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ONLINE Management accounting Course


MLP Learning

Summary

Price
£329 inc VAT
Or £54.83/mo. for 6 months...
Study method
Online
Duration
Self-paced
Qualification
No formal qualification
CPD
20 CPD hours / points

Overview

What is This Course About?

The Online Management Accounting Course deals with the fundamentals of management accounting. It goes over concepts like cost and costing systems, performance management and measurement, planning and budgeting, cost-volume-profit (CVP) analysis, and operations management. It also offers information on key management accounting formulas and how to properly use them to draw critical economic data.

Management accounting is an essential business function that enables managers and executives to understand the operations of the business and aids them in making strategic decisions. Running a business without understanding management accounting can negatively affect a company’s productivity, efficiency, profitability and ability to compete. As such, taking this course is good first step that will definitely help students realise the value of management accounting and understand its different aspects, which in turn will enable them to effectively find, interpret and use accounting information to arrive at informed decisions.

CPD

20 CPD hours / points
Accredited by CPD STANDARD OF ONLINE LEARNING AND DEVELOPMENT

Description

Who is it Ideal for?

The course is an insightful guide for budding business folks and entrepreneurs who would like to know how to gather and interpret information they can use to make decisions. It is also ideal for anyone seeking to pursue a career in managerial accounting or would like to refresh their knowledge on the subject. To be specific, this course will benefit those who are interested in becoming:

  • Bookkeepers
  • Managers
  • Marketing executives
  • Financial analysts

What are the Aims of the Course?

By the end of this course, students will be able to:

  • Make sense of the management accounting function, including its elements, methods, and significance in capital budgeting, budgetary control, pricing, and strategic decision making.
  • Learn how to gather, interpret and communicate accounting information using different management accounting methods and systems.
  • Correctly use costing techniques to set the price of products and services.

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.