14 August 2022 09:00 AM
Until
18 August 2022
01:00 PM
Course Information :
Course Fees: 2950 GBP - Learning Method: Zoom App & Skype Business
Introduction
As accounting increasingly becomes decentered from the accounting department in organizations, line managers in all functional areas of business are expected to be able to prepare budgets, develop business cases for capital investment, and exercise cost control to ensure that profit targets are achieved.
Managers are also expected to be able to analyze and interpret accounting information so that marketing, operations and human resource decisions are made in the light of an understanding of the financial implications of those decisions.
This course will introduce delegates to the systems and structures of financial and management accounting and their value in ensuring the success of the business.
Objectives
Understand the accounting and the role of management accounting.
Determine the recent developments in management accounting.
Determine transactions, accounting system and the double entry.
Understand Strategic management accounting and Concepts.
Definite Reporting for profitability, financial position and cash flow.
Managing debtors, stock and creditors.
Using Accounting Information for Decision-Making, Planning and Control.
The Content:
Day One:
Introduction to Accounting
Accounting, accountability and the account
The role of management accounting
Recent developments in management accounting
A critical perspective
Day Two:
Recording Financial Transactions and the Limitations of Accounting
Business events, transactions and the accounting system
The double entry: recording transactions
Principles and limitations of accounting
Cost terms and concepts
Strategic management accounting
Day Three:
Constructing Financial Statements and the Framework of Accounting
Financial accounting
Reporting profitability
Reporting financial position
Accruals accounting and Depreciation
Reporting cash flow
Working capital
Managing debtors, stock and creditors
Day Four:
Using Accounting Information for Decision-Making, Planning and Control
Interpreting financial statements
Ratio analysis
Interpreting financial information using ratios
Social and environmental reporting
Creative accounting and ethics
Day Five:
Decisions Making of Marketing, Operating, Human Resources, Accounting and Strategic Investment
Marketing strategy and Cost behavior
Cost, volume, profit analysis
The operations function
Managing operations – manufacturing
Managing operations – services
The cost of labor
Business processes and activity-based costs
Cost classification Product and period costs, Direct and indirect costs
Calculating product/service costs
Investment appraisal
Accounting rate of return