Managerial Accounting

Course Overview

After having a good working knowledge of Business Accounting and Tax Program, Management Accounting now focuses on business development, building wealth, propose pricing of products, investments, and minimizing cost, thus keeping more of what you earn.


Topics to be covered

• Gain confidence in dealing with accounting and financial data and decisions
• Deeper understanding of financial statements: Balance Sheet and Income Statement
• Understand the cash flow and value consequences of your decisions
• Communicate more clearly the resource needs and returns of your projects
• Appreciate the process and importance of value creation
• Learn how to evaluate your investment projects, marketing and R & D expenditures

Topic 1

• Introduction to Business Environment

Topic 2

• Service Cost
• Trading Cost
• Manufacturing Cost

Topic 3

• Cost Behavior
• Fixed Cost
• Variable Cost
• Sales Price
• Sales Volume
• Cost Structure
• Profit Stability

Topic 4

• Relevant Cost

Topic 5

• Capital Investment Analysis
• Payback Method
• Net Present Value (NPV)
• Internal Rate of Return (IRR)
• Return of Investment (ROI)

Topic 6

• Cash Flow

Who should attend:

The Program is ideal for Business Managers and Business Owners in both private and public sector. Specifically, the program should be of interest to:

• Managers in non-financial fields, including marketing, general management, information technology, engineering, product development, processing and manufacturing
• Non-financial professionals, directors, lawyers, investment advisors, and those involved in research and development, scientific, technical & systems and development projects with commercial applications
• Managers with new responsibilities such as division and department managers, project team leaders and directors
• Private individuals, professionals, executives, entrepreneurs keen to understand concepts underlying financial statements and financial decision-making for management and investment choices