Every company depends on effective accounting and analysis strategies in order to maintain a competitive standing within the global business environment.
Course Overview
Every company depends on effective accounting and analysis strategies in order to maintain a competitive standing within the global business environment. You will learn how to use financial information to forecast sales performance, identify potential risks, and develop effective business strategies. Managerial accounting involves the study of information systems, accounting records, and company goals to make sound decisions within the organisation.
Throughout the course of this programme, you will focus your learning on the following areas:
The role of managerial accounting in the effective conduct of an organisation
Describing and identifying information that relates to business decisions
The various types of costs and cost behaviours
Management tools for evaluating performance and making costing decisions
Making the right short-term decisions regarding outsourcing, special orders, and product mix
Using responsibility accounting to evaluate managerial or departmental performance
The preparation of a master budget and utilising it for planning and control purposes
Arriving at carefully considered capital investment decisions through the use of financial models
Product and service quality management for eliminating deficiencies and waste
You will be formally assessed once during the programme, which will consist of a written report of up to 3,500 words. Completing this assignment to a satisfactory standard is a mandatory requirement.
Duration:
Minimum 3 Months
Maximum 4 Months
Start Dates:
1st or 15th of every month
Costs:
Please contact admissions