Beschreibung

Kursart

Kurs
Ort

London (Grossbritannien)

Dauer

7 Tage

Upon completion of this course, you will be able to understand:
The difference between management accounting and financial accounting.
The difference between fixed and variable costs.
How to calculate variable and fixed costs using the high-low method.
How to use break-even analysis as a decision-making tool.
How to calculate and understand contribution, the break-even point, and margin of safety.
The limitations of break-even analysis.
Why overheads need to be included when costing products.
How to calculate a simple ‘blanket’ overhead rate.
How to apply absorption costing methods to fully cost out a range of products.
The limitations of traditional costing methods.

Standorte und Zeitplan

London (Grossbritannien)

Seven Pancras Square 7 King’s Boulevard Kings Cross London N1C 4AG - City of London - (London), N1C 4AG

Beginn

auf Anfrage

Hinweise zu diesem Kurs

An wen richtet sich dieser Kurs?

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 analyse, 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.

Qualifikation

certificate

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Meinungen

Themen

Management
Pricing
Accounting
Management Accounting
Interpreting
Cost Accounting
Decision Making
Budgeting
Financial Training
Financial
Analysis
Analytical accounting
Product Analysis

Inhalte

Cost and Break-even Analysis

Fixed and variable costs
Contribution
Break-even analysis
The margin of safety
Interpreting break-even analysis
Assumptions underlying break-even analysis

Absorption and Activity-based Costing

Direct and indirect costs
Absorption costing
Calculating a blanket rate
Over and under recovery
Calculating a department rate to fully cost the product
Activity-based costing

Budgeting

The advantages of budgets
The process of budgeting
Preparation of a budget
Problems of budgeting
Budgets to monitor performance and flexible budgeting
Variance analysis

Pricing and Costs

Using cost information to price your product
Discounts and distribution margins
Choosing the appropriate costing method
Pricing and product strategy
Optimum pricing
Target costing
Life-cycle costing
Transfer pricing

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
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

Verwandte Kategorien

Kontakt

Advanced Management Accounting

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