Professional Training
4.5 (2 Reviews)

Advanced Management Accounting

2 weeks
5,735 GBP excl. VAT
Next course start
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Course delivery
2 weeks
5,735 GBP excl. VAT
Next course start
Enquire for more information See details
Course delivery
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Course description

Advanced Management Accounting

This course explains the nature of management accounting and how it aids managers' decision-making. It looks at the impact that varying levels of costs and volume have on operating profit. The course also demonstrates how budgets are used to control and monitor the performance of an organization.

Investment appraisal aids decision-making when choosing capital projects that add value to an organization. This course demonstrates techniques to track the financial performance of an organization.

By attending this course, finance teams will recognize how the need to change is constant.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Upcoming start dates

1 start date available

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  • Classroom
  • London

Suitability - Who should attend?

Target Audience

This course is suitable for:

  • Staff responsible for budget preparation and reporting.
  • Managers who are budget holders or have budget responsibility.
  • Staff with planning responsibility who need a deeper understanding of costs and budgets.
  • Those who wish to extend their understanding of the management accounting function to a more strategic level.
  • Finance staff who are in a position to make managerial decisions.
  • Non-financial staff who need to understand the accounting function at a strategic level.

Outcome / Qualification etc.

Learning Outcomes

Upon completion of this course, you will understand:

  • Understand how the finance function can create a decision support structure for managers.
  • Explain the relationship between cost, volume and profits and why this is important to managers.
  • Explain the scope of budgeting as a planning and control tool.
  • The investment appraisal process and its management.
  • Why and how measuring performance answers the question did we achieve what we set out to achieve and how do we spot warning signs on the way.
  • How and why finance teams need to question and enhance the relevance of their function.
  • How to implement an Action Plan at your workplace using the knowledge and skills acquired through the course.

Training Course Content

Accounting for Decision-making

  • Key characteristics of accounting information
  • The role of information technology
  • Commercial objectives
  • Capex and opex

The Key Relationship – Cost, Volume, Profits

  • Costs for decision-making
  • Breakeven analysis
  • Types of profit
  • Cost management strategies

Control through Budgeting

  • Corporate plans
  • Budgets and forecasts
  • Types of budgets
  • Behavioural aspects of budgeting

Management Accounting – Importance of Stakeholder Value

  • Defining the identity and grouping of stakeholders
  • Defining stakeholder value of each group
  • Creating the appropriate range of performance indicators

Investment Appraisal for Capital Decisions

  • Methods of investment appraisal
  • Non-financial aspects of investment appraisal
  • Risk in investment appraisal
  • Financial management of capital projects

Measuring Financial Performance

  • Comparison of performance to budgets
  • Accounting for responsibility
  • The importance of performance indicators
  • The Balanced Scorecard

Changing Nature of Managerial Accounting

  • Roadmap for finance effectiveness
  • From tangibles to intangibles
  • The stakeholder model of an organization
  • Beyond budgeting

Understanding Financial Data Analytics

  • The properties of data
  • Steps in the analytics process
  • How organizations use analytics

Course Review

  • Summary and recap of key learning objectives
  • Action Planning

Why choose London Business Training & Consulting

Management consultation service 

Paperless service delivery model

Flexible open course schedule


Course Price: £5735.00 + VAT

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Average rating 4.5

Based on 2 reviews.
Write a review!
Ali Al-Wadaani
18 Dec 2019

I learnt a lot during the training. The course administrators were good and would interact with us daily.

Ali Al-Wadaani
18 Dec 2019

I learnt a lot during the training. The course administrators were good and would interact with us daily.

London Business Training & Consulting
One Lyric Square
W6 0NB London

London Business Training & Consulting

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consultancy service provider. LBTC offers 600 management training courses in sixteen (16) subject categories of durations ranging from 1 day to 11 weeks. This includes 90-minute interactive live...

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