Management Accounting Course: Managing a Business Unit or Department (Sydney)

Management Accounting Course: Managing a Business Unit or Department

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This management accounting course gives you the knowledge and skills to understand cost behaviours, know budget formats and conduct budget variance analysis and to make logical decisions about products and services offered. As a manager of a business unit or department, you are now called upon to perform financial analysis and make financial decisions around budgets, resources, pricing, activities and more. This management accounting course will provide you with the skills you need to add to your management acumen.

Learning Aims

This management accounting course aims to develop your understanding of:

  1. Cost behaviours: fixed and variable costs.
  2. Break-even analysis on new and existing projects and operations.
  3. The development and format of budgets.
  4. Variance analysis on budget reports.
  5. Making logical financial decisions within a business unit, department of project.

Learning Outcomes

At the completion of this management accounting course you will be able to:

  1. Determine whether a cost is fixed or variable and how it behaves over the relevant range.
  2. Appreciate the volume sensitivity of an operation with high fixed costs.
  3. Conduct break-even analysis: calculate the break-even point and conduct sensitivity analysis on the result.
  4. Determine the market viability of a new product or service.
  5. Identify the general format and purpose of budgets as a financial sub-set of the annual plan.
  6. Conduct variance analysis on budget reports.
  7. Determine whether the variance is due to volume or cost deviations.
  8. Gain ideas on making budget reports more informative and provide better communication.
  9. Make logical decisions on product and service offerings, new projects and market launches.
  10. Understanding costs and their impacts when tendering or pricing special orders.

Course Content

The content from within this management accounting course is highly practical. Along with the theory and principles, numerous examples and hands on exercises are used to build expertise in the use of the models and analysis.

This management accounting course will over the following content:

  • Management Accounting: understanding fixed and variable costs and cost behaviour.
  • We learn how to determine cost behaviour and how cost behaviour can change over the relevant range.
  • Principles of budgeting: formats; uses; limitations.
  • Interpreting budget reports and undertaking advanced variance analysis. Where to take action.
  • Conducting contribution and break-even analysis. Is this project or business viable?
  • Adjusting the parameters of break-even analysis for contingency planning: fixed and variable cost break down and pricing.
  • Cost allocations and transfer pricing principles. What costs should be allocated to a department, unit or project? Principles of allocation. Transfer pricing principles including pricing range and contestability.
  • Cost-benefit analysis. What costs and benefits should be included in the analysis: what is relevant and what is irrelevant. Use of the “with /without principle”.
  • Making logical financial decisions on businesses, products and pricing.

Intended Audience

This management accounting course is suitable for managers, supervisors and team leaders who have budget responsibilities or make financial decisions on their department or business unit or on products and services offered. This management accounting course has been designed for professionals from diverse sectors, including public and private enterprise executives who are looking to develop their management accounting knowledge or those who are planning expansion and growth in their business.

Delivery Style

This management accounting course will be delivered as an interactive workshop consisting of an instructor-led lecture, group and individual activities. This training approach allows you to work through concepts introduced by the instructor in an application-focused teaching environment. You will challenge your understanding of the concepts and consider their application once back in your individual workplace.

Course Prerequisites

This management accounting course has no prerequisites and is open to all members of the public.

If you have no prior knowledge of accounting concepts such as accrual accounting, income statement, assets or expenses, it is recommended you first undertake the Financial Accounting one day program offered on the previous day.


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Course Features

Available dates for Management Accounting Course: Managing a Business Unit or Department

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