Management Accountant Training

Financial Analyst

Equip Yourself with Essential Analyzing Skills

Management accounting helps in analyzing and recording financial information which can be used by a company to increase its efficiency and productivity. The complexities of business environment have necessitated the use of management accounting for proper planning, coordinating, decision making and controlling functions of management. It’s indeed a crucial discipline within accounting that focuses on providing financial information and analysis to help management make informed decisions, plan effectively, coordinate activities, and control resources within an organization.

Readymade Accountants

Course Modules:

01 Cost Accounting Fundamentals

Cost Concepts and Classification: Understand various cost concepts and their classification.
Cost Behavior Analysis: Learn how costs behave in different situations (fixed, variable, mixed).
Cost-Volume-Profit (CVP) Analysis: Analyze the relationship between costs, volume, and profit.

02 Job Costing

Concepts and Principles: Understand the fundamental principles of job costing.
Job Cost Sheets: Learn to prepare and maintain job cost sheets for tracking costs associated with specific jobs or projects.
Direct and Indirect Costs: Differentiate between direct and indirect costs and allocate them to individual jobs accurately.
Job Costing Examples: Explore real-world examples to apply job costing concepts effectively.

03 Process Costing:

Process Costing System: Understand the characteristics and components of process costing systems.
Equivalent Units: Learn to calculate equivalent units of production for work in process inventory.
Cost Allocation: Allocate costs to units produced using the weighted average and FIFO methods.
Process Costing Examples: Analyze case studies and examples to gain practical insights into process costing techniques.

04 Budgeting and Forecasting

Budgeting Process: Learn how to create, implement, and monitor budgets effectively.
Variance Analysis: Analyze differences between budgeted and actual performance.
Forecasting Techniques: Gain proficiency in forecasting methods to predict future financial outcomes.

05 Decision Making and Analysis

- Cost-Volume-Profit (CVP) Analysis: Use CVP analysis to make strategic decisions.
- Capital Budgeting: Evaluate investment decisions using techniques like Net Present Value (NPV) and Internal Rate of Return (IRR).
Make vs. Buy Analysis: Analyze whether to produce goods internally or outsource

06 Strategic Management Accounting

Strategic Cost Management: Align cost management practices with organizational strategies.
Activity-Based Costing (ABC): Allocate indirect costs to products or services based on activities.
Target Costing: Determine target costs for products or services to achieve desired profit margins.

Start Your Journey to Becoming a Management Accountant

Enroll in the Readymade Accountants Institute’s Management Accountant Training Program and acquire the skills and knowledge needed to thrive in managerial accounting roles. Our comprehensive curriculum and practical training approach will prepare you for success in the dynamic world of management accounting.

Contact Us

Contact us for a quote, help, or to join the team.

Email:

support@readymadeaccountants.com

Phone:

+91 9821565210