Management Accounting

Managerial accountants work within companies and organizations to direct internal financial processes; monitor costs, sales, spending, and budgets; conduct audits; identify past trends and predict future needs, and assist company leaders with financial decisions.

An Overview of Management Accounting Learning Objectives After successfully finalizing this course, students should be able to: • Define managerial accounting; • Have a clear view on business ethics, especially ethics related to accounting; • Define cost drivers and calculate cost behavior; • Use cost-volume-profit analysis in decision-making; • Set-up and use Activity-Based Costing; • Decide when information is relevant; • Use relevant information for decision making, both for pricing and operational decisions; • Describe the benefits of budgets; • Set-up and use a master budget; • Set-up and use flexible budgets; • Execute variance analysis; • Understand, define, and implement management control systems and responsibility accounting; • Discuss and comment on management control systems in a decentralized organization; • Analyse projects using discounted cash flow approach; • Set-up and use a scheme of cost allocation; • Set-up and use accounting for overhead costs; • Implement job-costing and process-costing systems.

Elegant Professional and Management Development is a leading training center in Dubai, U.A.E. We specialize in affordable and effective face-to-face training in variety of courses to meet the needs of the today’s business.

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We also run a range of courses for individuals at our training centre enabling delegates to get out of the office so they can network with other learners, build their skills and confidence, and practice in a safe learning environment.