DUBLIN--(BUSINESS WIRE)--The "Essentials of Management Accounting" training has been added to ResearchAndMarkets.com's offering.
The Essentials of Management Accounting two weeks course is aimed at financial managers and staff who need to acquire and apply essential management accounting skills and financial management knowledge and skills.
Management accounting is a methodology employed by a company's senior management team to extract business-critical data, such as that regarding the firm's financial position, so that vital day-to-day operational decisions can be made.
By the end of the course, participants will be able to:
- Gain a sound insight into the current systems of Management Accounting
- Learn the principles of production accounts and look at different costing and accounting systems
- Know the essential requirements for a meaningful Management Accounting system and its components
Course Content
Accounting - Basics
- Accounting Systems - Overview
- Tasks and Definitions
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Harmonisation of Management Accounting and Financial Accounting
Basic Systems of Management Accounting
- Actual cost system (Cost Type-, Cost Center- and Cost Unit Accounting)
- Standard Marginal Cost Accounting (Allocation base planning, cost classification, standard costing)
- One- and multi-level contribution margin accounting
- Use of contribution margin accounting for decision support (program planning, order acceptance, price limits, Break Even-analyses, etc.)
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Activity-based costing
Further Aspects
- Basic forms of strategic Management Accounting (Target Costing, Life-Cycle-Costing)
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Controlling as the coordination of the entire management system
Financial Planning & Control
- Why organisations set out financial plans in the form of budgets
- How to prepare functional budgets
- How to prepare a master budget' based on functional budgets
- How to interpret budget statements and so advise managers on financing projected cash shortfalls and/or investing projected cash surpluses
- Fixed and flexible budgets
For more information about this training visit https://www.researchandmarkets.com/research/4692m7/10day_course?w=4
