• 2008.04.24 - 04.27   [Beijing]   Chinese
• 2008.07.16 - 07.19   [Shanghai]   Chinese

Dear Executives,

Managerial Accounting for Decision Makers Programme covers some of the most fundamental and essential material in a business school curriculum. As the basis of managerial decision making, contracting and performance measurement, managerial accounting concepts and skills play a central role in virtually every business and personal transaction you conduct.

Although based on economic common sense, management accounting principles are often counter-intuitive, and it is easy to get them wrong (as we'll see). Getting them wrong could have disastrous consequences for you and for your firm (as we will also see). Getting them right will boost your productivity and effectiveness, and give you and your firm an advantage over your competitors.

Managerial accounting is much like driving a car. While it may be helpful or even enjoyable to study its principles or watch someone else do it, there is simply no way to really understand it but to do it yourself. For this reason, we will spend a significant portion of our class (and study) time practicing its applications using real-world cases. I also encourage participants to bring your own insight and questions into our discussion.

Sincerely,
 
Xu Dingbo
Programme Director

At the end of the programme, participants will:

• be able to examine cost relations and types and apply cost-volume-profit (CVP) analysis
• become skilled at relevant cost analysis (arguably the most important principle in all of management)
• understand activity-based costing (ABC), product costing and pricing
• appreciate the roles of budgeting, standard costing and variance analysis
• be able to construct a general guideline for determining optimal transfer prices
• gain deeper understanding of performance evaluation, performance metrics, and management compensation
• be able to employ accounting data appropriately in managerial decision making

• Cost classifications
• Cost-volume-profit analysis (cost structure analysis)
• Job order costing and Activity-based costing
• Relevant costs for operating decisions
• Standard costs and variances analysis
• Transfer pricing
• Performance measurement and evaluation
• Stock options and executive compensations

Day 1

morning

• Cost clarifications
• Cost-volume-profit analysis (cost structure analysis)
• Case discussion: A Tale of Two Companies-The Cost Structures of Two US Airlines

afternoon

• Cost structure analysis (continued)
• Job order costing
• Activity-based costing
• Case discussions: Youngstown Products / Wilkerson Company

Day 2

morning

• Cost allocation

afternoon

• Relevant costs for operating decisions
• Case discussion: Performance Motors

Day 3

morning

• Standard costs and variances
• Case discussion: Dynamo Rackets / Using Variance Walk to analyse performance

afternoon

• Transfer pricing
• Case discussion: The Regulite Corporation

Day 4

morning

• Performance measurement and evaluation

afternoon

• Stock options and executive compensations
• Case discussion: IBM vs. Microsoft

The course will be held in Shanghai and Beijing.

• Shanghai session: CEIBS campus, 699 Hongfeng Road, Pudong, Shanghai
• Beijing session: CEIBS Beijing Representative Office, 3/F Raycom InfoTech Park Tower A, 2 Kexueyuan South Road, Zhongguancun, Beijing

Applications are reviewed as they arrive. Completed applications must be received 15 working days before the start of the programme. Any applications received after that date will be considered on a space-available basis. Please address all applications and enquiries to our customer service team in Shanghai, Beijing and Shenzhen.

If a confirmed booking is cancelled within 15 working days before the programme's start, or if the nominee fails to attend the course, we will charge a cancellation fee that amounts to 20 per cent of the tuition fee. If applicants are unable to attend the programme, the transfer to another CEIBS programme can be made only within the same calendar year. When a request for changing candidate(s) for the same programme is made less than 15 working days before the start of the programme, the seat(s) will not be guaranteed.

* CEIBS reserves the right to amend information on this programme including price, date, location, faculty, daily schedule and other details.

Online Application Status and Payment Status
Click here >>

Professor Xu uses vivid cases and humourous language to clearly explain the conceptual framework, analysis of cost and capital structure of managerial accounting, and understand the meaning behind the numbers. He also provide a lot of improvement plans.

Su Hua
Vice General Manager
Oberthur Card Systems

During the 4-day programme, Professor Xu delivered brilliant lectures on managerial accounting that turned the boring subject into crystal clear ideas, rich in its connotation. As an executive without any financial background, the programme helps me clarify many misperceptions on managerial accounting. I have also learned how to read between seemingly simple figures and detect what they imply with respect to corporate operation and trend of development.

Mauranna Tan
General Manager
Anhui Liyuan-AES China Power Co., Ltd.