Management Accounting Training

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Course Description

The course covers a series of topics and technical skills required to increase the management accounting skills.

After this training course, you can confidently apply for following job roles:

  • Finance Manager
  • Financial Controller
  • Management Accountant
  • Junior Management Accountant
Training HoursSoftware OptionsBlended LearningPerfomance ReviewCVWork PlacementJob Support
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Management Accounting

Who is it for

The course is suited for aspiring Management Accountant or anyone who wants to Controll Finance.

  • Management Accountant
  • Financial Controller
  • Finance Manager
  • Junior Management Accountant

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  • Join us for free one day training and see how we are different and supportive in our training approach
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Course Benefits

  • Customised learning approach to give you maximum support in learning
  • Flexible one to one training sessions built according to your availability, with the option to choose days and sessions
  • Recruitment company facilitating you with job hunting after training
  • Certification form certified Bookkeeping firm
  • Specialised one to one training sessions for CV building
  • Installation of accounting software in your laptop
  • Covering experience requirement for all significant bookkeeping bodies

Softwares Included

Sage Practical Training
QuickBooks Training
Xero Training
Advance Excel Training

Course Contents

Management Accounting Training:

The course has a range of topics and practical skills required to improve management skills.

After this course, you can confidently apply for following job roles,

  1. Finance Manager
  2. Management Accountant
  3. Junior Management Accountant
  4. Financial Controller

Aims of the Training:

  • To grasp the leading practices of management accountancy for the decision making
  • To understand the use of these instruments to any new scenarios
  • To understand the effectiveness & range of management accounting tools
  • To process, calculate, examine and evaluate the outcomes of these management bookkeeping models.

With all this training you will gain the following Skills:

  • Decision making based on results and Explanation on the results
  • Flexibility to fit models to the business reality
  • To be capable of processing the management accounting tools independently

Description: Management of Accounting Training

  1. Management Accounting: Introduction & Tools
  2. Major concepts and knowledge building
  3. Income statement types - Absorption and variable costing
  4. Understanding and handling Cost-Volume-Profit analysis
  5. Processing and computing the Pricing - Target costing
  6. Job and Process Costing
  7. Understating of budgeting
  8. ABC & Sections

Training Methodology

Trainees who are seeking roles as management bookkeepers need an understanding of following

  • Departmental analysis
  • Budget and forecasting
  • Cost and departmental analysis

Management Accounting Training Aims To Provide:

  1. Learning development through real-world skills training and real client scenarios
  2. Practical skills development through training solving by the student, and explained and deliberating in the classroom

Course Highlights

  • Commenting on the financial statements
  • Budgeting, forecasting and variance analysis
  • Risk management and risk aversion techniques
  • Performance measurement and growth planning
  • Forecasting and business planning
  • Ratio's Analysis
  • Departmental working
  • Cash Flows
  • Balance sheet reconciliation
  • Profit & Loss yearly, monthly, Quarterly comparison
  • Reviewing balance sheet reconciliations
  • Capital Investment for Decisions.

Skills You Will Gain

  • Management Accouting Profit & Loss
  • Management Accounting Balance Sheet
  • Costing Schedules
  • Cash Flow Projections
  • Management Accounting Report Pack
  • KPI Summary Reports
  • Employee Records
  • Payments and Deduction
  • Basic Pension Schemes
  • Pay Elements & Company Reports
  • Statutory Payments
  • Generating Payslips
  • FPS, EPS , RTI Submissions
  • Setting up Starters & Leavers
  • P32 and HMRC Submissions
  • Sales Day Book
  • Purchase Day Book
  • Credit Notes
  • Debtor / Creditor Reconciliation
  • Petty Cash Reconciliation
  • Bank Reconciliation
  • VAT Calculation
  • VAT Adjustment
  • VAT Submission

Industries Covered

  • Construction
  • Wholesale
  • Retail
  • Information Technology
  • Solicitor
  • Medical Surgeries
  • Dental Clinics
  • Online Business
  • Architect & More

Work Placement Struture

After finishing your course, you will be given a chance of guaranteed work placement at our offices or at our outside client’s office. The duration is reliant upon the training you have opted with us.

Jobs You Can Apply For

  • Bookkeeper
  • Financial Controller
  • Junior Accountant
  • Asst. Management Accountant
  • Sr Bookkeeper
  • Credit Controller
  • Accounts Assistant
  • Accountant
  • Finance Manager
  • Accounting Clerk
  • Budget Analyst
  • Payroll Administrator
  • Payroll Clerk
  • Assistant Controller
  • Accounts Manager
  • Management Assistant

What is the significance of management accounting training?

Product evaluations

If you're assessing your current product line, management accounting can give you all the financial and business data you need to figure out which products are lucrative, which aren't, and how to fix them. It can also offer you useful indicators for determining how your decisions have affected the profitability of a specific product.

Introducing new products

Management accounting is much more critical if you want to develop new items. It may assist at any point of the process, from initial planning to execution, by providing a precise breakdown of production capacities and an accurate image of the overall market. It is critical for determining how much you'll charge for a new product, the quantities you'll produce, and whether hiring more workers to assist with delivery is worthwhile.

Staffing

Another area where management accounting can be extremely beneficial is staffing. Making decisions about employing new employees and determining wages can be a genuine pain. Management accountants can assist you in making the best selection by deciding how much you can afford to spend on hiring and the expected returns on your personnel investment.

In deciding what to keep in-house and what to outsource, management accounting training will be crucial. It's important to strike an accurate balance between the two, and having data to guide judgments is a fantastic approach to aid with these difficult decisions.

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