Intro to Management Accounting
$515.00
This course will expose participants to the introductory aspect of internal reports and analyses, management planning, management decision making and product costing.
Introduction to Management Accounting
Date:
Day(s):
Mondays & Wednesdays
Duration:
50 hours
Time:
5:30 pm –7:30 pm
Venue:
NRDF Room # 5
Certification:
UWI Endorsed Certificate
Background:
This course will expose participants to the introductory aspect of internal reports and analyses, management planning, management decision making and product costing.
Target Group:
Students who have completed the Introduction to Financial Accounting and Accounts Clerks, Store Keepers, Purchasing Clerks, Small Business Owners etc.
Tutor:
Cecil Bertin, BComm. Accounting & ACCA Level 2
Course Content
Module 1: Accounting for Manufacturing Businesses
• Stock
• Direct Costs
• Indirect Costs
• Prime Costs
• Production Costs
• Work in Progress
Module 2: Inventory Planning, Control and Valuation
• Acquisition Costs
• Ordering Costs
• Carrying Costs
• Purchasing Control
• Safeguarding the company’s inventory
• FIFO (first in first out)
• LIFO (last in, first out)
Module 3: Product Costing Methods – Standard Variable & Standard absorption
• Variable Costing
• Absorption Costing
• Variable Factory Overhead
• Fixed Factory Overhead
Module 4: Ratio Analysis and Interpretation of Financial Statements
• Liquidity Ratios
• Activity Ratios
• Profitability Ratios
• Coverage Ratios
Module 5: Budgets and Budgeting
• Variance Analysis
• Master Budgets
• Internal & External Forecast
• Capital Budgets
Module 6: Breakeven and Cost-Volume-Profit Analysis
• Fixed Costs
• Variable Costs
• Break Even Point
• Introducing an income tax element
ASSESSMENT:
Home assignment, Class Exercises & Quizzes
And a final examination.
Additional information
Duration | 50 hours |
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