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Dubai

Managerial Accounting: Information for Planning, Decision Making and Control

ID  51

Finance and Accounting Training Courses

Managerial Accounting: Information for Planning, Decision Making and Control

Dubai

Hotel Name
Hotel Meeting Room

02 Feb 2025 : 13 Feb  2025

50 Hours

5450 USD

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Training Details

The Course

Managerial accounting is an activity that provides financial and nonfinancial information to business managers and other internal decision makers of an organization. This course examines how managerial accounting information is gathered, and how it is used by business professionals to make effective plans & decisions. Lessons such as fundamentals of managerial accounting, cost accounting concept, and managerial accounting approaches will provide you with the concepts, procedures, and analytical skills you'll need to make informed decisions in today's challenging business world.

Managerial accounting is not as widely used as other forms of accounting, nor is it as known. While companies concern themselves with financial accounting methods like audits, budgets and financial statements, they often completely ignore the forward-thinking methods of managerial accounting.

 

Key points include:

  • Managerial vs. financial accounting
  • Cost-Volume-Profit analysis for decision making
  • Make vs. buy decisions for planning
  • Fixed vs. variable vs. mixed costs for control
  • Capital budgeting that makes a difference

 

The Goals

This course will help you learn how to:

  • Cost terms and Concepts
  • Cost Behavior: Analysis and Use
  • Direct vs. Absorption Costing
  • Overhead Costing for Planning and Control
  • Standard Costs & Variance Analysis
  • Relevant Costs for Decision Making
  • Financial Statement Analysis

 

The Process

This workshop will be highly interactive & participatory. Your seminar leader will present, guide and facilitate learning, using a range of methods including discussions, case studies, real world examples and exercises. Where appropriate, these will include real issues brought to the workshop by delegates. Lessons learned from the seminar will be applied to your own organization.

 

The Benefits

  • The improved appreciation for the accounting approach to planning
  • Reduced inter-functional territorial battles
  • Higher productivity during the decision making process
  • Increased skill set in all phases of accounting
  • Greater ability to use managerial accounting information to control positive outcomes

 

The Results

By successfully completing this course, delegates will be able to:

  • Define managerial accounting & its impact on the organization
  • Make better decisions through the results calculated
  • Maintain better control of all costs
  • Plan more accurately using managerial accounting
  • Describe policies and company components that affect managerial accounting

 

The Core Competencies

Delegates will gain in the following competencies as a result of the program:

  • Using financial information for guiding decisions
  • Understand how to optimize decisions through make vs. buy analysis
  • Be able to develop & critique plans that create results
  • Control variances to industry standards
  • Become comfortable conversing on accounting subjects

 

The Programme Content

Managerial Accounting: a perspective

  • The role of Managerial Accounting
  • Financial vs. Managerial Accounting
  • Cost Accounting vs. Managerial Accounting
  • The work of management
  • The Organization aspects of Managerial Accounting
  • Using Managerial Accounting for planning, decision-making & control

 

Cost Concepts, Terms & Classifications

  • Diff cost s 4 diff purposes
  • Cost classifications
  • Cost by function
  • Product vs. period costs
  • FC, VC & Mixed costs
  • Costs for planning, control & decision making

 

Cost Behavior Patterns

  • Analysis of cost behavior
  • Fixed Costs-committed vs. discretionary
  • Variable costs
  • Semi-variable costs
  • The Contribution Margin approach
  • Comparing Gross Profit to The Contribution Margin

 

Cost-Volume-Profit & Break Even

  • Cost-Volume-Profit & Break Even defined
  • Cost-Volume-Profit analysis
  • Target income calculations
  • Margin of safety calculations
  • Sales mix analysis
  • Break Even analysis

 

Standard Costs

  • Responsibility accounting defined
  • Responsibility centers
  • Standard costs & Variance Analysis
  • Fixed overhead variances
  • VA for factory overhead
  • Absorption vs. direct costing

Relevant Costs

  • Relevant costs defined
  • Decision-making approaches
  • Make vs. buy decisions
  • Sell vs. process decision
  • Lease vs. buy decision
  • Adding or dropping a line decision

 

Capital Budgeting

  • Capital Budgeting decisions defined
  • Capital Budgeting techniques demonstrated
  • Mutually exclusive projects
  • Capital rationing & decision making
  • Investment decisions
  • Decision-making tools

 

Performance Evaluation

  • Division evaluation
  • Return On Investment (ROI)
  • Profit planning
  • Residual income (RI)
  • Controlling results using ROI
  • Controlling results using RI

 

Financial Statement Analysis

  • Ratio overview
  • Liquidity ratios
  • Activity ratios
  • Leverage ratios
  • Profitability ratios
  • Market ratios

 

Statement of Cash Flows

  • P&L to Cash flow analysis
  • Accrual basis of accounting
  • Operations section explored
  • Investing section explored
  • Financing section explored
  • Cash Flow statement to Balance Sheet connection

Day 1 - Asset Cost Management Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 2 - Laying the Groundwork

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 3 - Applying the Value based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 4 - Ensuring the Continuity of the Value-based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

The European Quality of Training and Management Consulting relies on advanced methodology in developing skills and enhancing the effectiveness of human resources. The company adopts modern methods to achieve these goals. In order to achieve its objectives, European Quality follows the following steps in a precise and professional manner:

  • Lectures and Visual Presentations:

    • Theoretical lectures are presented through PowerPoint presentations, videos, and short films, providing a comprehensive and enjoyable learning experience.

  • Scientific Assessment:

    • Trainees are thoroughly assessed before and after the training program to ensure the desired objectives are achieved and to provide necessary guidance.

  • Brainstorming and Role-playing:

    • Innovation and problem-solving are encouraged through brainstorming sessions and role playing experiences.

  • Practical Cases:

    • Practical learning is emphasized through cases relevant to the subject matter and the nature of work for the trainees, contributing to the development of practical skills.

  • Final Evaluation and Certificates:

    • A comprehensive assessment is conducted at the end of the program. Trainees are awarded attendance and participation certificates recognized by the European Quality for Training and Administrative Consultations, provided they have completed at least 80% of the program days.

  • Training Materials:

    • Professional trainers and experts in various fields create scientific and practical training materials, which are printed and retained, and distributed on CD or flash drives to ensure easy access to the content.

  • Post-Training Follow-up:

    • European Quality for Training and Administrative Consultations provides continuous support after the training program. This support includes additional consultancy sessions or workshops to ensure the continuity of learning and the application of acquired skills in the working environment.

  • Customized Training Programs:

    • Training programs are designed to meet the needs of individual companies and institutions. Client needs are carefully analyzed to ensure that the training content aligns with their specific objectives and achieves the desired impact.

  • Utilizing Technology:

    • Training incorporates modern techniques such as online platforms and distance learning to provide flexible and effective learning experiences. Participants can access educational resources online and engage in discussions and online workshops.

  • Specialized Trainers:

    • Trainers and lecturers are carefully selected to ensure they have high expertise in their fields. Experience and professionalism are added to the training to ensure the delivery of high-quality content and effective learning experiences.

  • Encouraging Participation:

    • European Quality encourages active participation and interaction during training sessions. Interactive activities such as group discussions and collective exercises are organized to stimulate effective participation in the learning process.

  • Focus on Personal Transformation:

    • Participants are encouraged to think critically and develop problem-solving skills and decision making abilities. They are guided towards achieving personal and professional transformation, leading to improved performance in their work areas.

  • Continuous Assessment:

    • Continuous assessments are provided to evaluate participants performance and their understanding of the training materials. This assessment is used to modify the training program if necessary and ensure the desired results are achieved.

  • Terms and Conditions:

    • Terms and conditions apply to all training programs. It is assumed that registering for any training program implies the participants agreement to these terms, including registration, payment, and cancellation policies.

  • Prices and Discounts:

    • It is noted that the prices displayed on the website do not include a 5% value added tax. All prices are subject to discounts according to the companys policies.

European Quality of Training and Management Consulting reserves the right to change the location of the training program, change the accredited lecturers for program delivery, hold, or cancel the program in line with the companys vision and program conditions and our quality policy.

European Quality for Training and Consultancy is certified

ISO 9001-2015

All rights reserved

Course Options

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Training other dates & Locations
77
02 Feb 2025   :  13 Feb 2025
Dubai
5450$
03 Feb 2025   :  14 Feb 2025
Boston
12950$
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Roma
7950$
17 Feb 2025   :  28 Feb 2025
Prague
7950$
23 Feb 2025   :  06 Mar 2025
ON LINE
2950$
24 Feb 2025   :  07 Mar 2025
Dublin
7950$
02 Mar 2025   :  13 Mar 2025
Dubai
5450$
03 Mar 2025   :  14 Mar 2025
Cyprus (Larnaka)
7950$
03 Mar 2025   :  14 Mar 2025
Athens
7950$
14 Apr 2025   :  25 Apr 2025
California
9950$
14 Apr 2025   :  25 Apr 2025
Washington
12950$
21 Apr 2025   :  02 May 2025
Milan
7950$
21 Apr 2025   :  02 May 2025
Berlin
7950$
28 Apr 2025   :  09 May 2025
Copenhagen
7950$
04 May 2025   :  15 May 2025
Dubai
5450$
04 May 2025   :  15 May 2025
Beirut
4950$
05 May 2025   :  16 May 2025
Los Angeles
9950$
11 May 2025   :  22 May 2025
Dubai
5450$
12 May 2025   :  23 May 2025
Singapore
8950$
26 May 2025   :  06 Jun 2025
Sydney
8450$
08 Jun 2025   :  19 Jun 2025
Dubai
5450$
15 Jun 2025   :  26 Jun 2025
Riyadh
4950$
15 Jun 2025   :  26 Jun 2025
Cairo
4750$
23 Jun 2025   :  04 Jul 2025
Kuala Lumpur
6950$
29 Jun 2025   :  10 Jul 2025
Dubai
5450$
30 Jun 2025   :  11 Jul 2025
London
7950$
07 Jul 2025   :  18 Jul 2025
Madrid
7950$
13 Jul 2025   :  24 Jul 2025
Kuwait
5750$
14 Jul 2025   :  25 Jul 2025
Beijing
7950$
20 Jul 2025   :  31 Jul 2025
Amman
4950$
27 Jul 2025   :  07 Aug 2025
Dubai
5450$
28 Jul 2025   :  08 Aug 2025
San Francisco
12950$
28 Jul 2025   :  08 Aug 2025
Barcelona
7950$
28 Jul 2025   :  08 Aug 2025
Jakarta
5950$
03 Aug 2025   :  14 Aug 2025
Dubai
5450$
03 Aug 2025   :  14 Aug 2025
Jeddah
4950$
03 Aug 2025   :  14 Aug 2025
Sharm El Sheikh
4950$
11 Aug 2025   :  22 Aug 2025
Amsterdam
7950$
17 Aug 2025   :  28 Aug 2025
Casablanca
5950$
25 Aug 2025   :  05 Sep 2025
Paris
7950$
31 Aug 2025   :  11 Sep 2025
Dubai
5450$
01 Sep 2025   :  12 Sep 2025
Geneva
7950$
08 Sep 2025   :  19 Sep 2025
Vienna
7950$
15 Sep 2025   :  26 Sep 2025
Munich
7950$
15 Sep 2025   :  26 Sep 2025
Istanbul
4950$
15 Sep 2025   :  26 Sep 2025
Florida
12950$
21 Sep 2025   :  02 Oct 2025
Dubai
5450$
21 Sep 2025   :  02 Oct 2025
Alkhobar
4950$
22 Sep 2025   :  03 Oct 2025
Toronto
9950$
28 Sep 2025   :  09 Oct 2025
Manama
5250$
05 Oct 2025   :  16 Oct 2025
Marrakech
5950$
06 Oct 2025   :  17 Oct 2025
Stockholm
7950$
13 Oct 2025   :  24 Oct 2025
Boston
12950$
13 Oct 2025   :  24 Oct 2025
Cape Town
8950$
19 Oct 2025   :  30 Oct 2025
Dubai
5450$
20 Oct 2025   :  31 Oct 2025
Roma
7950$
26 Oct 2025   :  06 Nov 2025
Dubai
5450$
27 Oct 2025   :  07 Nov 2025
Prague
7950$
02 Nov 2025   :  13 Nov 2025
Doha
5950$
03 Nov 2025   :  14 Nov 2025
Dublin
7950$
10 Nov 2025   :  21 Nov 2025
Athens
7950$
17 Nov 2025   :  28 Nov 2025
Lisbon
7950$
17 Nov 2025   :  28 Nov 2025
California
9950$
17 Nov 2025   :  28 Nov 2025
Washington
12950$
23 Nov 2025   :  04 Dec 2025
Dubai
5450$
23 Nov 2025   :  04 Dec 2025
Cairo
4750$
23 Nov 2025   :  04 Dec 2025
Riyadh
4950$
01 Dec 2025   :  12 Dec 2025
Kuala Lumpur
6950$
08 Dec 2025   :  19 Dec 2025
London
7950$
14 Dec 2025   :  25 Dec 2025
Salalah
6450$
15 Dec 2025   :  26 Dec 2025
Madrid
7950$
15 Dec 2025   :  26 Dec 2025
Zurich
8450$
21 Dec 2025   :  01 Jan 2026
Kuwait
5750$
22 Dec 2025   :  02 Jan 2026
Beijing
7950$
22 Dec 2025   :  02 Jan 2026
Tbilisi
7450$
28 Dec 2025   :  08 Jan 2026
Dubai
5450$
29 Dec 2025   :  09 Jan 2026
Munich
7950$

Result -->

12 Courses

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