{"id":3732,"date":"2020-12-24T13:15:18","date_gmt":"2020-12-24T13:15:18","guid":{"rendered":"https:\/\/www.lbtc.co.uk\/?post_type=course&#038;p=3732"},"modified":"2024-10-15T20:36:03","modified_gmt":"2024-10-15T20:36:03","slug":"afb103ax","status":"publish","type":"download","link":"https:\/\/www.lbtc.co.uk\/course\/afb103ax\/","title":{"rendered":"Management Accounting Essentials Workshop"},"content":{"rendered":"<h2>Overview<\/h2>\n<p>This training workshop explains the nature of management accounting and how it aids managers&#8217; decision-making.<\/p>\n<h2>Agenda<\/h2>\n<h3>Accounting for Decision-making<\/h3>\n<ul>\n<li>Key characteristics of accounting information<\/li>\n<li>The role of information technology<\/li>\n<li>Commercial objectives<\/li>\n<li>Capex and opex<\/li>\n<\/ul>\n<h3>The Key Relationship \u2013 Cost, Volume, Profits<\/h3>\n<ul>\n<li>Costs for decision-making<\/li>\n<li>Breakeven analysis<\/li>\n<li>Types of profit<\/li>\n<li>Cost management strategies<\/li>\n<\/ul>\n<h3>Control through Budgeting<\/h3>\n<ul>\n<li>Corporate plans<\/li>\n<li>Budgets and forecasts<\/li>\n<li>Types of budgets<\/li>\n<li>Behavioural aspects of budgeting<\/li>\n<\/ul>\n<h2>Target Audience<\/h2>\n<p>This training workshop is suitable for:<\/p>\n<ul>\n<li>Staff responsible for budget preparation and reporting.<\/li>\n<li>Managers who are budget holders or have budget responsibility.<\/li>\n<li>Staff with planning responsibility who need a deeper understanding of costs and budgets.<\/li>\n<\/ul>\n<h2>Learning Outcomes<\/h2>\n<p>Upon completion of this training workshop, you will be able to:<\/p>\n<ul>\n<li>Understand how the finance function can create a decision support structure for managers.<\/li>\n<li>Explain the relationship between cost, volume and profits and why this is important to managers.<\/li>\n<li>Explain the scope of budgeting as a planning and control tool.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Overview This training workshop explains the nature of management accounting and how it aids managers&#8217; decision-making. Agenda Accounting for Decision-making Key characteristics of accounting information The role of information technology Commercial objectives Capex and opex The Key Relationship \u2013 Cost, Volume, Profits Costs for decision-making Breakeven analysis Types of profit Cost management strategies Control through [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8259,"template":"","edd-categories":[771],"edd-tags":[],"subject":[13],"class_list":{"0":"post-3732","1":"download","2":"type-download","3":"status-publish","4":"has-post-thumbnail","6":"download_category-lbtc-course","7":"subject-accounting-finance-banking-courses","8":"entry","9":"edd-download","10":"edd-download-cat-lbtc-course"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Management Accounting Essentials training workshop | London, UK<\/title>\n<meta name=\"description\" content=\"Management Accounting Essentials training workshop with UK&#039;s premier training provider - London Business Training &amp; Consulting. 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