Strategic Cost Analysis and Decision Making
Learn about both basic and advanced financial management to make your business more profitable
Are you effectively handling your business financial management and business decision making tools? What about your information system management? Do you know the significance of taking a balanced scorecard approach? Or the best methods for project implementation and strategy implementation?Today’s financial manager and other decision makers have a lot to worry about to improve a company’s bottom line. The data you gather can be useless if you don’t know what it means or how to apply it.
This financial management course focuses on both basic and advanced techniques of financial management and decision making. Topics covered include:
- Information systems management and decision making criteria
- Financial management solutions
- Rational decision making based on the numbers and decision making strategies
- How to do a cost analysis
Learn through doing
This intensive two-day course places a heavy emphasis on implementation. You’ll participate in a highly interactive environment that combines discussion, group practice sessions, modeling and case studies, and provides ample opportunity to learn from your peers as well as leading university faculty and industry experts.
Who should attend?
This course is designed for:
- Profit center managers
- Controllers
- Accounting and financial professionals
Whether you currently have an integrated management information system in place or are ready to build one, this course will deliver the resources you need to create the most effective system possible. To ensure immediate buy-in, we strongly recommend that you send a team of your firm’s operations and financial personnel. Professionals from all industries will benefit—our course integrates a broad range of examples from both manufacturing and service industry sectors.
“Strategic Cost Analysis and Decision Making" is focused on internal information for decision making, internal cost analysis and assessment. The skills you learn here will help you:
- Assess profitability. Determine the true contribution of each profit center, product line and customer.
- Determine if lean accounting is applicable for you. Identify what is meant by lean accounting, and learn how organizations are applying lean techniques to their financial management systems.
- Ensure that your management and financial systems are coordinated. Don’t let a disconnect between authority and responsibility short-circuit the effectiveness of your information system. We’ll show you how to avoid potential pitfalls.
- Taking a balanced scorecard approach. Learn how to identify and apply a set of metrics that balances various needs and constituencies.
- Evaluate the cost/benefit of operational options. Create metrics that help you to determine whether outsourcing is a benefit or an unnecessary expense.
The University of Wisconsin–Madison, as a member of the University Continuing Education Association (UCEA), authorizes this course for 1.4 Continuing Education Units (CEUs) or 14 hours.
gsrenaski@exed.wisc.edu