Advanced Managerial Accounting

This advanced course in managerial accounting is designed for professionals and students who want to deepen their understanding of how accounting information is used for internal decision-making. Unlike financial accounting which focuses on external reporting, managerial accounting provides the tools and techniques managers need to plan, control, and evaluate business operations.

You will explore advanced topics including cost behavior analysis, cost-volume-profit relationships, master budgeting, flexible budgets, standard costing, and variance analysis. The course also covers modern techniques such as activity-based costing (ABC), activity-based management (ABM), target costing, and the theory of constraints.

Performance measurement is a key focus of this course. You will learn how to design and implement balanced scorecards, evaluate responsibility centers, calculate return on investment (ROI), residual income (RI), and economic value added (EVA). Transfer pricing strategies and their impact on divisional performance are also covered in detail.

Through case studies and practical exercises, you will develop the analytical skills needed to provide management with relevant, timely, and accurate information for strategic planning and operational control. This course is essential for anyone preparing for the CMA examination or seeking a career in management accounting.