MANAGEMENT ACCOUNTING & BUDGETING FOR NON-ACCOUNTANTS
A 2-day Introduction to Management Accounting

Aim of the course

This course is designed to equip delegates with a basic understanding of management accounting and budgeting and the contribution these can make to effective management.

Accounting has an undeserved reputation of being a dull subject. The aim here is to get the information across in a stimulating and entertaining manner but without losing any of the required rigour. The consistent popularity of the course over the years shows how effective this approach has been. The lecturers involved have a wealth of business experience to draw on and a particularly attractive feature is the way in which they use this experience to illustrate and emphasise the subject matter.

A prior understanding of the concepts of the Profit & Loss Account and the Balance Sheet is assumed. The Bristol Management Centre Financial Accounting for Non-Accountants would provide necessary background for anyone lacking this aspect.

Course Content

The course examines in detail the nature and scope of management accounting and the analysis and presentation of budgetary information to assist managers in making decisions. It is highly interactive and participation by course delegates is actively encouraged. Delivery involves the use of a comprehensive specially written manual, lectures, practical exercises, case study material and videos.

Topics covered, in detail, during the week include:-

• Cash Flow forecasting and the control of cash.
• Business ratios/Indicators of performance and financial position.
• The use of accounting information in decision making
• The control of costs/cost accounting
• Budgeting & Budgetary Control
• Pricing