Fundamentals of Management Accounting

Code Date City Fees Register
E015 December 18, 2022 - December 22, 2022 Dubai – UAE $ 2100

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Objectives

  • At the end of the course delegates will be able to:
  • Understand the concept of strategic management accounting and its application in a modern business environment
  • Recognise the key tools used in strategic management accounting
  • Appreciate the meaning and application of environmental management accounting and key tools used
  • Utilise the concept of beyond budgeting and its application
  • Implement customer profitability analysis to improve business performance
  • Understand the meaning of advanced performance management and the development of appropriate performance metrics.

The Delegates

  • This course is relevant to both senior financial and non-financial managers.
  • For those financial managers with more than 10 years post qualification experience, this course will provide them with a valuable update on the use and application of contemporary accounting techniques.
  • For non-financial managers this course introduces them to the potential of management accountancy to help drive business performance.
  • It is particularly useful for those managers wishing to understand contemporary approaches to performance measurement.

The Contents

  • Introduction to Accounting and Finance :
  • What is Accounting and Finance?
  • Who Needs Accounting?
  • Framework of Accounting .
  • Annual Reports and Accounts .

 

  • Strategic Management Accounting
  • Key concepts in strategic management accounting
  • Using strategic management accounting to gain competitive advantage
  • Case studies in strategic management accounting

 

  • Environmental Management Accounting
  • Environment Management Accounting and Corporate Social Responsibility
  • Tools used in Environmental Management Accounting
  • Case studies in Environmental Management Accounting

 

  • Understanding the Accounting Process
  • Define the Five Types of Accounts
  • Asset , Liability , Equity , Revenue , Expense .
  • Explain the Accounting Process from transaction Entry to Closing the Books
  • State the Significance of Double-Entry Accounting
  • Determine the Impact of Different Types of Transactions on the Accounting System

 

  • Beyond Budgeting
  • The restrictions of traditional budgeting
  • Beyond budgeting and its impact on management approach
  • Case studies in beyond budgeting
  • Customer Profitability Analysis
  • The concept of customer profitability analysis and its use in business
  • Tools and techniques in customer profitability analysis
  • Case studies in customer profitability analysis

 

  • Advanced Performance Management
  • The importance of effective performance management
  • Tools used in advanced performance management
  • Case studies in advanced performance management

 

  • Financing the Business
  • Discuss the Role of Leveraging in Improving Return to the Shareholders
  • Discuss the Role of Short-Term Financing in Meeting an Organization’s Financial Needs
  • Differentiate Between the Various Long-Term Financing Alternatives and Understand Their Impact on the Business
  • Identify Appropriate Financing Alternatives from Different Types of Business Needs

The Discount

10 % in case of Three P. (or more)

2022-09-21T14:50:37+00:00