Course description
Management Accounting Essentials Workshop
This training workshop 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 training workshop also demonstrates how budgets are used to control and monitor the performance of an organization.
Upcoming start dates
Suitability - Who should attend?
Target Audience
This training workshop 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.
Outcome / Qualification etc.
Learning Outcomes
Upon completion of this training workshop, you will be able to:
- 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.
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
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
Expenses
Course Price: £2055.00 + VAT
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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...