Course Details
Course Outline
5 days course
Introduction to Accounting
- The significance of accounting data
- The job of the Finance Function
- The accounting equation and financial related accounting systems.
- Reporting facts and applying judgment.
- Preparing the Income Statement and Balance Sheet.
- Accounting standards and bookkeeping benchmarks.
Accounting Reports
- The structure of the Income Statement
- The structure of the Balance Sheet
- The impact of deterioration and impairment on profit.
- Specifying and valuing stock.
- Cash flow Statement preparation.
- The significance of cash flow in business.
Management Accounting for Control and Decision-Making
- Analysing costs and Combining.
- The direct and indirect expenses structure.
- Handling overheads – absorption costing or ABC?
- Cost-Volume-Profit and break-even analysis.
- Methods of Decision making – make or purchase.
- Methods of Decision making – the effect of limiting factors.
Communicating the plan through Budgeting
- Corporate arranging and corporate targets executed through budgeting.
- The method of budgeting and timescale.
- Sales budget anticipating procedures.
- Cascading the financial limits over the entire business.
- Arranging practical budgets and the cash budget plan.
- Budgeting standards, strategies and applications.
Measuring performance to inform Decision Making
- presenting Monthly the board detailing
- putting and utilizing models.
- Specifying and figuring variances.
- performing and arranging variances – who is capable?
- Measuring duty focus performance, ROI, RI, and EVA.
- Non-financial performance – the Balanced Scorecard.
