Accounting for Managerial Decision Making

ACCOUNTING FOR MANAGERIAL DECISION MAKING

---

Duration	3 Days
Course Style & Assessments	Highly Participative with 70% practical application and 30% theory coverage and Participants’ Practical tasks assessed through Presentations
Benefits	Practical skills and knowledge, stimulating, meals and refreshments, presentations, materials, certificate of attendance and Free two-months support service.

---

SPECIAL SERVICES FOR OUR INTERNATIONAL DELEGATES In addition to the above listed benefits, the NIT Corporate Training and Events Management team will provide the following to our international delegates:

• Facilitation for entry Visas where required
• Transport from and to the International Airport on arrival and when going back
• Accommodation reservations
• Transport for shopping where needed
• Transport, accommodation and meals to tour one of our Namibia’s beautiful Destinations (Coastal Towns -Swakopmund and Walvis Bay OR Etosha National Park
• A Notepad/Tablet.

ACCOUNTING FOR MANAGERIAL DECISION MAKING

---

Introduction

In this course offering, the analysis and reporting of accounting information is examined from the perspective of effective management decision-making with special emphasis on the planning and control responsibilities of practicing managers. It deals with the diverse processes involved in solving practical and potential business problems of short, medium, and long-range character as revealed and inferred from historical accounting and financial data and information.

All the National Institute of Technology (NIT) training programmes have been developed by the industry experts to suit the needs of the industry and are aligned with the fundamental National Developmental Plans Goals of Namibia and those of all other SADC member countries thus effectively contributing towards the national and SADC regional economical, industrial and prosperity developments. Our course programs and delivery styles are very stimulating with practical based contents. They provide modern hands-on relevant skills and knowledge that empower all participants at all levels of every organization to practically apply the gained skills and knowledge in their respective duties without difficulties hence being productive, respected and valued by every employer and colleagues. Participants are assessed through group and/or individual tasks which involve presentations.

NIT provides 2 months Free Support service to all the participants to support them in implementing or using the skills and knowledge gained from any of our course programs.

ACCOUNTING FOR MANAGERIAL DECISION MAKING

---

Objectives

Upon completion of this workshop, participants will be able to;

1. Formulate models, statements, and tables with the use of accounting and financial data for sound business decisions;
2. Develop the ability to integrate various accounting and financial tools and techniques for maintaining sound operating performance and stable financial position for the firm;
3. Appreciate the powerful features of cost and revenue accounting and related financial tools in any type or form of business organization;
4. Understand and appreciate how an organization’s accounting process is integrated into well-defined planning and control systems; and
5. Apply the various techniques in evaluating and ranking capital investment projects.

ACCOUNTING FOR MANAGERIAL DECISION MAKING

---

Who Should Attend

The professionals who will most benefit from the course are marketing and sales managers and all those who set profit targets. Also for entrepreneurs, manufacturers, and all units that generate revenues

ACCOUNTING FOR MANAGERIAL DECISION MAKING

---

1. Managerial Accounting: An overview and introduction

• Importance and objectives
• Financial vs. managerial accounting
• Accounting’s management functions

2. Understanding costs

• Basic decision concepts
• Cost terms, concepts, classifications
  • For financial reporting purposes
  • For predicting cost behaviours
  • For assignment to cost objects
  • For decision-making purposes
• Cost accumulation: job order vs. process costing

3. Managerial Accounting: Planning Focus

• Cost behavior: Analysis and use
• Cost-volume-profit relationships
• Variable costing
• Financial planning

4. Managerial accounting: Control focus

• Standard costs
• Flexible budgets
• Relevant costs for decision-making
• Segment reporting and balanced scorecard

5. Special topics (as time permits)

• Regression analysis
• Financial statement analysis
• Cash flow analysis
• Capital budgeting

METHODOLOGIES

• Pre and Post Assessment
• Power point presentation
• Highly interactive session
• Case study
• Group discussion
• Group presentation

ACCOUNTING FOR MANAGERIAL DECISION MAKING

---

How to Register for this Training

To register, please complete the attached registration form and e-mail or fax it back with proof of payment to: The Conference Organizing Committee; contact Person: Mr. Frederick Chizu Simpungwe at:

1. E-mail:info@nit-edu.org
2. Fax No.: +264 886559294 & Cell: +264 81 3294977

We also have Conference Sponsorship and Exhibition Opportunities. If your organization is interested to sponsor or exhibit at this important conference, please contact the office on info@nit-edu.org

Please find attached herewith a registration form with rates and the conference draft program. If you need any further information, please feel free to contact the undersigned.