Course overview
This Managerial Accounting Course has been designed for anyone interested in getting to grips with the basics of accounting theory, and who wish to acquire some insight into the accounts produced within a variety of business organisations.
Campus locations
Job outcomes
Roles in:
- Finance
- Management
Study method
- In-class
- Online
- Blended
Locations
- England
- London
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Duration study load
- 2 days
Course features
- Course Material
- Recording of Training
- Aftercare Course Support
Assessment
Informal assessment will take place through group discussion, classroom activities and Q&A sessions as guided by your tutor.
Who's it for?
- Managers, board members and budget holders across all sectors who need to know about organisational finance to help improve the profitability and performance of their business
- People who have little or no knowledge of finance
Subjects
- Profit and loss accounts and how to understand them
- Reading an income and expenditure account and analysing the financial flows within your organisation
- Cash and accruals accounting showing how each is used
- Terminology associated with income and expenditure accounting
- Communicating effectively with finance professionals
- Analysing trends in financial flows and formulating appropriate questions
- Reading a balance sheet and analysing the financial position of the organisation
- How an asset register is used
- Analysing your accounts
- Constructing a cash flow statement from narrative information
- The different rules for charity accounting under the Charity SORP and the presentation of company and housing association accounts
- The budgeting process
- How budgeting relates to strategic objectives and good governance
- Constructing a budget
- Estimating costs and income accurately for budget purposes
- Using management accounts to understand the past and forecast the future
- Cost centres – understanding how they are used in your organisation
- Nominal, purchase and sales ledgers
- Using benchmarking in constructing a budget
- Distinguishing between fixed and variable costs
- Using the concepts of break-even pricing
- A template to forecast the effects of changing costs, sales volume and price
- Evaluating opportunity costs
- A year of free support
About Acudemy
Acudemy Ltd is a training centre based in Central London that specialises in accredited and bespoke training for small businesses and individuals.
Established by Professional Accountants and Senior Business Entrepreneur’s wishing to raise and widen participation and achievement of people within the industry, therefore becoming a valuable resource to employers.
Acudemy provides accredited and bespoke training courses in popular business categories such as accounting and finance, sales and marketing and project management. We offer short-term courses, weekend courses and in-house training at our London training centre or at a location of your choice.
