Key details
Mode of delivery: Online Course
Course code: AFB39O
Duration: 10 days
Fee: £6,660.00 + VAT
CPD Hours: 60
Course Overview
This comprehensive course provides a deep dive into management and financial accounting essentials. Participants will explore how management accounting supports strategic and commercial objectives, including cost analysis, budgeting, and performance measurement. The program covers investment appraisal methods, risk and uncertainty, and the evaluation of financial performance against organizational goals. It also examines the evolving role of managerial accounting, incorporating beyond budgeting, and leverages financial data analytics to drive organizational success. The course concludes with a review and action plan to apply these concepts effectively in the workplace.
Agenda
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 Non-Financial 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 Organisation
- 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 Organisations 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 hour-long Executive Coaching sessions at monthly intervals following Course Completion
Target Audience
- Finance Professionals
- Management Accountants
- Financial Analysts
- Business Managers
- Decision-Makers
- Organizational Leaders
Learning Outcomes
By the end of this 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 organisational needs and context.
- Recognise the behavioural aspects and implications of budgeting within teams and departments.
- Identify and classify different stakeholder types within an organisation.
- 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 organisations.
- 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.
Course dates
19th January - 30th January
18th May - 29th May
14th September - 25th September
