Certificate in Management Accounting
This comprehensive Certificate in Management Accounting takes an in-depth a look at corporate Accountancy, exploring the daily duties and responsibilities of those who work in Account Management. Study the purpose and mechanics of cash flow statements, income statements, balance sheets and other key financial documents, alongside concepts such as budgeting, operating capital and so much more besides. Pick up the skills, knowledge and confidence you’ll need to become the capable and successful accountant you know you can be.
Account Management - Learning Outcomes
On Account Management Diploma completion the learner should be able to;
- Understand the characteristics of Management and Leadership
- Understand the management challenge and the new functions of management
- Identify and explain requirements for effective resource management in a business
- Identify problems relating to managing resources, overcoming the problems and handling the resources efficiently
- Understand Debits and Credits
- Reading Annual Reports
- Understanding Ratios and their Use in Decision Making
- Identifying High and Low Risk Companies
- Understand the idea of funds flowing through a business
- Describe the role of working capital in the operations of a business
- Use cash flow statements as analytical tools
- Understand the basic aspects of financial planning and the role of budgeting
- Explain various types of budgets
- Describe an appreciation for the need for proper investment appraisal.
- Explain the various methods of appraising capital projects, including their relative merits and demerits
- Identify some other concepts relevant in investment appraisal.
Account Management - Course Syllabus
The Account Management Diploma consists of the following units:
Module 1- Understanding Management
This module covers the following key topics:
- About Leadership
- Understanding Your Comfort Zone
- Managing Performance
- Servant Leadership
- Onboarding and Orientation
- Managers Vs. Leaders
- Types Of Thinking
- Consequential Thinking
- Influence Strategies
- Building Trust
Module 2- Improving Management Skills
This module covers the following key topics:
- What is a Learning Organization?
- Achieving Personal Mastery
- Our Personal Vision and Our Values
- Analyzing Our Mental Models
- Achieving a Shared Vision
- Team Learning
Module 3- Understanding debits and credits
This module covers the following key topics:
- The Role of an Accountant
- Accounting Personnel
- Methods of Accounting
- Advantages of Double-Entry System
- Types of Accounting
- Distinction between Bookkeeping and Accounting
- Objectives of Bookkeeping
- Organisation of Accounting and Finance
- Bases of Accounting
- Accounting Terminology
Module 4- Analyzing cash flow statement
This module covers the following key topics:
- Working Capital and the need for it
- Initial Investment (Capital)
- Determining Working Capital Requirements
- Sources of Funds
- The need for Additional Funds
- Factors affecting Fund Requirements
- Statement of Changes in Working Capital
- Fund Flow Statement
- Importance of Cash and Cash Flow Statement
- Sources and Uses of Cash
- Preparation of Cash Flow Statement
Module 5- Understanding Budgeting
This module covers the following key topics:
- Types of Costs
- Generally Accepted Accounting Principles
- The Basics of Budgeting
- Budgeting Terms
- Types of Budgets
- The Budgeting Process
- Budgeting Tips and Tricks
- Understanding Ratio Analysis
- Net and Gross Profit Margin
- Return on Investment
- Comparing Investment Opportunities
Module 6- Bookkeeping Skills
This module covers the following key topics:
- Workshop Objectives
- Basic Terminology (I)
- Balance Sheet
- Income Statement
- Revenue
- Cost of Goods Sold
- Expenses
- Basic Terminology (II)
- Accounts Receivable
- Accounts Payable
- Trial Balance
- Plus more
Module 7 – Financial Management
This module covers the following key topics:
- Introduction to Managing Finance
- Financial Responsibility & Accountability
- Investment Avenues
- Scope of Financial Management
- Objectives of Financial Management
- Functions of Financial Management
- Plus more
Module 8- Investments Versus Returns
This module covers the following key topics:
- Introduction of Investment Methods
- Types of Investment Proposals
- Project Report
- Methods of Appraisal
- Cost of Capital
- Limitations of Investment Appraisal Techniques
Module 9- Networking for Success
This module covers the following key topics:
- Assessing Your Networking Skills
- Identifying Opportunities and Customizing Your Approach
- Creating a Positive First Impression
- Your Memorable Intro
- Starting the Conversation
- The Handshake
- Business Cards
- Handling Tough Situations
- Following Up
- Organizing Your Network
- Leveraging the Internet
- Workshop Wrap-Up
Module 10 - CRM (Customer Relationship Management)
This module covers the following key topics:
- Different Faces of CRM
- Evaluation Metrics
- Privacy Issues
- Requirement Driven Product Selection
- Strategies for Customer Retention
- Customer Scenarios
- Selling CRM
- Homegrown vs. Application Service Provider
- The Development Team
- Customer Life Cycles
- Evaluating and Reviewing CRM
Module 11 - Key Account Management
This module covers the following key topics:
- What is Key Account Management?
- Advantages and Disadvantages of Key Account Management to Sellers
- Advantages and Dangers of Key Account Management to Customers
- Deciding Whether to use Key Account Management
- Criteria for Selecting Key Accounts
- The Tasks and Skills of Key Account Management
- Global Account Management
- Building Relationships with Key Accounts
Module 12 - Crisis Management
This module covers the following key topics:
- What is Crisis Management?
- Conducting the Crisis Audit?
- Developing a Response Process
Module 13 - Risk Management
This unit covers the following key topics:
- Introduction To Risk Management
- Planning for Risk Management
- Creating the Risk Management Plan
- Examining the Risk Management Plan
- Identifying Risks
- Creating Risk Categories
- Identifying the Project Risks
- Plus more
