Finance and Accounting

Training Course: Information for Planning, Decision Making and Control


Register Now
Quick Inquiry
Discount Group Download Brochure (37)

FI2060

17 - 21 Feb 2025

Barcelona (Spain)

Hotel : Grupotel Gran Via 678

Cost : 5250 € Euro

Introduction

Managerial accounting is an activity that provides financial and nonfinancial information to business managers and other internal decision-makers of an organization. This course examines how managerial accounting information is gathered, and how it is used by business professionals to make effective plans & decisions. Lessons such as fundamentals of managerial accounting cost accounting concepts, and managerial accounting approaches will provide you with the concepts, procedures, and analytical skills you'll need to make informed decisions in today's challenging business world.

Managerial accounting is not as widely used as other forms of accounting, nor is it as known. While companies concern themselves with financial accounting methods like audits, budgets, and financial statements, they often completely ignore the forward-thinking methods of managerial accounting.

Key points include:

  • Managerial vs. financial accounting
  • Cost-Volume-Profit analysis for decision making
  • Make vs. buy decisions for planning
  • Fixed vs. variable vs. mixed costs for control
  • Capital budgeting that makes a difference

Course Objectives of Decision Making and Control

This course will help you learn how to:

  • Cost terms and Concepts
  • Cost Behavior: Analysis and Use
  • Direct vs. Absorption Costing
  • Overhead Costing for Planning and Control
  • Standard Costs & Variance Analysis
  • Relevant Costs for Decision Making
  • Financial Statement Analysis

The Benefits of Decision Making and Control

  • The improved appreciation for the accounting approach to planning
  • Reduced inter-functional territorial battles
  • Higher productivity during the decision-making process
  • Increased skill set in all phases of accounting
  • Greater ability to use managerial accounting information to control positive outcomes

Course Results of Decision Making and Control

By successfully completing this course, delegates will be able to:

  • Define managerial accounting & its impact on the organization
  • Make better decisions through the results calculated
  • Maintain better control of all costs
  • Plan more accurately using managerial accounting
  • Describe policies and company components that affect managerial accounting

Course Outlines of Decision Making and Control

Day 1: Managerial Accounting: a perspective

  • The role of Managerial Accounting
  • Financial vs. Managerial Accounting
  • Cost Accounting vs. Managerial Accounting
  • The work of management
  • The Organization aspects of Managerial Accounting
  • Using Managerial Accounting for planning, decision-making & control

Cost Concepts, Terms & Classifications

  • Diff cost s 4 diff purposes
  • Cost classifications
  • Cost by function
  • Product vs. period costs
  • FC, VC & Mixed costs
  • Costs for planning, control & decision making

Day 2: Cost Behavior Patterns

  • Analysis of cost behavior
  • Fixed Costs-committed vs. discretionary
  • Variable costs
  • Semi-variable costs
  • The Contribution Margin approach
  • Comparing Gross Profit to The Contribution Margin

Cost-Volume-Profit & Break Even

  • Cost-Volume-Profit & Break-Even defined
  • Cost-Volume-Profit analysis
  • Target income calculations
  • The margin of safety calculations
  • Sales mix analysis
  • Break-Even analysis

Day 3: Standard Costs

  • Responsibility accounting defined
  • Responsibility centers
  • Standard costs & Variance Analysis
  • Fixed overhead variances
  • VA for factory overhead
  • Absorption vs. direct costing

Relevant Costs

  • Relevant costs defined
  • Decision-making approaches
  • Make vs. buy decisions
  • Sell vs. process decision
  • Lease vs. buy decision
  • Adding or dropping a line decision

Day 4: Capital Budgeting

  • Capital Budgeting decisions defined
  • Capital Budgeting techniques demonstrated
  • Mutually exclusive projects
  • Capital rationing & decision making
  • Investment decisions
  • Decision-making tools

Performance Evaluation

  • Division evaluation
  • Return On Investment (ROI)
  • Profit planning
  • Residual income (RI)
  • Controlling results using ROI
  • Controlling results using RI

Day 5: Financial Statement Analysis

  • Ratio overview
  • Liquidity ratios
  • Activity ratios
  • Leverage ratios
  • Profitability ratios
  • Market ratios

Statement of Cash Flows

  • P&L to Cash flow analysis
  • Accrual basis of accounting
  • Operations section explored
  • Investing section explored
  • Financing section explored
  • Cash Flow statement to Balance Sheet connection

Finance and Accounting

Training Course: Information for Planning, Decision Making and Control


Register Now
Quick Inquiry
Discount Group Download Brochure (37)

FI2060

17 - 21 Feb 2025

Barcelona (Spain) - Grupotel Gran Via 678

Hotel : Grupotel Gran Via 678

Cost: 5250 € Euro


  About Barcelona

Barcelona, the main city of Catalonia on Spain's east coast, is known for its fantastic weather and proud local culture. It is also Spain's second largest city and has all the cosmopolitan trappings you would expect. Among Barcelona's many attractions are the delicious seafood, stunning architecture and vibrant atmosphere. It began life as a Roman city and has remained important ever since. Today, it is a buzzing city offering more than enough reasons to look for flights to Barcelona. Between UNESCO World Heritage Sites, famous sports teams plus great food, there's no shortage of ways to amuse oneself.


  Things to do and places to visit in Barcelona

Barcelona really does have something for everyone. The attractions of Barcelona include beautiful beaches to relax on, almost endless historical locations to explore, all the shops you could ever wish for, one of the world's most admired football clubs and world-class eateries - you may never want to leave. Luckily, with so much to do the city's compactness makes it easy to explore. Simply wandering through the streets is a great way to soak up the atmosphere.

Just some of the great things to do in Barcelona include:

  • Marvel at Gaudi's masterwork, the Sagrada Familia.
  • Sample the wide range of tapas in Barcelona's bars.
  • See the somewhat surreal architecture of Antoni Gaudi.
  • Wander through Park Guell, which offers great views over the city and out to sea.
  • See the Cubist master’s early work in the Picasso Museum.
  • Get lost in the winding streets of the Gothic Quarter, known locally as the Barri Gotic.
  • Browse the upmarket shops along the Passeig de Gracia.
  • Soak up the tranquil atmosphere in the Cathedral of the Sea.
  • Watch the silky skills of FC Barcelona in a game at the Camp Nou.
  • Enjoy authentic paella with fresh seafood.
  • Climb Montjuic for spectacular views.
 22 Portman Square, Marylebone, London W1H 7BG, UK
 3 Oudai street, Aldouki, Giza, Giza Governorate, Egypt
 0020233379764
 00201095004484
 00201102960555
 00201102960666
 19 Mayıs Mahallesi, 19 Mayis Street No 2 Sisli, 34360 Istanbul/Turkey
 00905357839460
 Australia Street, Raouche Beirut, Lebanon .، Beirut, Lebanon
 0096181746278
 811 Massachusetts Avenue, Boston, Massachusetts, 02118, USA
 6 Beirut Street - Fifth Circle Abdoun, P.O. Box 831370, 11183 Amman, Jordan
Copyright Global Horizon Training Center © 2019