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.
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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.
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Duration study load
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.
Accounting for Decision-making
Key characteristics of accounting information
The role of information technology
Capex and OPEX
The Key Relationship – Cost, Volume, Profits
Costs for decision-making
Types of profit
Cost management strategies
Control through Budgeting
Budgets and forecasts
Types of budgets
Behavioural aspects of budgeting
Management Accounting – Importance of Stakeholder Value
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
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Course fees – £2,055+ VAT
No government funding available for this course
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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.
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