Management Accounting for Non-Specialist Managers

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Management Accounting for Non-Specialist Managers
Video: .mp4 (1280x720, 30 fps(r)) | Audio: aac, 48000 Hz, 2ch | Size: 846 MB
Genre: eLearning Video | Duration: 27 lectures (2 hour, 8 mins) | Language: English

Learn management accounting to plan, manage and make decisions on finances

What you'll learn

    Management Accounting
    Short-term decision-making based on costs
    Budgeting
    Investment decisions
    Costing
    Divisional performance

Requirements

    Basic mathematics
    Understanding of financial accounting

Description

Management accounting is a profession that helps managers control finances that can be implemented in accordance with the organisational strategy. This course will give managers who are running departments, and business owners, an understanding of management accounting and the various methods associated with the practice. Management accounting is a critical part of analysing financial data that helps managers make better decisions, devise plans and monitor performance. The course includes:

    Understanding what management accounting is

    How to assess relevant costs for short-term decision-making

    Understand capital expenditure and investment decision-making

    Understand risk and uncertainty in long-term investment decisions

    Learn the methods of costing including the traditional absorption method and the ABC system

    Learn how to use budgets including management budgets for production and the cash budget

    Evaluating divisional performance for larger organisations

    Understand the practice of transfer pricing and how it affects a division's performance

Management Accounting for Non-Specialist managers is not a financial accounting course and does not include bookkeeping. The course is focused on management accounting for people who are not in a specialist financial position.

Who this course is for:

    General managers
    Business owners
    Company directors
    Department managers
    Business students

   

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