business management. This type of accounting provides, to various managers, financial and non-financial information that is useful for decision making and likely to improve the actual management planning and control activities.

Notions covered

– Management accounting and costs concepts
– Production cost (cost of goods manufactured) in the financial statements
– Production costing and cost management
– Margins, variable costs and specific costs
– Cost structure, profitability and loss risk
– Short term operational decision-making
– Management control and budgets
– Cash management
– Standards and budgetary control (the variances)
– Organisational performance evaluation and financial indicators
– Balanced Scorecard