This interactive e-learning course has been created for managers or small company owners who would like to develop their knowledge and understanding of some of the topic areas that make up management accounting.
This course has been adapted from a longer “Finance for Non-Finance Managers” course which is taken from a Level 5 (undergraduate degree) Financial Accounting programme.
Step-by-step break downs of calculations and processes are presented in a colourful and interactive way to help you understand them clearly. Case studies provide context to help you visualise why and how a business applies management accounting principles.
Assessment is embedded throughout the course in the form of knowledge checks and an end of course summative assessment. Additionally, the case study and knowledge check solutions can be downloaded in .xlsx format for you to use and adapt in your own company.
12 months of unlimited access is instantly granted upon purchase. It is anticipated that you will require around 6 hours to complete this course, although you progress at a speed that you are comfortable with.
Module 1 - Fundamentals of Management Accounting
Module 2 - Cost Estimation (Using the High-Low method)
Module 3 - Accounting for Overheads (Using absorption costing)
Module 4 - Marginal Costing (Controlling costs of production)
Module 5 - Activity Based Costs (ABC)
Module 6 - Break Even Analysis
Module 7 - Single Limiting Factor (Utilising resources to the full)
Module 8 - Budgeting
Module 9 - Standard Costs
Module 10 - Working Capital Cycle (Ensuring a business has cash to survive day-to-day)
Module 11 - Final Assessment
By completing this course you will have learnt how to:
- Define and use basic accounting terminology
- Apply basic accounting calculations and techniques
- Explain the fundamental concepts and principles of management accounting
- Interpret and evaluate accounting information