Explore the essential concepts, terms, tools, and methods of management accounting and learn how to analyse and interpret accounting information to make better management decisions by referring to the lessons covered in this course.
In business, the function of making decisions usually falls in the hands of managers. Any decision they make can have significant impact on whether or not the venture will meet its goals. Due to this, it is imperative for managers to rely on accurate information before making decisions, especially when it concerns the finance of the business. That is the area where management accounting can help.
Management accounting involves collecting, monitoring, analysing, and interpreting valuable information about a business to allow managers make informed judgements and decisions. It applies to every type and structure of business, from those in the service and manufacturing industries to sole traders and corporations. Even non-profit organisations make use of management accounting to maintain smooth operations and ensure they are meeting their goals. Knowledge of this discipline, therefore, greatly improves a business’s opportunities for growth, development, and success.
This Online Management Accounting course will get down to the fundamentals of management accounting, giving you a definition of what it is and pointing out why it is significant and who uses it. It will also talk about essential concepts, such as costing system, budgeting, and pricing. The course will also guide you through the processes of gathering information, measuring performance, evaluating results, and making decisions.
Course Units
Unit 1: Figuring Out the Mission, Objectives, and Targets of Management Accounting
Unit 2: What a Costing System Means and How It Works
Unit 3: The Basics of Budgeting
Unit 4: More About the Basics of Budgeting
Unit 5: CVP Analysis: What It is and How It is Done
Unit 6: The Process of Making Decisions
Unit 7: Matters Related to Pricing
Unit 8: What is Transfer Pricing?
Unit 9: Defining Performance Measurement
Unit 10: How to Evaluate Results
Unit 11: Knowing What is Involved in Measuring Performance
Unit 12: Digging Further Into Measuring Performance
Unit 13: Looking Into Operations Management
Expected Learning Outcomes
At the end of this course, you will be able to:
I purchased this course one week ago but have not received a confirmation email or any sign in details.
Answer:Hi Ellen, Please see the contact details of the provider on the reed advert. Thank you
This was helpful.Dear Madam or Sir, My name Happy, I am living in Viet Nam I would like some paper related to accounting please to give me know, can I print out
Answer:Hi Happy, Sorry but the course should be done only through our learning platform. Everything will be done online. Thank you
This was helpful.How long will it take to complete this course part time online and are there any other costs involved?
Answer:Hello Peter, This is a one-time payment only. You will be given a year of access to this course. Thank you
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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.
Interest free credit agreements provided by Zopa Bank Limited trading as DivideBuy are not regulated by the Financial Conduct Authority and do not fall under the jurisdiction of the Financial Ombudsman Service. Zopa Bank Limited trading as DivideBuy is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). Zopa Bank Limited (10627575) is incorporated in England & Wales and has its registered office at: 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG. VAT Number 281765280. DivideBuy's trading address is First Floor, Brunswick Court, Brunswick Street, Newcastle-under-Lyme, ST5 1HH. © Zopa Bank Limited 2024. All rights reserved.
