Foundations of Managerial Accounting

Introduction

• Benefits of managerial accounting

1. Understanding Managerial Accounting

• What is managerial accounting?
• Types of managerial accounting
• The bigger picture

2. Applications of Managerial Accounting

• Lean accounting
• Activity-based costing
• Lifecycle costing
• Project accounting

3. Managerial Accounting in the Real World

• Case study: Insource vs. outsource payroll
• Strategic goals and outcomes
• Outputs that matter
• Information needs
• Assumptions and business rules
• Preparing a model

4. Managerial Accounting Integration

• Building capability

Conclusion

• What to do now