Managerial Accounting Training program
A vocational and practical Managerial Accounting (ACC 102) training program provides individuals with hands-on training in budgeting, forecasting, financial analysis, and decision-making. The program emphasizes critical thinking skills and the use of accounting software and tools to analyze financial data and prepare management reports. Upon completion, individuals will be well-prepared to enter the field of managerial accounting with a strong foundation in accounting principles and practical skills.
Session 1 : Introduction to Managerial Accounting
- Overview of managerial accounting
- Differences between financial and managerial accounting
- Cost concepts and terminology
- Cost behavior
Session 2 : Cost Accounting
- Job costing
- Process costing
- Overhead allocation
- Cost-volume-profit analysis
Session 3 : Budgeting
- Budgeting process
- Types of budgets
- Budgeting tools and techniques
- Variance analysis
Session 4 : Performance Evaluation
- Standard costing
- Responsibility accounting
- Performance measures
- Balanced scorecard
Session 5 : Decision-Making Analysis
- Relevant costs and revenues
- Incremental analysis
- Make or buy decisions
- Outsourcing decisions
Session 6 : Financial Statement Analysis
- Ratio analysis
- Cash flow analysis
- Return on investment
- Economic value added
Session 7 : Accounting Information Systems
- Accounting information systems
- Enterprise resource planning (ERP) systems
- Cloud-based accounting software
- Data security and privacy
Session 8 : Ethics in Managerial Accounting
- Professional ethics
- Ethical decision-making
- Ethical Issues in managerial accounting
- Code of conduct
Session 9 : A final assignment
The case study or project serves as a capstone for the program, allowing learners to demonstrate their mastery of financial accounting concepts and skills. It also provides an opportunity for learners to showcase their ability to apply their knowledge to real-world scenarios, which can be valuable when seeking employment in the field of accounting or finance.
The Managerial Accounting Training program
50$ 30$
This training program is flexible and convenient, as participants can access it from anywhere and at any time that suits them, allowing them to learn in the way that suits them best.
Duration: 18 hours