This seminar is designed to discuss the main features of cost and management accounting and its applications in a business enterprise. It is essential for Managers and Executives of a firm to know how cost accounting information can be organised, so that quality decisions could be made. As the focus is on decision making process, participants would not be required to understand the bookkeeping process and the preparation of financial statements.

Accreditation

This is a non-accredited course.

Topics covered include:

• Understand budgeting and variance analysis
• Have an overview of cost and management accounting
• Learn the differences between marginal costing and absorption costing
• Learn the application of costing in business decision making
• Know how to apply various analytical techniques to make quality decisions

This masterclass runs for 4 days

• Module 1: Overview of Cost and Management Accounting
• Module 2: Differences Between Marginal Costing and Absorption Costing
• Module 3: Budgeting and Variance Analysis
• Module 4: Application of Costing in Business Decision Making
• Module 5: Cash Flow versus Profit
• Module 6: Linking the Financial Statements
• Module 7: Analysing Business Performance
• Module 8: Cash Flow Budgeting
• Module 9: Cash Flow Strategy for Business

Training times can be arranged accordingly in order to cater for the client’s needs.

Available on request.

This course is suitable for:

• • Managers and Executives who do not work in accounting but who need to know how basic accounting work and apply accounting related techniques when making business decisions.