Management Accounting Course in Memphis

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Management Accounting Course

Memphis

Develop skills to analyse financial data for better business decisions
Learn techniques to manage and reduce operational costs effectively
Acquire accounting skills with our comprehensive Management Accounting Course

Dates & Prices Dates & Prices

Course information

Management Accounting Course Outline

Module 1: Introduction to Management Accounting

Overview of Management Accounting
- Definition and scope
- Differences between financial and Management Accounting
Role of Management Accounting in Decision Making
- Strategic and operational decision making
- Importance for internal control

Module 2: Cost Concepts and Classifications

Basic Cost Concepts
- Direct vs. indirect costs
- Fixed vs. variable costs
Cost Classification
- Product vs. period costs
- Cost behaviour and analysis

Module 3: Costing Methods and Techniques

Job Order Costing
- Characteristics and applications
- Cost allocation and control
Process Costing
- Process cost flow
- Calculation of unit costs
Activity-Based Costing (ABC)
- Principles of ABC
- Implementation and benefits

Module 4: Budgeting and Forecasting

Types of Budgets
- Master budget
- Flexible budgets
Budgetary Control
- Variance analysis
- Performance measurement
Forecasting Techniques
- Quantitative vs. qualitative methods
- Forecasting for decision making

Module 5: Cost-Volume-Profit Analysis

Break-Even Analysis
- Calculation and interpretation
- Application in decision making
Contribution Margin Analysis
- Contribution margin ratio
- Impact on profitability

Module 6: Performance Measurement and Management

Standard Costing
- Setting and analysing standards
- Variance analysis
Balanced Scorecard
- Perspectives and metrics
- Linking performance to strategy

Module 7: Financial Performance Evaluation

Profitability Analysis
- Margin analysis
- Return on investment (ROI)
Liquidity and Solvency Analysis
- Cash flow management
- Financial ratios

Module 8: Strategic Management Accounting

Strategic Cost Management
- Techniques and tools
- Aligning costs with strategy
Competitive Analysis
- Benchmarking
- Value chain analysis

Module 9: Ethical and Professional Issues in Management Accounting

Ethical Standards and Guidelines
- Professional ethics in Management Accounting
- Case studies and applications
Regulatory Framework
- Legal and regulatory issues
- Compliance and governance

Who should attend this Management Accounting Course?

This Management Accounting Course is ideal for individuals seeking to enhance their financial decision-making skills, improve budgeting and forecasting, and gain deeper insights into managing organisational finances effectively. This course can be beneficial for a wide range of professionals, including:

Financial Analysts
Budget Analysts
Accountants
Controllers
Finance Managers
Business Consultants
Financial Planners
Investment Analysts

Prerequisites of this Management Accounting Course

There are no formal prerequisites required for this Management Accounting Course.

Management Accounting Training Course Overview

Management Accounting is a crucial discipline focused on providing financial information for internal decision-making. It plays a pivotal role in budgeting, performance evaluation, and strategic planning, offering insights that help organisations optimise their financial performance and make informed business decisions. Understanding Management Accounting principles is essential for enhancing operational efficiency and strategic effectiveness.

Proficiency in Management Accounting is vital for professionals aiming to excel in finance and accounting roles. It is particularly beneficial for Financial Analysts, Budget Officers, and Management Accountants who need to interpret financial data for strategic purposes. Mastering this skill ensures better resource allocation, cost management, and financial planning.

In this 2-day Management Accounting Training offered by The Knowledge Academy equips delegates with essential Management Accounting skills, including budgeting techniques, cost analysis, and financial forecasting. Delegates will gain practical knowledge to analyse financial performance, make data-driven decisions, and contribute effectively to their organisation’s financial strategy. The course is designed to enhance both theoretical understanding and practical application.

Course Objectives

To understand the principles and practices of Management Accounting
To develop skills in budgeting and forecasting techniques
To analyse cost behaviours and their impact on decision-making
To evaluate financial performance using key metrics and reports
To implement effective cost control measures
To apply Management Accounting concepts to real-world scenarios

Upon completing the course, delegates will receive a certificate recognising their proficiency in Management Accounting. This certification validates their ability to apply Management Accounting principles in practical settings, enhancing their professional credentials and career prospects.

What’s included in this Management Accounting Course?

World-Class Training Sessions from Experienced Instructors
Management Accounting Certificate
Digital Delegate Pack

Why choose us

Our Memphis venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Memphis is located within Tennessee on the fourth flood plain on Chickasaw Bluff which is just below the Mississippi and Wolf River. Only established in 1819 as a city within Tennessee, Memphis is the youngest of the major cities within the state. It is also the largest city within Tennessee as it was home to around 653,450 people within 2013. Memphis also has a large metropolitan population estimated at 1,316,100 people in 2010. Schools run within the city of Memphis can either be public or privately owned schools. The public schools are run by the Shelby County Schools and consists of over 200 elementary, middle and high schools, some of the private schools include both schools for boys, girls and both these include the Lausanne Collegiate School, Christian Brothers High School, Briarcrest Christian School, First Assembly Christian School, and the Hutchison School. Some of the Memphis colleges and universities include Memphis College of Art, LeMoyne–Owen College, University of Memphis Cecil C. Humphreys School of Law, Christian Brothers University and the University of Memphis. As well as being the oldest public college of dentistry within the United States, the University of Tennessee College of Dentistry is also the oldest dental college in the south of the United States as it was founded in 1878.

Address

Clark Tower
5100 Poplar Avenue
Suite 2700
Memphis
Tennessee
38137

T: +1 7204454674

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Management Accounting Course in Memphis. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Learn more in our FAQs

Unlock your potential with The Knowledge Academy's Management Accounting Course in Memphis, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Learn more in our FAQs

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

Learn more in our FAQs

What our customers are saying

Management Accounting Course in Memphis FAQs

What time shall I arrive at the venue?

Please arrive at the venue at 8:45am.

What are the pre-requisites?

Who should attend this course?

Do you offer support for the course?

We are able to provide support via phone & email prior to attending, during and after the course.

What is included in the course?

Delegate pack consisting of course notes and exercises, Manual, Experienced Instructor, and Refreshments

What is the duration of this course?

This course is [ ] day(s)

How long until I receive the course confirmation details?

Once your booking has been placed and confirmed, you will receive an email which contains your course location, course overview, pre-course reading material (if required), course agenda and payment receipts

What is the cost/training fees for Management Accounting Course certification in Memphis?

The training fees for Management Accounting Course certification in Memphis starts from $2295

Which is the best training institute/provider of Management Accounting Course in Memphis?

The Knowledge Academy is the Leading global training provider for Management Accounting Course.

What are the best Accounting Fast Track Courses courses in Memphis?

Please see our Accounting Fast Track Courses courses available in Memphis

Why choose us

Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

Many delivery methods

Flexible delivery methods are available depending on your learning style.

High quality resources

Resources are included for a comprehensive learning experience.

"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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