Скачать с ютуб Day-19: Managerial Accounting | Daily MBA | FBS | Future Business School в хорошем качестве

Day-19: Managerial Accounting | Daily MBA | FBS | Future Business School

Day-19: Managerial Accounting | Daily MBA | FBS | Future Business School Description: Welcome to Day-19 of the Daily MBA series at Future Business School! Today’s topic is Managerial Accounting, a powerful tool that helps managers within organizations make informed decisions by providing relevant financial and non-financial information. Unlike financial accounting, which is aimed at external stakeholders, managerial accounting focuses on internal decision-making and is essential for strategic planning, performance evaluation, and cost control. Topics Covered: What is Managerial Accounting? Managerial accounting is the process of identifying, analyzing, and interpreting financial data to assist management in planning and decision-making. This type of accounting focuses on internal operations rather than external reporting. Difference Between Financial and Managerial Accounting: Discover how financial accounting and managerial accounting differ in purpose, audience, and reporting requirements. Managerial accounting is forward-looking, providing data to help with future business decisions, while financial accounting reports past performance for external stakeholders. Cost Concepts in Managerial Accounting: Understand the fundamental concepts of cost, including: Fixed Costs: Costs that remain constant regardless of production volume. Variable Costs: Costs that fluctuate based on production levels. Direct vs. Indirect Costs: Learn how to differentiate between costs directly tied to production and those that support the overall operation. Cost-Volume-Profit (CVP) Analysis: Explore the Cost-Volume-Profit relationship, which helps managers understand the impact of changes in costs, sales volume, and prices on a company’s profitability. Learn about the break-even point and how it’s used for decision-making. Budgeting and Forecasting: Learn the importance of creating budgets for financial planning and how forecasting helps predict future financial conditions. Understand different types of budgets, such as operating budgets, capital budgets, and cash flow budgets. Variance Analysis: Dive into variance analysis, which compares actual performance to budgeted targets, helping managers identify areas where performance deviates from expectations. Learn how to calculate and interpret variances to improve efficiency and profitability. Activity-Based Costing (ABC): Understand how Activity-Based Costing assigns overhead and indirect costs to specific activities, helping managers identify which products or services are more profitable and where inefficiencies exist. Balanced Scorecard: Learn about the Balanced Scorecard, a strategic planning tool that helps managers evaluate performance beyond financial measures, including customer satisfaction, internal processes, and innovation. Performance Measurement and KPIs: Explore Key Performance Indicators (KPIs) used in managerial accounting to measure efficiency, effectiveness, and overall business performance. Understand how to select and monitor the right KPIs for your business goals. Decision-Making Tools in Managerial Accounting: Learn about key decision-making tools like marginal costing, make-or-buy analysis, and capital budgeting techniques (e.g., Net Present Value (NPV) and Internal Rate of Return (IRR)) that help managers evaluate potential projects and investments. Case Studies and Real-World Applications: Analyze real-world case studies where managerial accounting has been used to improve decision-making, optimize costs, and enhance profitability. Understand the practical applications of managerial accounting techniques in different industries. Join us for an in-depth look at how managerial accounting plays a vital role in business strategy, performance measurement, and decision-making for sustainable growth! #ManagerialAccounting #DailyMBA #FutureBusinessSchool #BusinessFinance #CostAccounting #Budgeting #DecisionMaking #FinancialPlanning #BusinessStrategy #PerformanceMeasurement