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Significance of Management Accounting and its Activities_ Planning, Control and Decision Making

Significance of Management Accounting and its Activities_ Planning, Control and Decision Making

ACCOUNTING, FINANCE AND BANKING


Significance of Management Accounting and its Activities:  Planning, Control and Decision Making

Introduction: 

This course is introduced to you by the International Academy of Human Resource Development (IAHRD). IAHRD is offering  the' Significance of Management Accounting and its Activities:  Planning, Control and Decision Making' Course which is specially designed for you. It is modeled after professionals in the field of accounting and decision making to make you receive the highest quality materials.

The syllabus will introduce you to the role of effective accounting management in organisations. You will also be introduced to significant concepts in management accounting, financial management nature, short and long term analysis and many other critical topics in the world of business. As usual , never forget that we'll guide you to the right track and always be there for you!

 

Objectives: 

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

  1. Develop a better understanding of  important concepts in management accounting.
  2. Analyse and establish frameworks, to use them in formulation and appraisal of accounting concepts, strategies and policies.
  3. Be willing to apply these approaches  in different business situations, especially the critical ones.
  4. Distinguish between the functions of financial management and the other functions in the organization and how do they overlap.
  5. Clarify the financial management nature as well as some basic accounting principles.
  6. Analyse the financial environment of various organizations.
  7. Interpret and make right short and long term Investment decisions, as well as  internal and external financial reports.

 

Contents: 

 

Module 1:

  1. The nature of accounting.
  2. The differences between financial and managerial accounting.
  3. The desirable characteristics of accounting information.
  4. The principles of effective financial management.
  5. The differences between accounting and financial management in the private sector and public sector.
  6. The background to the preparation of the key financial accounting statements.
  7. The structure and content of three primary financial statements.
  8. The balance sheet.
  9. 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).
  10. The Cash-Flow statement.
  11. The Legal and Quasi-Legal background to financial reporting.
  12. The role of external audit in relation to annual financial reports.

 

Module 2: 

  1. Short-Term decisions are mainly concerned with making the most cost-effective and profitable use of existing resources.
  2. The meaning of “Avoidable Cost” and “Attributable” cost.
  3. The basic techniques of cost estimation.
  4. The use of Cost-Volume-Profit charts in order to determine Break-Even activity levels, profit and contribution.
  5. The attributes of ABC Costing For Activity-Based (Cost) Management.
  6. The uses and limitations of cost information for determining and reviewing prices.

 

Module 3:

  1. Budgeting: Financial budgets and forecasts.
  2. Steps of proper budgeting assumptions.
  3. Data collection.
  4. Budget formulation: Budget procedure.
  5. Types of budgets.
  6. Different kinds of budgeting methods,(E.g. zero based, activity based).
  7. How to develop a budgeting methodology.
  8. How to evaluate the output from budget preparation.
  9. Budgetary control.
  10. Budget follow-up and reports: Performance review.
  11. Variance determination.
  12. Revisions of budgets and forecast.

 

Who Should Attend? 

  • Managers with direct accounting responsibilities
  • Cost and management accountants who seek proficiency.
  • Senior Managers who supervise employees with financial responsibilities.
  • Finance and Budget Controllers who want to develop their careers to have higher positions with wider responsibilities.
  • Managers or specialists who have to plan for and budget new business ventures.
  • Supervisors from different departments who want to increase their efficiency and affectivity.
  • Managers who want to stop repeating themselves ,so they're looking for new ideas and methods.
  • Accountants , Cost Analysts, Budget Analysts,Systems Analysts, Auditors And Financial Planners.

 

Istanbul

# Price ($) From
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1 3,250 24-02-2019 28-02-2019 Enquire
Course Code:43
2 3,250 21-04-2019 25-04-2019 Enquire
Course Code:44
3 3,250 23-06-2019 27-06-2019 Enquire
Course Code:45
4 3,250 25-08-2019 29-08-2019 Enquire
Course Code:46
5 3,250 20-10-2019 24-10-2019 Enquire
Course Code:47
6 3,250 22-12-2019 26-12-2019 Enquire
Course Code:48

Kuala Lumpur

# Price ($) From
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1 2,950 18-02-2019 22-02-2019 Enquire
Course Code:307
2 2,950 15-04-2019 19-04-2019 Enquire
Course Code:308
3 2,950 17-06-2019 21-06-2019 Enquire
Course Code:309
4 2,950 12-08-2019 16-08-2019 Enquire
Course Code:310
5 2,950 14-10-2019 18-10-2019 Enquire
Course Code:311
6 2,950 16-12-2019 20-12-2019 Enquire
Course Code:312

London

# Price ($) From
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1 4,500 11-02-2019 15-02-2019 Enquire
Course Code:571
2 4,500 08-04-2019 12-04-2019 Enquire
Course Code:572
3 4,500 10-06-2019 14-06-2019 Enquire
Course Code:573
4 4,500 05-08-2019 09-08-2019 Enquire
Course Code:574
5 4,500 07-10-2019 11-10-2019 Enquire
Course Code:575
6 4,500 09-12-2019 13-12-2019 Enquire
Course Code:576

Amsterdam

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1 4,500 25-02-2019 01-03-2019 Enquire
Course Code:814
2 4,500 24-06-2019 28-06-2019 Enquire
Course Code:815
3 4,500 21-10-2019 25-10-2019 Enquire
Course Code:816

Athens

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1 4,500 18-02-2019 22-02-2019 Enquire
Course Code:946
2 4,500 17-06-2019 21-06-2019 Enquire
Course Code:947
3 4,500 14-10-2019 18-10-2019 Enquire
Course Code:948

Barcelona

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1 4,500 11-02-2019 15-02-2019 Enquire
Course Code:1078
2 4,500 10-06-2019 14-06-2019 Enquire
Course Code:1079
3 4,500 07-10-2019 11-10-2019 Enquire
Course Code:1080

Copenhagen

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1 4,500 04-02-2019 08-02-2019 Enquire
Course Code:1210
2 4,500 03-06-2019 07-06-2019 Enquire
Course Code:1211
3 4,500 30-09-2019 04-10-2019 Enquire
Course Code:1212

Frankfurt

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1 4,500 28-01-2019 01-02-2019 Enquire
Course Code:1342
2 4,500 27-05-2019 31-05-2019 Enquire
Course Code:1343
3 4,500 23-09-2019 27-09-2019 Enquire
Course Code:1344

Madrid

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1 4,500 21-01-2019 25-01-2019 Enquire
Course Code:1474
2 4,500 20-05-2019 24-05-2019 Enquire
Course Code:1475
3 4,500 16-09-2019 20-09-2019 Enquire
Course Code:1476

Milan

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1 4,500 14-01-2019 18-01-2019 Enquire
Course Code:1606
2 4,500 13-05-2019 17-05-2019 Enquire
Course Code:1607
3 4,500 09-09-2019 13-09-2019 Enquire
Course Code:1608

Munich

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1 4,500 07-01-2019 11-01-2019 Enquire
Course Code:1738
2 4,500 06-05-2019 10-05-2019 Enquire
Course Code:1739
3 4,500 02-09-2019 06-09-2019 Enquire
Course Code:1740

Paris

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1 4,500 25-02-2019 01-03-2019 Enquire
Course Code:1870
2 4,500 24-06-2019 28-06-2019 Enquire
Course Code:1871
3 4,500 21-10-2019 25-10-2019 Enquire
Course Code:1872

Stockholm

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1 4,500 25-02-2019 01-03-2019 Enquire
Course Code:2002
2 4,500 24-06-2019 28-06-2019 Enquire
Course Code:2003
3 4,500 21-10-2019 25-10-2019 Enquire
Course Code:2004

Vienna

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1 4,500 25-02-2019 01-03-2019 Enquire
Course Code:2134
2 4,500 24-06-2019 28-06-2019 Enquire
Course Code:2135
3 4,500 21-10-2019 25-10-2019 Enquire
Course Code:2136

Zurich

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1 4,500 25-02-2019 01-03-2019 Enquire
Course Code:2266
2 4,500 24-06-2019 28-06-2019 Enquire
Course Code:2267
3 4,500 21-10-2019 25-10-2019 Enquire
Course Code:2268