Course Description

Description:

This course is designed for beginners who have just started learning management accounting and want to take their skills to the advanced level. It covers the whole spectrum of management accounting principles, concepts, and techniques that are essential for decision making. The course is structured in a step-by-step manner, providing easy-to-understand explanations and practical examples. It also includes case studies to help learners apply the theory into real-world scenarios.

Key Highlights:

• Understand the fundamentals of management accounting
• Learn how to make effective decisions using various management accounting tools
• Get hands-on experience in creating financial reports
• Understand the relationship between cost, volume, and profit
• Learn how to analyze financial statements to plan and control business operations

What you will learn:

• Learn how to create and interpret financial statements
  Understand financial statements such as balance sheet, income statement, and cash flow statement, and learn how to analyze and interpret them to make informed decisions.
• Understand the concept of cost behavior and estimation
  Learn the difference between fixed and variable costs, and understand the concept of cost estimation and its importance in decision making.
• Understand budgeting and forecasting
  Learn about the budgeting process, and understand how to create, analyze and manage budgets. Also, learn about forecasting techniques and their importance in business planning.
• Understand cost-volume-profit analysis
  Learn about the cost-volume-profit (CVP) concept, and understand how to use it to make key decisions such as pricing, product mix, and sales volume.