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Management Accounting: Planning, Control and Decision Making

Management Accounting: Planning, Control and Decision Making


Management Accounting: Planning, Control and Decision Making


This course is intended for those who need to obtain a better understanding of the principles of accounting and financial management. The subject will introduce you to the role that effective accounting management makes within an organization. The objective is ensure that you are proficient in the use of the accounting data that you will handle in your work environment, as well as making you aware of the criteria and basis on which key financial decisions are made.

You will be introduced to the basic concepts of financial and accounting decision-making and the role of accounting management. The concepts and techniques will enable you to use and interpret of accounting information and you will become better acquainted with the planning and controlling of resources you have at your disposal.


By the end of the course, participants are expected to:

  • Develop an understanding of the more important concepts and components in accounting management.
  • Provide frameworks to formulate and appraise accounting concepts, strategies and policies.
  • Apply these techniques in business situations (both private and public).
  • Understand the interface between financial management and the other functions in an organization.
  • Demonstrate an understanding of the nature of financial management and basic accounting principles.
  • Analyse the accounting and financial environment of various organizations.
  • Analyse both short and long term investment decisions, and interpret both internal and external financial reports.


The training course will cover the following topics:

Introduction and Overview:

  • The nature of accounting.
  • The differences between financial and managerial accounting.
  • The desirable characteristics of accounting information.
  • The principles of effective financial management.
  • The differences between accounting and financial management in the private sector and public sector.
  • The background to the preparation of the key financial accounting statements.
  • The structure and content of three primary financial statements.
  • The balance sheet
  • The statement of financial performance (which is either a Profit and Loss Account for a private sector activity or an operating statement for public sector organisations).
  • The cash-flow statement.
  • The legal and quasi-legal background to financial reporting.
  • The role of external audit in relation to annual financial reports.

Short-term Decision Making:

  • Short-term decisions are mainly concerned with making the most cost-effective and profitable use of existing resources.
  • The meaning of “avoidable cost” and “attributable” cost.
  • The basic techniques of cost estimation.
  • The use of cost-volume-profit charts in order to determine break-even activity levels, profit and contribution.
  • The attributes of ABC costing for activity-based (cost) management.
  • The uses and limitations of cost information for determining and reviewing prices.

Budgetary Control- Planning and Decision Making

  • •Budgeting: Financial budgets and forecasts.
  • Steps of proper budgeting Assumptions.
  • Data collection.
  • Budget formulation: Budget procedure.
  • Types of budgets.
  • Different kinds of budgeting methods,(e.g. zero based, activity based).
  • How to develop a budgeting methodology.
  • How to evaluate the output from budget preparation.
  • Budgetary control.
  • Budget follow-up and reports: Performance review.
  • Variance determination.
  • Revisions of budgets and forecast.

Who Should Attend?

  • Managers with direct accounting responsibilities
  • Cost and management accountants.
  • Senior managers who supervise people with financial responsibilities.
  • Financial and budget controllers who are moving to wider responsibilities.
  • Managers who need to know more about business budgeting, costing terms and techniques.
  • Managers who have to plan, cost and budget new business ventures.
  • Managers and Supervisors from every business discipline and department who have to run departments and plan, cost and budget during their business lives.
  • Managers who require a refresher program on the topic or who would benefit from having an opportunity to consider new ideas and methods.
  • Accountants, accounting managers, cost accountants, cost analysts, budget analysts,systems analysts, auditors and financial planners.


Kuala Lumpur

# Price ($) From
To Action
1 2,750 19-02-2018 23-02-2018 Enquire
Course Code:2529
2 2,750 16-04-2018 20-04-2018 Enquire
Course Code:2530
3 2,750 18-06-2018 22-06-2018 Enquire
Course Code:2531
4 2,750 20-08-2018 24-08-2018 Enquire
Course Code:2532
5 2,750 15-10-2018 19-10-2018 Enquire
Course Code:2533
6 2,750 17-12-2018 21-12-2018 Enquire
Course Code:2534


# Price ($) From
To Action
1 3,250 07-01-2018 11-01-2018 Enquire
Course Code:2685
2 3,250 11-03-2018 15-03-2018 Enquire
Course Code:2686
3 3,250 13-05-2018 17-05-2018 Enquire
Course Code:2687
4 3,250 08-07-2018 12-07-2018 Enquire
Course Code:2688
5 3,250 09-09-2018 13-09-2018 Enquire
Course Code:2689
6 3,250 11-11-2018 15-11-2018 Enquire
Course Code:2690


# Price ($) From
To Action
1 4,250 08-01-2018 12-01-2018 Enquire
Course Code:4384
2 4,250 12-03-2018 16-03-2018 Enquire
Course Code:4385
3 4,250 14-05-2018 18-05-2018 Enquire
Course Code:4386
4 4,250 09-07-2018 13-07-2018 Enquire
Course Code:4387
5 4,250 10-09-2018 14-09-2018 Enquire
Course Code:4388
6 4,250 12-11-2018 16-11-2018 Enquire
Course Code:4389