Management Accounting - Level 2

General

Program Description

Management Accounting – Level 2

KEY INFORMATION

  • Course Code: AFB103B
  • Duration: 3 days
  • Fee: £1620

COURSE OUTLINE

Short-term Decision Making

  • What are relevant revenues and costs?
  • Make or buy decisions
  • Limiting factors
  • Upgrading equipment
  • Closure of sites or discontinuing products

Investment Appraisal Techniques

  • Accounting rate of return
  • Payback period
  • Net present value
  • Discounting to present value
  • The internal rate of return

Measuring and Reporting Performance

  • Performance measurement: strategy and objectives
  • Financial and non-financial performance measurement
  • Key performance measures
  • Benchmarking
  • The balanced scorecard
  • Customer profitability analysis
  • Integrated reporting
  • Environment accounting and carbon reporting
  • Corporate governance
  • Ethics

Target audience

  • Those who wish to understand the implications of decisions made across a range of management accounting issues.
  • Those who wish to develop the ability to analyze, interpret, and question the accounting information they may encounter in a business context.
  • Those who wish to acquire a sound appreciation of accounting and finance in order to communicate and succeed in the business world.
  • Non-accounting staff who desire a practical introduction to the fundamentals of management accounting.

Learning outcomes

Upon completion of this management accounting courses, you will be able to understand:

  • Which costs are relevant to short-term decision making.
  • Whether an organization should make or buy products.
  • Which products should be prioritized if there are limited resources.
  • If a product should be discontinued or a location closed.
  • The nature and significance of appraising long-term investments.
  • How to use a range of investment appraisal techniques to assess and compare projects.
  • The advantages and limitations of each method.
  • How a business might set its long-term strategy.
  • The performance of a business using non-financial as well as financial measures.
  • The use of benchmarking to improve performance.
  • How to construct a balanced scorecard.
  • How to calculate customer profitability.
  • The role of integrated reporting.
  • The role of environmental accounting and carbon reporting.
  • The need for corporate governance and how ethical and environmental issues should be taken into account.

WHAT IS INCLUDED:

  • 18 hours of classroom-based training
  • Apple iPad
Last updated September 2019

About the School

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consulting service provider. We cater to both individual and organisational clients from all o ... Read More

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consulting service provider. We cater to both individual and organisational clients from all over the world. Read less