Upcoming

The Complete Management Accounting Course

with Antoniya Baltova

The Complete Management Accounting Course is meticulously designed for aspiring financial analysts and students who want to excel in the field of management accounting. This comprehensive program delves into the core concepts, strategies, and practical applications necessary for effective decision-making, planning, and control within an organization. Starting with an introductory section, the course demystifies the essence of management accounting, comparing and contrasting it with financial accounting, and exploring common terms and strategic planning processes. Students will gain a strong foundation in cost concepts, learning to distinguish between production and non-production costs, direct and indirect expenses, as well as fixed, variable, and stepped costs. The curriculum includes a practical test to consolidate the cost concepts covered. A critical component of the course is the Cost-Volume-Profit Analysis, where learners will master the calculation of margin of safety and target profit, complemented by a sensitivity analysis and a real-life case study. This section also contrasts cost centers, profit centers, and revenue centers, with another practice test to reinforce the learning. The course then navigates through the nuances of Absorption Costing vs. Marginal Costing, offering insights into materials, labor, and overheads, and debating their respective advantages and drawbacks. Budgeting basics form another critical pillar of the course, explaining the need for budgets, the differences between budgeting and forecasting, preparation processes, flexible budgeting, and the behavioral aspects involved, ending with an exposition on Zero-based budgeting. Finally, the course concludes with Performance Measurement & Control, providing a framework for performance overview, application of measurement techniques, identification of Key Performance Indicators (KPIs), utilization of the Balanced Scorecard, benchmarking practices, and methods for internal control and risk management, all aimed at cost reduction and value enhancement. This course is perfect for those who aim to take a strategic role in management accounting, providing the tools and knowledge required to contribute effectively to business success.

Course launch in

Jun

2024

Upcoming courses

The Complete Management Accounting Course

with Antoniya Baltova

The Complete Management Accounting Course is meticulously designed for aspiring financial analysts and students who want to excel in the field of management accounting. This comprehensive program delves into the core concepts, strategies, and practical applications necessary for effective decision-making, planning, and control within an organization. Starting with an introductory section, the course demystifies the essence of management accounting, comparing and contrasting it with financial accounting, and exploring common terms and strategic planning processes. Students will gain a strong foundation in cost concepts, learning to distinguish between production and non-production costs, direct and indirect expenses, as well as fixed, variable, and stepped costs. The curriculum includes a practical test to consolidate the cost concepts covered. A critical component of the course is the Cost-Volume-Profit Analysis, where learners will master the calculation of margin of safety and target profit, complemented by a sensitivity analysis and a real-life case study. This section also contrasts cost centers, profit centers, and revenue centers, with another practice test to reinforce the learning. The course then navigates through the nuances of Absorption Costing vs. Marginal Costing, offering insights into materials, labor, and overheads, and debating their respective advantages and drawbacks. Budgeting basics form another critical pillar of the course, explaining the need for budgets, the differences between budgeting and forecasting, preparation processes, flexible budgeting, and the behavioral aspects involved, ending with an exposition on Zero-based budgeting. Finally, the course concludes with Performance Measurement & Control, providing a framework for performance overview, application of measurement techniques, identification of Key Performance Indicators (KPIs), utilization of the Balanced Scorecard, benchmarking practices, and methods for internal control and risk management, all aimed at cost reduction and value enhancement. This course is perfect for those who aim to take a strategic role in management accounting, providing the tools and knowledge required to contribute effectively to business success.

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