HR Competencies

• Business Management and Strategy
• Business Acumen Objective

Objective

This class focuses on accounting for internal reporting. Managers can improve their decision making by using the data that is already within their organizations. This course will address budgeting, cost management and how internal decisions effect external reporting.

Outline

Concepts to be discussed and worked upon

• General cost concepts and behaviors
• Cost-Volume-Profit Analysis in manufacturing
• Activity-Based Costing
• Profit Planning—the organization budget and performance analysis
• Making people accountable using standard costs and variances
• Relevant costs for decision making

Designed For

Managers and those who understand most of the basic terms of accounting and now desire to improve their decision-making, moving away from gut-reactions and towards data-driven decisions. Those in organizations that need to better understand their costs in order to more effectively price their products and services in competitive markets

Facilitator