Global Managerial Accounting for Effective Decision Making

Instructed by Dr. Glen Brown

Course Overview:
Explore the depths of managerial accounting with an emphasis on its critical role in aiding strategic decisions within an organization. Under the guidance of Dr. Glen Brown, a seasoned finance professional with a rich blend of practical and academic expertise, this course aims to equip students with the tools and techniques of managerial accounting, emphasizing its importance in operational effectiveness and organizational growth.

Course Content:

1. Foundations of Managerial Accounting:

   • Unveil the essence and objectives of managerial accounting.
   • Contrast the nuances between financial and managerial accounting and identify the primary users of managerial information.

2. Cost Classifications and Behaviors:

   • Distinguish between direct and indirect costs, product and period costs, and delve into the concept of controllable, uncontrollable, opportunity, and sunk costs.

3. Costing Systems and Techniques:

   • Gain expertise in various costing methods like job-order, process, and activity-based costing.
   • Understand standard costing and effectively compare and contrast different costing methodologies.

4. Decision-making Tools:

   • Learn crucial techniques such as break-even analysis, contribution margin calculations, and sensitivity analysis.
   • Grasp concepts like operating leverage and the importance of identifying relevant costs in short-term decisions.

5. Budgeting and Variance Analysis:

   • Dive into the purpose and types of budgets, with a focus on master, flexible, and zero-based budgeting.
   • Master the art of variance analysis, investigating deviations, and understanding the implications of those variances in organizational contexts.

6. Performance Measurement and Management:

   • Delve into the realms of performance evaluation, the significance of key performance indicators, and the facets of responsibility accounting.
   • Understand the balanced scorecard approach and the integration of non-financial performance measures.

7. Capital Budgeting and Decentralization:

   • Learn essential capital budgeting techniques and the intricacies of cash flow estimation.
   • Understand the merits and demerits of decentralization and delve into responsibility centers and transfer pricing methods.

8. Advanced Financial Analysis:

   • Appreciate the time value of money and apply techniques like ratio analysis, trend analysis, and both horizontal and vertical financial statement analyses.
   • Acknowledge the inherent limitations of financial statement analysis.

Learning Outcomes:
By the course's conclusion, participants will have a comprehensive understanding of managerial accounting's role in organizational decision-making. They will be proficient in applying various tools and techniques to evaluate operational performance, manage costs, and make informed decisions that align with organizational objectives.

Imbued with Dr. Glen Brown's extensive industry knowledge and unique philosophical approach, this course ensures students not only gain technical acumen but also develop a strategic mindset crucial for managerial accounting in a globalized business environment.