COURSE OVERVIEW

This course has been designed for delegates who desire a substantial grounding in the fundamentals of management accounting in different organizations and environments. During the course you will examine different approaches to issues and problems in management accounting. You will explore how to communicate management accounting information effectively and appropriately. Spreadsheets, information and communication technologies, and fundamental business mathematics are some of the methods you will use.

Financial Planning and the preparation of budgets are essential skills for anyone in the position of responsibility. Many budget holders are also responsible for setting selling prices and controlling costs. This course will help you to understand the language and processes of budgeting, costing and pricing. This course is designed for managers both in the public and private sector, who wish to get the most out of budgets, whether it be during preparation, review or end use

COURSE OBJECTIVES

• How the budget relates to the two key financial statements: balance sheet and income statement
• Prepare a budget consistent with the organization’s strategic plan
• Use appropriate estimation techniques in the development of revenue and expense budgets
• Identify all the appropriate costs to be included in a capital expenditure proposal
• Analyze management cost reports and take corrective action
• How to apply your knowledge and understanding of management accounting accurately to a range of issues, questions and problems.
• Techniques to evaluate and interpret management accounting in a range of contexts. How to describe, apply, analyze and synthesize management theory, and economic theory and practice in relation to business management.
• Explore relevant theory to the real-world business problems through analytical approach.

• The basic concepts on management accounting and how to apply the same in practices at intermediate and advanced level.

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