| Title: | Managerial Accounting for Non-Financial Executives: Information for Planning, Decision Making and Control |
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| Dates: | May 5-6, 2008 and November 17-18, 2008
Registration Deadline: 3 weeks prior to program start date Late Registration (within 3 weeks): Contact Registrar' Office to check space availability. |
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| Duration: | 2 day program: 8:30 am - 4:30 pm | |
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| Cost: | $2300 (Spring ’08); $2400 (Fall ’08). Fee includes all program materials, breakfast, breaks, and lunch for each day. Team rates and alumni discounts available. Registration is not complete until payment is received. | |
Texas Executive Education
Managerial Accounting for Non-Financial Executives: Information for
Planning, Decision Making and Control
Managerial Accounting for Non-Financial Executives
Participant Resources:
Description
The fundamental question of managerial accounting was voiced by the legendary former CFO of Cisco Systems, Larry Carter. He said, “From a management and fiduciary role, I do not want to lose control. But we also want to continue to move at a rapid pace. The traditional answer to growth is more controls but the bureaucracy then slows you down. How do you stay at the pace of a start up?”
In this two-day program, we will discuss fundamental internal measurement and control systems, including structured measurement models, analytical techniques, and system biases. Our goal will be to establish a firm grounding in proven measurement techniques while also addressing Carter’s concern: knowing what we need to know for decision-making and control without excessively constraining the organization. Whether you are the measurer or the measuree in your organization, this program will deliver ideas that will help you do your job better, by promoting better systems, challenging ineffective or inefficient metrics, and creating a lean measurement culture.
Topics
- Defining internal business measurement and control
- Measuring and assigning costs in a complex organization, including activity-based costing
- Models of operational control
- Models of strategic control
- Measurement dashboards
- Master Budgeting systems and Beyond Budgeting™
- Analyzing variances from plan
- Setting transfer prices
Key Benefits
There are eight learning objectives for this class. At the conclusion of the class, you should be able to:
- Design an effective costing system
- Describe the various models of internal measurement and control
- Select the correct control model for a given organizational setting
- Identify redundancies and inefficiencies in a control system
- Describe the characteristics of an effective budgeting control system, as well as the goals and limitations of the Beyond Budgeting™ philosophy
- Create a strategy-consistent measurement dashboard for your organization
- Explain the objectives of transfer prices as well as the pros and cons of various approaches to setting them
- Perform and interpret basic variance analyses
Continuing Education Units
Participants earn 1.4 continuing education units (CEUs). A certificate of completion will be presented from Texas Executive Education.
