Essentials of Management Accounting

  • Course Details:

    Ref: FMA9 Length: 2 Weeks
    Location: London Price: £5290 excl. VAT

Introduction

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.

Who should attend

The Essentials of Management Accounting training course is for executives and persons responsible from the fields of corporate accounting, who wish to develop their skills and improve their qualification; managers from all fields, in particular from the field of technology and distribution, who seek a better understanding of the terms, contents, and the interpretation of the results provided by controlling and decision makers, who are dependent on controlling-related documents and wish to discuss them on an equal basis.

Course Content

ccounting-Basics

  • Accounting Systems – Overview,
  • Tasks and Definitions
  • 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.)
  • Activity-based costing
Further Aspects
  • Basic forms of strategic Management Accounting (Target Costing, Life-Cycle-Costing)
  • Controlling as the coordination of the entire management system

Financial Planning and 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

Learning Outcome

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

Want to make an enquiry on Essentials of Management Accounting Training Course?

Please call us on +44 (0) 207 112 4846, email us at training@boc-uk.com or complete our on-line form below.

Small Classes

With small class sizes, much more individual attention can be given to each delegate.

Competitive Pricing

We believe our prices are very competitive and our quality is second to none.

Friendly Staff

Our friendly Customer Support team is here to help you with every step of the way to make your BOC experience comfortable and welcoming.

WAYS TO REGISTER FOR OPEN FINANCE TRAINING COURSES

Course registrations can be made via our website either from individual course pages or through our booking page.

Alternatively, you can download and complete course application form and send via email: training@boc-uk.com or        fax: +44 (0) 207 112 4845 Call: +44 (0) 207 112 4846

BOC APPROACH

Why Choose BOC?

Commitment to Quality

We strive to provide the best service possible, with the highest regards to quality and professionalism.

Different trainers every day

Each day we have different trainers to maximise the experience sharing.

Kindle for every BOC Delegate

to promote paper free environment, we are giving Kindle Fire to our delegates instead of the course binder.

Luxury Course Venue

All our Training Courses take place at the luxury 4-5 Star hotels located in central London

Certificate of Achievement

At the end of the programme participants will receive a certificate of achievement.

FREE On-going Support

Each delegate receives unlimited support from the trainers after they attended the course with us.

TAILORED MADE / IN-HOUSE MANAGEMENT TRAINING COURSES

All of our open courses can also be run as bespoke courses, tailored to your organisation's specific needs and requirements. Our Tailored Management Training comes in many formats from one-to-one through to fully customised company wide programmes.

To find out more email: training@boc-uk.com or call us on +44 (0) 207 112 4846

ONE TO ONE COACHING & MENTORING

All of BOC open courses can also be run as One to One Training Sessions, where delegate gets a dedicated trainer for their specific learning requirements. This mode of training is highly preferred by those who need undivided attention of the instructor for a fulfilling learning experience. The courses can be tailored to suit the individual needs of the organisation and the delegate.

To find out more email: training@boc-uk.com or call us on +44 (0) 207 112 4846

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RELATED READING

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The new fourth edition of Management Accounting by Professor Will Seal offers comprehensive coverage as well as a balance between the technical and conceptual approaches to management accounting. Retaining its student friendly writing style and practical approach, it is the ideal text for students studying management accounting across a variety of levels, from introductory through to advanced levels.

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