Some professional accountants may not have actively used management accounting principles in some time, and yet management accounting skillsets can be used to address many challenges in today’s business environment. This course provides a refresher on key management accounting concepts and tools and how to apply them in your organization.

Common associations with management accounting include cost accounting, break even analysis and variance analysis. However, management accounting concepts include so much more such as organizational behavior and employee motivation. It is exciting to learn that the world of management accounting includes, for example, research on workplace altruism by renowned Wharton School Professor Adam Grant. And at the center of all these concepts in management accounting is their application to creative problem solving.  This course will help participants apply management accounting concepts to generate new ideas for problem solving, including:

• how to identify and classify costs for internal decision making
• how to use cost behavior to help with budgeting and forecasting
• how to more effectively communicate with non-financial managers (such as Sales, HR)
• how to create incentives to align organizational strategy and employee motivations

Participants will work through problems, case studies and collaborate with their peers to discuss how they can use management accounting information and tools to help solve challenges within their organizations.

• recall management accounting topics and terminology
• classify different organizational costs by cost behaviour and cost function
• arrange and evaluate cost volume profit (CVP) and relevant costing problems
• design approaches to relevant costing problems that align with the knowledge of key users
• identify different types of performance measurement and budgeting tools
• evaluate organizational strategy and key performance indicators (KPIs)
• interpret management accounting decisions for non-financial managers
• identify key trends in management accounting

• decision making and costing
• cost volume profit analysis
• relevant costing
• performance measurement and budgeting
• communicating with non-financial managers
• trends in management accounting

Course Content Created: October 2021

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About This Product

On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.

Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.

Please note that not all on-demand courses include downloadable materials such as course notes or slides.

How to get started

Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.