INTRODUCTION
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
Introduction to Managerial Accounting training course will teach you the fundamentals of managerial accounting including how to navigate the financial and related information managers need to help them make decisions. You'll learn about cost behavior and cost allocation systems, how to conduct cost-volume-profit analysis, and how to determine if costs and benefits are relevant to your decisions.
OBJECTIVES
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
Introduction to Managerial Accounting
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
COURSE OUTLINE
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
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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 IN-HOUSE TRAINING
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
DOCUMENTATION
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
CERTIFICATES
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00 and conclude at 13:00.
REGISTRATION & PAYMENT
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
LONDON
Oxford Street Offices: London - Oxford Street 25 N Row, London W1K 6DJ
+44 (0) 20 36 916 970
West London Office: 47 49 Park Royal Road London NW10 7LQ +44 (0) 20 80 900 464
info@lpcentre.com
DUBAI
Business Bay - Marasi Drive Churchill Tower commercial1, Office 107 +971 4 421 4616
dubai.training@lpcentre.com
KUALA LUMPUR
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor
+60 19-305 5694
www.lpcentre.com
www.lpcentre.com