Management Accounting for Non-Specialist Managers
- 3.7
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Brief Introduction
Learn management accounting to plan, manage and make decisions on finances.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.
Requirements
- Requirements
- Basic mathematics
- Understanding of financial accounting
Anthony Dixon
3.7 Raiting
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