Management Accounting, Traditional and Advanced Costing Models
Business Financial & Accounting Skills
Business Financial & Accounting Skills
Business Financial & Accounting Skills
FB36
26.Apr.2026 to 30.Apr.2026
Online
Cost1400 £ GBP
Course overview
Who Should Attend
Course Outline
Associations
Schedular and fees
Introduction
This training course covers key effects like cost analysis, continuous cost appointment development, budgeting, management control, and performance evaluation.
A training course encourages participants to understand the cause-and-effect relationship between the business plan and vision, operational objectives, measures, and targets, as well as advanced performance estimation and reporting.
Adequate planning and control necessitate the development of skills that extend far beyond mastery of any single method.
This training course directs on:
Master the Finance and Accounting jargon to get business methods
Cost Analysis for Budgeting Goals and Decision Making
Financial and Operational Standards to support the budgeting manner
Best Practices to Achieve Organizational Performance
Link Strategy to Costing and Performance Evaluation
Course Objectives of Business Financial & Accounting Skills
Understand the Finance and Accounting jargon
Learn Costing and Budgeting Terminologies used in business
Determine the full costs of Outputs for the Goods and Services provided
Master traditional techniques and recent best practices
Link Finance and Operation for Budgeting Purposes and Strategy Execution
Learn How to Build a Comprehensive Performance Measurement System
Course Methodology of Business Financial & Accounting Skills
This training course will be delivered in conjunction with workshop principles through regular lectures, case studies, and interactive work examples.
Case studies will be presented to demonstrate the use of each device in an operational environment.
Each training point will be reinforced with effective practices, and difficult mathematical concepts will be reduced and managed in an easy-to-understand visual format with illustrations.
Organizational Impact of Business Financial & Accounting Skills
Cost and Budgeting knowledge will be magnified
Higher opportunities to select a budgetary system that works
Broadened awareness of achievement management methods
A better approach to link cost and budgeting to planning and performance measurement
A more rooted understanding of reason and impact relationship for budgeting purposes
Better knowledge of non-financial hints of budgeting
Personal Impact of Business Financial & Accounting Skills
Participants will know the costing and budgeting methods most helpful to them
They will know how to construct a fit and effective budget
They will acquire to judge the usefulness of costing techniques in accurately calculating and ensuring profitability
They will reinforce and develop their awareness by linking budgeting to planning and performance measurement
They will expand their knowledge by linking financial and operational effects
Who Should Attend
Financial Professionals, Finance Controllers Treasurers, and Inventory Professionals
Senior Professionals with direct responsibility for Financial Management and Control
Accountants, Planners, & Cost Professionals
Any professional who has responsibility for any portion of the planning process
Any professional, at a mediocre and senior level, who is a member of the financial decision-making partners
New interns and delegates with finance-related dependabilities
Course Outline
DAY 1
Management and Financial Accounting: Key Concepts and Terminologies
Identify the Major Differences and Similarities between Financial and Managerial Accounting
Understand the Role of Management Accountants in an Organization
Linking Strategy to Planning and Costing
The Key Role of Budgeting and Cost Control in Contemporary Organizations
Towards a Cross-Functional Process-View of the Organization
Understand Your Processes: Integrating Financial and Non-financial Aspects
Understanding The Financial Statements
Video, Examples & Discussions
DAY 2
Cost Analysis
What is Costing?
Cost Concepts and Terminology
Different Costs for Different Purposes
Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model
Contribution Margin Analysis
Manufacturing vs. Non-manufacturing Costs
Period vs. Product costs: Inventory Evaluation and Control
Case Study
DAY 3
Traditional vs. Advanced Techniques in Cost-control
Under-costing and Over-costing: The Consequences for Profitability
How to refine a Costing System?
Indirect vs. Direct Costs
Traditional Cost Allocations Systems vs. Activity-Based Costing
Cost Hierarchy & Cost Drivers
Linking Resources, Activities and Management
Introducing Activity-Based Budgeting and Management
Video, Case Study and Examples
DAY 4
Budgeting: Flexible Budgets and Variance Analysis
The Role of Budgeting
Define the Master Budget and Explain Its Major Benefits to An Organization
Describe the difference between a Static Budget and a Flexible Budget
Compute Flexible-budget Variances and Sales-volume Variances
Discuss The Behavioral Implication of Budgeting
The Budgeting Process in Your Organization: How to improve it?
Which tools shall we use to complement Budgeting and Costing?
Problems, Case Study and Exercises
DAY 5
Measuring Corporate Performance: The Balanced Scorecards and Six-Sigma
Broadening Performance Measurement Systems
The Key Role of Customer Satisfaction and Business Process Re-engineering
Beyond Budgeting: Integrating Financial and Non-financial Issues
