Description

Cost and Management Accounting serves as the bedrock for informed decision-making within organisations, providing vital insights into the intricacies of financial operations. At its core, this discipline encompasses various techniques aimed at optimising resource allocation, cost control, and performance evaluation. Through meticulous analysis of cost behaviours, such as fixed, variable, and semi-variable costs, managers gain a comprehensive understanding of the financial dynamics driving their business.

As accountants, we must not be static. We must always be open to learning new methods and techniques. It is important that we seek to always learn and improve ourselves so that we can provide cost and accounting information that helps our clients make better quality decisions. 

 What you will learn

By attending this webinar you will gain the following competencies: 

• Defining cost and management accounting

• Explaining the importance, scope and benefits of these two disciplines 

• Fleshing out the relationships between cost and management accounting and explaining how they are distinct from each other, yet interlinked

• Highlighting the role of cost and management accounting in decision-making and how important these disciplines are as enablers for management to make great quality decisions

• Highlighting how important our role as trusted advisors is and why it is crucial for us to continually upskill ourselves so that we are responsive to the financial reporting needs of our clients