Advanced Management Accounting (2-weeks)

Day – 1 Accounting For Decision Making

•  An Introduction To Management Accounting
•  The Importance Of It In Accounting Systems
•  How Management Accounting Supports Commerical Objectives

Day – 2 The Key Relationship Costs, Volume & Profits

•  Allocating Costs For Decision Making Strategies
•  Understanding Break Even Analysis
•  Different Types Of Accounting Profits

Day – 3 Control Through Budgeting

•  Corporate Planning, Budgeting And Forecasts
•  Choosing The Type Of Budget For A Company
•  The Behavioural Aspects Of Budgeting

Day – 4 The Importance Of Stakeholder Value

•  Identifying And Grouping The Different Stakeholder Types
•  How To Identify The Value Of Each Stakeholder Group
•  How To Choose Performance Indicators For Stakeholders

Day – 5 Weekly review

• Summary And Recap Of Key Learning Objectives
• Action Planning

Day – 6 Investment Appraisal For Capital Decisions

•  The Different Methods Of Investment Appraisal
•  Understanding NonFinancial Aspects Of Appraisal
•  Considering Risk And Uncertainty In Appraisal

Day – 7 Measuring Financial Performance

•  How To Compare Performance With A Budget
•  Allocating Responsibility Of Objectives In An organization
•  Understanding The Importance Of Performance Indicators

Day – 8 Understanding Financial Data Analytics

•  The Properties And Components Of Data
•  Understanding The Steps In The Analytical Process
•  How organizations Use Analytics To Achieve Objectives

Day – 9 Changing Nature Of Managerial Accounting

•  The Measurement Of Products Vs That Of Services
•  The Role Of The Strategic Management Accountant
•  Understanding How To Incorporate Beyond Budgeting

Day – 10 Course Review

•  Summary And Recap Of Key Learning Objectives
•  Action Planning

Post Course

•  Six (6) x hourlong Executive Coaching sessions at monthly intervals following Course Completion

This Management Accounting course is suitable for:

• Finance Professionals
• Management Accountants
• Financial Analysts
• Business Managers
• Decision-Makers
• Organizational Leaders

By the end of this Management Accounting course, you will be able to implement a successful strategy that enables you to:

• Understand the fundamentals of management accounting and its role in business strategy.
• Recognise the significance of IT systems in enhancing the efficiency and accuracy of accounting functions.
• Explain how management accounting supports the achievement of commercial and strategic objectives.
• Allocate costs effectively to support informed decision-making processes.
• Apply break-even analysis techniques to assess financial viability and operational planning.
• Differentiate between various types of accounting profits and their implications.
• Understand the principles and processes of corporate planning, budgeting, and forecasting.
• Select appropriate types of budgets based on organizational needs and context.
• Recognise the behavioural aspects and implications of budgeting within teams and departments.
• Identify and classify different stakeholder types within an organization.
• Assess the value and influence of various stakeholder groups in business decision-making.
• Choose and apply performance indicators relevant to stakeholder expectations and business goals.
• Apply different investment appraisal techniques to evaluate potential projects.
• Understand and incorporate non-financial factors in investment decision-making.
• Assess the impact of risk and uncertainty in investment appraisals.
• Monitor and compare actual performance against budgeted figures for accountability.
• Allocate responsibility for achieving strategic objectives across departments and teams.
• Understand the importance and application of key performance indicators (KPIs) in performance management.
• Distinguish between performance measurement techniques for products versus services.
• Describe the role of a strategic management accountant in modern organizations.
• Explore the concept of “Beyond Budgeting” and its relevance in agile financial management.
• Understand the types, properties, and structure of data used in financial analysis.
• Follow the key steps in the data analytics process.
• Explain how analytics can be leveraged to drive strategic and operational outcomes.