Management Accounting

Management Accounting is a field of Accounting that specializes in the identification, measurement, analysis and interpretation of the accounting information that assists organisational management in the Decision making Process. Unlike Financial Accounting, Management Accounting is focused on internal data gathering, reporting and decision making.

The skills set that is required for a management accounting included the ability to produce Cost Evaluations and Analysis, Pricing Decisions, Budgets and Forecasting, Investment Analysis and Performance Analysis metrics such as Ratio Analysis, Variance Analysis etc.

At Centre of Accountancy Careers and Training, Management Accounting Training program is delivered by Highly training and Qualified Chartered Accountants who have years of experience in the industry and bring PRACTICAL INSIGHT into this training program. The program is completely Practical in nature and the trainee learns and develops these skills by performing the work based tasks on the industry software.

Management Accounting Training Program (By IRIS) is aimed at students who are studying towards (ACCA Finalists), ACA, CIMA, AAT Level 4 and FIA etc. It is also aimed at Bookkeepers and Accounts Assistants who are already working in the internal Accounts department and are looking to enhance their skills profile by learning advance techniques and looking to move up the Hierarchy.

Management Accounting

Departmental Analysis

• Creating departments in Sage
• Allocation of Invoices (Costs) to Departments
• Generation of Departmental Profit and Loss
• Generation of Departmental Balance sheet
• Departmental Expense Analysis

Project Analysis

• Creating Projects in Sage
• Defining Resources in Sage
• Allocation of Invoices (Sales, Purchases and Overheads to Projects)
• Project Profitability Analysis
• Project Cost Analysis

Product Costing

• Creating Raw Material
• Creating Finished Products
• Bill of Materials To Finished Products
• Stock Movement Within an Organization
• Product Costing and Pricing
• Purchasing Trends

Company Performance Analysis

• Entering Prepared Budget in Sage
• Budgeted and Actual Variance Analysis
• Period Ending Wizard
• Historical Variance Analysis
• Quarterly Adjustments
• Use of Fixed Asset Register

Reporting

• Project Report
• Product Report
• Departmental Report
• Company Performance Report

Financial Modelling (Budgeting, Forecasting & Investment Appraisal Models)

Forecasting Techniques

• Smoothing Techniques
• Trend Analysis
• Regression Analysis
• Expected Values
• Evaluating Forecasting Techniques

Budgeting Process

• Budget Factor
• Budget Template
• Budget Approach
• Budgeting Working papers
• Budgeted Profit & Loss
• Budgeted Balance Sheet
• Budgeted Cash flows

Business Analysis

• Payback Period
• NPV
• IRR
• Profitability Index

• Anyone who wants to upgrade their skills for senior level jobs
• Have qualification but lack practical skills
• Or experience from abroad but lack UK based skills and experience

Why CAC Training

• Practical Accountancy Training & Work Experience
• Office based Personalise training sessions with industry professionals
• Recognised certification
• Flexible timing, you can make your own time table. Open 6 Days a Week
• Professional Experience and reference from reputed organisation
• Recruitment services i.e. CV, interviews and complete job hunting support
• Software support and installation
• ACCA/AAT PER support

You need to have complete understanding of advance level accounting knowledge before selecting this course

Suitable Jobs

After course completion you can get a job as a

• Management Accountant
• Assistant Management Accountant etc.

Benefits

• Practical Training with ACCA qualified Accountant
• Certifications
• Work Experience
• Complete Recruitment Support