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Finance – Understanding the Management Accounting Package


Practical Training for Professionals

Summary

Price
£180 inc VAT
Study method
Online
Duration
2 hours · Self-paced
Qualification
No formal qualification

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Overview

The Management Accounting Package (made up of Profit and Loss, Balance Sheet and Cash Statement) provides managers with feedback on performance.

Description

In this 2 hour masterclass, we will be breaking down what information is found where and what it means to us.

The MAP – An overview
Profit and Loss Explained
Coffee break
Balance Sheet and Cash Statement Explored

Benefits

• A greater understanding of the Management Accounting Package
• An ability to put the key financial statements into a business context
• Greater confidence to question in finance meetings
• A greater awareness of how our action/inaction impacts on the MAP

Questions and answers

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.