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:
This course will help you learn how to:
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.
By successfully completing this course, delegates will be able to:
The Core Competencies
Delegates will gain in the following competencies as a result of the program:
The Programme Content
Managerial Accounting: a perspective
Cost Concepts, Terms & Classifications
Cost Behavior Patterns
Cost-Volume-Profit & Break Even
Financial Statement Analysis
Statement of Cash Flows
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