Management Accounting and Decision-Making

By Ted Estacio
Learn how to appreciate how Management Accounting reports can be applied to your businesses through performance measurement, analysis, budgets and forecasts and reports critical to HR, Operations and Audit.

This seminar will give you an appreciation and understanding how Management Accounting can help you in the day-to-day decision-making. At the end of the seminar, you will have a clearer perception of the difference between Financial and Management Accounting.
The participants are expected to learn the following:

  • Difference between Management Accounting, Financial Accounting and Auditing
  • Uses of Management Accounting in the day to day decision process
  • Basis of Management Accounting
  • Steps in using Management Accounting
  • Analysis of Company Operations through Management Accounting
  • Participants will be able to see and learn how to manipulate basic Accounting Reports (Balance Sheet, Income Statement and Cash Flow ) to come up with useful and timely management reports

I. Definition of Management Accounting
II. Uses of Management Accounting
III. Difference between Financial and Management Accounting
IV. Kinds of Management Accounting Reports
V. Problem Solving using Management Accounting Techniques
VI. Management Accounting is not Auditing per se
VII. Basis of Management Accounting
VIII. How to do Performance Measurements
IX. Analysis using Management Accounting
X. Developing Budgets and Forecasts
XI. Summary
Non-Financial Corporate employees
Students of Accounting

TedEstacio earned his Bachelor of Science in Commerce major in accounting from UST and is a CPA by profession. He finished his Masters in Business Administration at DLSU Taft and his Management Development program at the Asian Institute of Management. He also has a Certificate in Cooperative Education from the Marburg University in Germany and is presently an accredited trainor by the Cooperatives DevelopmentAuthority. He is a Licensed Financial Adviser and is a Registered Financial Consultant with the IARFC of Oregon,USA.
Mr. Estacio has long years of working experience in Finance having been with Audit, Credit, Operations Treasury , Finance, Regional Planning and Financial Controllership with different local and multinational companies. His work also included Sales, Sales Services and Marketing focusing on Direct Selling and Network Marketing both here and abroad.
As a trainor, he has coached independent sales force in finance, Operations, Marketing, cooperatives and Entrepreneurship. His clients include multinationals belonging to the top 300 big companies of thePhilippines, the University of Asia and the Pacific, Drake, Beam and Morin and the Center of Small entrepreneurs. He has handled training of senior executives from Avon Regional Office in Hongkong and later on in various cities of Indonesia as Expat-GM in a Malaysian based Network Marketing company. He also trained in the new Service Centers he helped established in Africa more specifically in Uganda, Kenya, Tanzania, Mali and South Africa.