In this practical webinar, you’ll learn about important developments in management accounting. Upon successful completion of this course, you will be able to:

• Identify important new trends in accounting, including:
  • Channel and customer profitability reporting and analysis
  • Enterprise and corporate performance management methods such as the balanced scorecard, incentive compensation, risk management, and supply chain management
  • The shift from historical reporting to predictive accounting
  • Embedding analytics into managerial accounting
  • Acceptance of two or more co-existing managerial accounting methods
  • Chargebacks to internal users and service level agreements
  • Recognition of barriers slowing the adoption rate of advanced managerial accounting
• Recognize how these trends have changed accountants from “bean counters” to “bean growers”
• Differentiate between strategic KPIs in a balanced scorecard and operational performance indicators in dashboards
• Utilize predictive accounting for driver-based budgets/rolling financial forecasts, what-if analysis, and outsourcing decisions
• Integrate statistics and analytics into product, channel, and customer profitability analysis
• Manage implementation barriers such as behavioral resistance to change and fear of being held accountable