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Management Accounting
Centre of Accountancy

Management Accounting Budgeting & Forecasting

Summary

Price
£900 inc VAT
Study method
Classroom
Duration
50 hours · Part-time
Qualification
No formal qualification
8 students enquired about this course

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Location & dates

Location

Address
Unit CC3.47 1 -3 Brixton Road, Oval, London
Brixton Road
South West London
London
SW96DE
United Kingdom
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Address
Suite 6, 2nd Floor, 84 Uxbridge Road, Ealing
Uxbridge Road
West London
London
W138RA
United Kingdom
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Overview

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.

Course media

Description

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

Who is this course for?

  • 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

Requirements

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

Career path

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

Questions and answers

Reviews

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Course rating
100%
Service
100%
Content
100%
Value

Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

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.
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