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Course Description

The key to good managerial reporting lies in deciding which system best helps managers make better decisions, with the shortcomings that cause the fewest problems.

This online course explores one of the most challenging issues in measuring the margins created by individual managers, departments, products and services: allocating the costs that are incurred simply to provide productive capacity. You will learn the pluses and minuses of investing in capacity, the creation of surplus, and the risks associated with fixed capacity costs help you assess and plan for economic downturns or increased competition. In examining the economics of your business, you will understand which costing systems best meet your needs.

The course Measuring and Improving Margins is required to be completed prior to starting this course.

Faculty Author

Robert J Bloomfield, PhD

Benefits to the Learner

  • Identify fixed and variable costs in your organization
  • Predict how changes in the quantity of goods or services you produce will affect sales and profit margins
  • Determine what types of methods for reporting on capacity are most appropriate for your organization, and for particular types of decisions
  • Assess where your accounting system over- or under-states the true costs to your firm of providing products and services
  • Identify areas of nested capacity and the hierarchy of costs in place at your organization
  • Apply principles of Activity-Based Costing to make more informed pricing and product-line decisions and to identify opportunities to realize greater benefit from your existing capacity

Target Audience

People at all levels in any functional area in for-profit, not-for-profit and governmental organizations who want to be more effective in:

  • Specifying organizational strategy, or implementing the strategies specified by others.
  • Linking performance evaluation and incentives to organizational strategy.
  • Revising strategy and operations to accomplish strategic goals at lower cost.
  • Helping employees collaborate and work together across departments and functional areas, and communicate more effectively with colleagues about the goals and performance of their organization.

 

Accounting and finance people will also benefit enormously from this program. This series applies the work of accounting, measurement, and thinking strategically about costs and performance in every corner of an organization.

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Type
2 week
Dates
May 29, 2024 to Jun 11, 2024
Total Number of Hours
10.0
Course Fee(s)
Regular Price $999.00
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