Final Books & Advance Accounting for Managers

GL Level 3

Management Accounting is an essential tool that enhances a manager's ability to make effective economic decisions. It Introduces the learner/student to the business concepts and methods used to report managerial performance information to internal users and managers to assist in making sound business decisions in managing the firm/company. This course helps the learners/students to understand the fundamental concepts of managerial accounting. The course objective is to give students a good understanding about the concepts and techniques of management accounting. These issues are explained against the background of a fast changing global market.
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The main goal of this level is to provide the aspirants with an Advanced Knowledge of Final Books & Advance Accounting practices to make an Analysis of Financial Performance of an organization by preparing Final Financial Statements and Cost Analysis like Accounting Ratios, Cash Flow Statement, Cost behavior, Cost Management Systems etc.


Following contents will be the major part of the Course:

  • Cost Accounting- An Introduction
  • Costing Techniques
  • Decision-Making Techniques
  • Management Accounting- An Introduction
  • Cash Flow Statement
  • Accounting Ratios
  • Planning & Control
  • Budgeting
  • Management Reporting

 

Learning Outcomes 

After completing this course, you will be able to: 

  • Define Cost & Managerial Accounting
  • Have a clear view on business ethics, especially ethics related to accounting
  • Define cost drivers an calculate cost behavior
  • Use cost-volume-profit analysis in decision taking
  • Set-up and use Activity-Based Costing
  • Decide when information is relevant
  • Use relevant information for decision making, both for pricing and operational decisions
  • Describe the benefits of budgets
  • Set-up and use a master budget
  • Set-up and use flexible budgets
  • Execute variance analysis