The Faculty of Accounting & Auditing organized the academic webinar on “F2 – Management Accounting, Cost Management"

(VLU05/9/2021) – As a part of the “F2 – Management Accounting, Cost Management” course, the Faculty of Accounting & Auditing organized the Academic Webinar on “F2 – Management Accounting, Cost Management” and welcomed 250 participating students.

As the Faculty of Accounting & Auditing at Van Lang University demanded to offer the students more engagement with the foreign visiting lecturers, it had organized the webinar on “F2 – Management Accounting, Cost Management.” The activity welcomed two visiting lecturers from Feng Chia University (Taiwan). Associate Professor Li Jiuen and Assistant Professor Han-Fang Tsai had provided the students with professional knowledge in management accounting and cost management in Accounting – Auditing fields.

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With the topic of “Capital Budgeting”, the webinar with Associate Professor Li Jiun Chen covered the evaluating methods, evaluating procedures, and project cost-forecast to help the students acquire an in-depth understanding of the current financial situation and management accounting roles, especially for a company’s cash flow and budget forecasting. The provided knowledge is essential for a company’s operating, controlling, and evaluating process. The excel formulas that Associate Professor Li Jiun Chen introduced were efficient tools to help deal with long-term projects. Through an online platform, the students engaged professional knowledge in management accounting with Assoc. Prof. Li Jiun Chen’s detailed outline. It helped the students evaluate and assess a project to forecast and control a company’s financial situation.

The next part of the webinar was about cost management. In this session, Assistant Professor Hang-Fan Tsai introduced the evaluations and analyses for Activities-Based Costing (ABC) – one of the world’s most popular management accounting tools in the 90s. Modern companies tend to spend more on indirect costs, so ABC should be a capable tool to help them analyze the costs and profits precisely.

During the webinar, VLU students had confidently asked questions, discussed, and spoke out their ideas, which resulted in informative explanations from the speakers. What they had learned from the event shall help improve their professional knowledge and be helpful for their future career.

Reporter: My Tien

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