Managerial Accounting for Non-Financial Executives

McCombs School of Business, University of Texas at Austin

Program Description

Managerial Accounting for Non-Financial Executives

McCombs School of Business, University of Texas at Austin

Program Description - Managerial Accounting for Non-Financial Executives

 

The fundamental question of managerial accounting was voiced by the legendary former CFO of Cisco Systems, Larry Carter. He said, “From a management and fiduciary role, I do not want to lose control. But we also want to continue to move at a rapid pace. The traditional answer to growth is more controls but the bureaucracy then slows you down. How do you stay at the pace of a start up?”

In this two-day program, we will discuss fundamental internal measurement and control systems, including structured measurement models, analytical techniques, and system biases. Our goal will be to establish a firm grounding in proven measurement techniques while also addressing Carter’s concern: knowing what we need to know for decision-making and control without excessively constraining the organization. Whether you are the measurer or the measuree in your organization, this program will deliver ideas that will help you do your job better, by promoting better systems, challenging ineffective or inefficient metrics, and creating a lean measurement culture.

Topics

  • Defining internal business measurement and control
  • Measuring and assigning costs in a complex organization, including activity-based costing
  • Models of operational control
  • Models of strategic control
  • Measurement dashboards
  • Describe the characteristics of an effective budgeting control system
  • Analyzing variances from plan
  • Setting transfer prices

Key Benefits

There are eight learning objectives for this class. At the conclusion of the class, you should be able to:

  • Design an effective costing system
  • Describe the various models of internal measurement and control
  • Select the correct control model for a given organizational setting
  • Identify redundancies and inefficiencies in a control system
  • Describe the characteristics of an effective budgeting control system, as well as the goals and limitations of the Beyond Budgeting™ philosophy
  • Create a strategy-consistent measurement dashboard for your organization
  • Explain the objectives of transfer prices as well as the pros and cons of various approaches to setting them
  • Perform and interpret basic variance analyses

Continuing Education Units

Participants earn 1.4 continuing education units (CEUs). A certificate of completion will be presented from Texas Executive Education.

Duration & Price
This course is Campus based
Start Date
Start date
Oct. 2016
Duration
Duration
2 days
Part time
Price
Price
2,400 USD
Information
Deadline
Start date Oct. 2016
Place
USA Austin, Texas
Application deadline Request Info
End date Request Info
USA Austin, Texas
Application deadline Request Info
End date Request Info
Duration 2 days
Price 2,400 USD
all included.$2,450.- for Fall 2009