Effective Management Accounting

4.5 (350)

Gary Cokins, CMA

Analytics-Based Performance Management LLC

Friday, January 22, 2021 | 10:30 AM EST

  • CPA Canada
  • CMA
  • CPA

1.5 CPE | 1.5 CPD

FREE

Subject Area

Accounting

Webinar Qualifies For

1.5 CPE credit of Accounting for all CPAs

1.5 CPE credit for Certified Management Accountants (CMA)

1.5 CPD credit (Verifiable) for Canadian CPAs

1.5 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

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Jan 26, 2021 | 12:00 PM EST View Details

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Feb 01, 2021 | 10:00 AM EST View Details

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Feb 04, 2021 | 10:00 AM EST View Details

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Feb 09, 2021 | 10:30 AM EST View Details

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Feb 18, 2021 | 01:30 PM EST View Details

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Feb 22, 2021 | 10:30 AM EST View Details

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Mar 02, 2021 | 09:30 AM EST View Details

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Mar 02, 2021 | 09:30 AM EST View Details

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Course Description

Management accounting is the provision of financial and non-financial decision-making information to managers. In management accounting or managerial accounting, managers use the provisions of accounting information to inform themselves better before they decide matters within their organizations, which allows them to manage better and perform control functions.Critics have claimed that traditional managerial accounting is at best useless and at worst dysfunctional and misleading. Most line managers do not trust their management accounting data. Enter 21st Century management accounting develops cost/unit metrics. They are useful for budgeting, cost analysis, and control.

Activity-based costing (ABC) is really useful because :

  • It brings truly accurate fact-based costs with visibility. 
  • It traces costs by identifying cause-and-effect relationship to just broadly allocating overheads.
  • It this enables to see true profit margin for products and service-lines and for specific sales channels and customers.
  • It reduces costs.
  • It improves productivity by reporting unit costs that can be bench-marked against your competition.
  • It provides a way to monitor cost trends.
  • It removed barriers caused by current management accounting techniques
  • It can provide huge rewards.

An internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics gives an in-depth understanding and guidance of what this method is and how should you implement it to reap real, long-term benefits for your business.

Learning Objectives

  • To recognize the need of advanced management accounting techniques, such as ABC?
  • How the ABC cost assignment network structure connects costs to products, service-lines, channels, and customers.
  • To explore how to use ABC to manage product, service-line, channel, and customer profitability
  • To identify how to measure customer lifetime value (CLV) for retail customers.
  • To recognize and understand costs across a B2B supply chain’s trading partners.

Who Should Attend?

  • Bookkeeper
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • CPA (Industry)
  • Young CPA
  • CPA in Business
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Accounting Practice Owners
  • Senior Accountant
  • Accounts Director
  • Cloud Accountants
  • Entrepreneurial Accountant
  • Accounting Managers
  • Staff of Accounting Firm

Testimonial

4.5

(350)
59%
35%
5%
1%
0%

KD

This was my first webnar with myCPE and I totally enjoyed it.

KD

This was my first webnar with myCPE and I totally enjoyed it.

CA

Gary Cokins is a great teacher. Great webinar, too.

PDN

Very informative.

ST

n/a

JJ

good