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