Advanced Management Accounting
Short course
In Hammersmith
Be aware of the difference between management accounting and financial accounting!
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Type
Short course
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Location
Hammersmith
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Duration
7 Days
Are you interested in increasing your knowledge in Accounting? If your answer is “yes” then you should join this Advanced Management Accounting Course, by London Business Training & Consulting, that Emagister.co.uk has added to its catalogue.
This training is suitable for those who wish to understand the implications of decisions made across a range of management accounting issues; those who wish to develop the ability to analyse, interpret, and question the accounting information they may encounter in a business context; those who wish to acquire a sound appreciation of accounting and finance in order to communicate and succeed in the business world.
Upon completion of this course, you will be able to understand the difference between management accounting and financial accounting; the difference between fixed and variable costs; how to calculate variable and fixed costs using the high-low method; why overheads need to be included when costing products; how to calculate a simple ‘blanket’ overhead rate; among other things.
Don't miss this chance and enroll in this course now. Contact London Business Training & Consulting through Emagister.co.uk. You will receive all the information needed to take a step further in your career!
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About this course
Upon completion of this course, you will be able to understand:
The difference between management accounting and financial accounting.
The difference between fixed and variable costs.
How to calculate variable and fixed costs using the high-low method.
How to use break-even analysis as a decision-making tool.
How to calculate and understand contribution, the break-even point, and margin of safety.
The limitations of break-even analysis.
Why overheads need to be included when costing products.
How to calculate a simple ‘blanket’ overhead rate.
How to apply absorption costing methods to fully cost out a range of products.
The limitations of traditional costing methods.
Those who wish to understand the implications of decisions made across a range of management accounting issues; those who wish to develop the ability to analyse, interpret, and question the accounting information they may encounter in a business context; those who wish to acquire a sound appreciation of accounting and finance in order to communicate and succeed in the business world; non-accounting staff who desire a practical introduction to the fundamentals of management accounting.
Certificate.
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This centre has featured on Emagister for 5 years
Subjects
- Interpreting
- Management
- Decision Making
- Budgeting
- Accounting
- Consulting
- Financial
- Management Accounting
- Cost Accounting
- Financial Training
- Analytical accounting
- Analysis
- Product Analysis
Course programme
- Fixed and variable costs
- Contribution
- Break-even analysis
- The margin of safety
- Interpreting break-even analysis
- Assumptions underlying break-even analysis
- Direct and indirect costs
- Absorption costing
- Calculating a blanket rate
- Over and under recovery
- Calculating a department rate to fully cost the product
- Activity-based costing
- The advantages of budgets
- The process of budgeting
- Preparation of a budget
- Problems of budgeting
- Budgets to monitor performance and flexible budgeting
- Variance analysis
- Using cost information to price your product
- Discounts and distribution margins
- Choosing the appropriate costing method
- Pricing and product strategy
- Optimum pricing
- Target costing
- Life-cycle costing
- Transfer pricing
- What are relevant revenues and costs?
- Make or buy decisions
- Limiting factors
- Upgrading equipment
- Closure of sites or discontinuing products
- Accounting rate of return
- Payback period
- Net present value
- Discounting to present value
- Internal rate of return
- Performance measurement: strategy and objectives
- Financial and non-financial performance measurement
- Key performance measures
- Benchmarking
- The balanced scorecard
- Customer profitability analysis
- Integrated reporting
- Environment accounting and carbon reporting
- Corporate governance
- Ethics
Advanced Management Accounting