Course overview
This training workshop explains the nature of management accounting and how it aids managers’ decision-making. It looks at the impact that varying levels of costs and volume have on operating profit. The training workshop also demonstrates how budgets are used to control and monitor the performance of an organisation.
What you'll learn
Upon completion of this training workshop, you will be able to:
- Understand how the finance function can create a decision-support structure for managers.
- Explain the relationship between cost, volume and profits and why this is important to managers.
- Explain the scope of budgeting as a planning and control tool.
Study method
- In-class
- Blended
- Online
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Duration study load
- 3 days
Course features
- Management consultation service
- Paperless service delivery model
- Flexible open course schedule
Who's it for?
This training workshop is suitable for:
- Staff responsible for budget preparation and reporting.
- Managers who are budget holders or have budget responsibility.
- Staff with planning responsibilities who need a deeper understanding of costs and budgets.
Subjects
- Key characteristics of accounting information
- The role of information technology
- Commercial objectives
- Capex and OPEX
- Costs for decision-making
- Breakeven analysis
- Types of profit
- Cost management strategies
- Corporate plans
- Budgets and forecasts
- Types of budgets
- Behavioural aspects of budgeting
- Defining the identity and grouping of stakeholders
- Defining the stakeholder value of each group
- Creating the appropriate range of performance indicators
- Summary and recap of key learning objectives
- Action planning
About London Business Training & Consulting
London Business Training & Consulting (LBTC) is a business and management training and consultancy service provider operating out of its head office in Hammersmith, West London. For over fifteen (15) years LBTC has catered for the learning & development needs of innumerable individuals and organisations of all sizes from all over the world.
Our customised approach to every management solution we deliver has afforded our clientele world-class business performance. As a result, LBTC benefits from regular re-engagement by our clients year after year, or every time they encounter a business challenge that is seemingly insurmountable.
