Intro to Management Accounting

Intro to Management Accounting

Understanding Management Accounting for Business Success

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What you'll learn

• Understand the core principles of management accounting, including its purpose, objectives, and how it differs from financial accounting.
• Learn about different types of costs, their classifications, and how they impact financial planning and decision-making.
• Discover how to determine break-even points, calculate contribution margins, and set target profits using CVP analysis.
• Explore the role of standard costing in management accounting and learn how to calculate and analyze variances

Requirements

• No previous experience required

Description

Do you want to learn management accounting?

Are you a finance professional looking to boost their skills?

If so, you've come to the right place!

The Introduction to Management Accounting Course introduces the fundamental concepts and practical applications of management accounting. It’s designed to equip students with the skills to analyze financial information for decision-making purposes within an organization. No prior knowledge of accounting is required.

This is the perfect course for aspiring financial controllers, financial analysts, and any finance professional looking to advance in their career.

Why learn Management Accounting?

Management Accounting is crucial for any organization because it provides the financial insights needed for strategic planning, decision-making, and control. This course offers a comprehensive introduction to the field—equipping you with the skills to make informed business decisions and manage financial resources effectively.

Course Content

Introduction to Management Accounting: Grasp the basics and significance of management accounting, its primary objectives, and how it supports business goals.

Cost Concepts and Classification: Learn about production vs non-production costs, direct vs indirect costs, and fixed, variable, and stepped costs. Apply this knowledge through practical case studies.

Cost-Volume-Profit Analysis: Understand CVP analysis, determine break-even points, calculate margins, and set target profits. Engage with case studies to reinforce learning.

Cost Accounting Techniques: Explore accounting for material, labor, and overhead costs. Use practical examples to compare marginal and absorption costing methods.

Budgeting Basics: Follow a step-by-step guide to preparing a budget, explore various budgeting techniques, and learn how to monitor and control budgets through variance analysis.

Standard Costing and Variance Analysis: Learn about standard costing, its advantages and limitations, and how to analyze sales, material, labor, and variable overhead variances. Apply these concepts through case studies.

Performance Measurement and Control: Discover key performance measurement concepts, KPIs, balanced scorecard approaches, and benchmarking.

Reasons to Enroll

• Real-World Applications: Practical examples given throughout the course and several opportunities to solve real-world examples and apply your knowledge.
• Expert Instruction: Gain insights from an experienced instructor, who offers over a decade of industry expertise and a wealth of knowledge. She has worked at world-famous companies like Pwc and Coca-Cola.
• Comprehensive Coverage: Gain a deep understanding of management accounting principles and techniques.
• Career Advancement: Equip yourself with highly-valued skills in the finance and accounting industry.

What You Gain

• Proficiency in financial analysis, management accounting, and modeling
• Advanced budgeting and forecasting skills
• Expertise in cost classification, CVP analysis, and variance analysis
• Practical Excel skills for financial planning and analysis

Additional Course Benefits

Full HD Video Lessons: Ensure a clear and engaging learning experience.

Course Q&A: Receive answers to your questions from the instructor and peers.

Downloadable Resources: Access PDF notes, Excel files with practical examples, and other valuable materials.

Certificate of Completion: Receive a certificate upon completing the course to showcase your new skills.

Join the thousands of professionals who have enhanced their finance careers with this course.

Click 'Buy now' and master the art of management accounting.

Who this course is for:

• Aspiring financial analysts, finance students, and management accouning professionals

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