Course description
Managerial accounting is what managers use to measure the success or failure of the business and if the business is meeting its goals. Basically, it’s a way for managers to tell whether their department or project is doing well and meeting expectations. Management goals could have to do with cost cutting or production output.
Managerial Accounting specifically addresses the elements of accounting that are useful for running a business, which means it’s vital for students pursuing Business degrees, employees looking to increase their skill set and business owners looking to increase profits
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Introduction to Managerial Accounting training course is ideal for
- Anyone interested in taking up on a managerial role
- Non-financial managers,
- Anyone in a middle or senior managerial or leadership position,
- Those aspiring to move into such a role.
- Those working in finance to refresh their knowledge
Outcome / Qualification etc.
By the end of the Introduction to Managerial Accounting training course, you will be able to:
- Understand what managerial accounting is and why it is important.
- Describe fundamental concepts of managerial accounting.
- Apply the financial perspective of accounting for costs.
- Describe different types of costs and how they are represented graphically
- Conduct cost-volume-profit analyses to answer questions around breaking even and generating profit
- Calculate and allocate overhead rates within both traditional and activity-based cost allocation systems
- Distinguish costs and benefits that are relevant from those that are irrelevant for a given management decision
- Determine a reasonable course of action, given the financial impact, for a given management decision
Training Course Content
Day 1
Introduction to Managerial Accounting
- Managerial Accounting and Cost Terms
- Cost Behaviour and Cost-Volume-Profit Analysis
- Job Order Cost Accounting
- Performance management
Day 2
Process Cost Accounting
- Cost-Volume-Profit Analysis
- Master Budgets and Planning
- Cost management
Day 3
Internal controls
- Standard Costs and Flexible Budgets
- Capital Budgeting Fundamentals
- Relevant Costs and Decision Making
Day 4
Cost behaviour
- Fixed VS. Variable Costs
- Mixed Costs
- High-Low Method
- Absorption VS. Variable Costing
- Variable Costing (Problem Solving)
Day 5
Professional ethics for management accounting professionals
- Financial statement analysis
- Corporate finance
- Decision analysis and risk management
- Investment decision
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...