Management Accounting for Business Decisions

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3i Group ABNA Ltd ACI Worldwide Ltd Alexandra Plc Amlin PLC BBC Bio Products Laboratory Bradford & Bingley PLC Britannia Airways British Red Cross Budgeons Cambridgeshire Council Carphone Warehouse Chevrolet Churchill Insurance CIPD City Inn EPR Architects Essex Police Forensic Science Service Fred Olsen Cruise Lines Game Stores Group GCHQ Halfords Help the Aged Heritage Lottery Fund Hyatt Regency London Ikon Office Solutions PLC Ipswich Building Society JCB Sales Josiah Wedgwood Keoghs Solicitors Kingfisher PLC KPMG Ladbrokes Land Registry Lloyds TSB London Business School Macmillan Publishers Manpower Moat House Hotels Morgan Stanley National Autistic Society Natural History Museum NBC Universal Television New Look Retailers Northumbrian Water Ofcom One NorthEast Pepsico Remploy Reuters Revlon Royal Opera House Russell Cooke Solicitors Sandown Park Southern Water Thameslink Rail The Body Shop The British Museum The Children's Mutual The Premier League The Red Cross The Scout Association Thomsonfly Ltd Tiscali Toshiba Trafficmaster Transport for London UNICEF Unwins Wine Group Virgin Money Vodafone Waitrose Westminster City Council Wilkinsons	Management Accounts & Business Decisions Next open course date: TBC, London, £475+VAT per delegate Available in-house: Yes, please contact us for details. 20 second overview This course examines the purpose and methods of management accounting and break-even analysis and their relevance to the decision-making process. The classification and assignment of costs, the distinction between variable and absorption accounting and the difference between the economist’s and the accountant’s view are all examined in this course under main headings which include: Costing Terms and Concepts Overhead Rates and Recovery Cost-Volume-Profit Analysis Break-Even Charts Multi-Product Analysis Comprehensive examples will illustrate the key points and all the course content will be reinforced through delegate exercises to ensure participants gain knowledge and skills that they can use in their daily business. Key Benefits of this Course Your business will benefit from your delegates’ enhanced awareness and knowledge of the methods and purpose of cost accounting. Delegates will benefit from learning how to classify and assign costs so that the financial data more pertinently informs the decision-making process. Course Rationale Senior executives need to understand the treatment of cost in the analysis of business activity and its impact on the decision-making process. This course presents a detailed examination of cost accounting methods and their advantageous application in the business. Full delegate participation in practical exercises, personal support from a skilled trainer and a supporting course handbook are designed to provide participants with the requisite understanding to ensure they add value to your business. Course Content Costing Terms and Concepts Cost Classification Cost Assignment - Allocation - Apportionment Budgeted Overhead Rates Under- and Over-recovery of Overheads Variable and Absorption Costing compared Cost-Volume-Profit Analysis Economist’s Model Accountant’s Model Break-even Chart Margin of Safety Multi-product analysis Delegate Exercises A Note from the Trainer "This a practical course for executives involved in managing a budget for any part of a business. The meaning, interpretation and classification of costs, their treatment and their recovery are examined and reinforced through the extensive use of examples. "This course is designed for those without any formal accounting training. It would also benefit any executives wishing to refresh their skills. Whilst delegates commonly find this a challenging day, you do not need to be a mathematician or an accountant to understand the content. "I am confident that you will find this a programme which will increase your knowledge and your self confidence." Delegate Feedback for Finance Courses "This was excellent: Pitched at the right level by an interesting, humorous teacher who brought life to what can be a dry subject." PL, Heritage Lottery Fund "A very useful introduction, extremely well delivered. Inspiring and instructive." AM, Game Stores "It was run at the right level and the trainer was very adaptable. Brain was not frazzled!" JH, New Look Retailers "Very interesting…thoroughly enjoyed it. Trainer did an excellent job of making the subject interesting." SMP, Smiths Detection For more feedback for our courses please click here. Booking this Course Open course: TBC, London, £475+VAT per delegate BOOK HERE In-house courses: This course can be adapted to your needs and delivered at your offices. Please click here for further details of in-house training or contact us for details. Email: info@cambridge-ed.com Call: 0845 2260624	Contact: 0845 2260624 info@cambridge-ed.com Cambridge Executive Development Supports: