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Management Accounting with MS Excel

This open course is in Polish - for further information about organising this course in-house, please contact us - natalia.medynska@pl.ey.com

The economic environment is changing very quickly. The question arises how to gather the right information in order to manage the company’s risks and develop the company at the same time. We are interested in the information which will enable us to make the right economic decisions.

Enterprises prepare their financial statements including the balance sheet, income statement and statement of cash flows. For managers these statements are often the only source of information about their company’s performance. However they do not contain some internally generated information which could be used to optimise the company’s performance and to make strategic and operating decisions.

  • For whom?
  • Objectives and advantages
  • Programme
  • Date and location
  • Price
  • Contact
  • Download course programme in PDF

For whom?

The course is specially recommended for:
  • those starting their career in a financial controlling environment or management accounting function;
  • employees planning to develop their careers in financial controlling and management (ex-auditors, bookkeepers);
  • entrepreneurs;
  • directors, managers or specialists who receive information about the performance of particular organisational units and about the financial condition of the company on a regular basis.
  • People not working in any finance related department, however responsible for budgeting

Objectives and advantages

After completing the course you will:

  • know how to use management accounting methods to effectively manage your company or department
  • know the advantages and methods of budgeting
  • understand what is the cost of business operations and how it may depend on the accounting policy adopted
  • be able to prepare relevant management information
  • feel more confident talking to the financial staff and receive relevant information
  • be able to obtain financial information and make more accurate business decisions
  • know how to use Excel spreadsheets for budgeting and analysis of financial information
Our courses fulfil the requirements of international professional organizations (ACCA, IIA) relating to continual professional development of their members. Based on obtained certificates participants receive relevant CPD, CPE, PDU points etc.

Programme

  • Cost accounting
    • Introduction to cost accounting
    • Direct and indirect costs. Fixed and variable production costs
    • Absorption and marginal costing.
    • Methods of production cost allocation.
    • Activity Based Costing (ABC)
    • Throughput accounting
  • Types and application of budgets
    • Budgeting and control – strategic and operating aspects.
    • The objectives of budgeting, their types and application.
  • Decision making process
    • Pricing methods and assessment of product profitability.
    • Costs to be considered when pricing a product or service.
    • Using relevant costs and opportunity costs in making short-term decisions.
    • Calculation of a minimal price for oneoff contracts using relevant costing.
    • Optimization of sales mix.
    • Making decisions under uncertainty.
    • Application of theory of constraints to make business decisions.
    • Factors that should be taken into consideration during decision making that do not influence financial data directly.

Date and location

  • 27-28 April 2021, Online Live
  • 23-24 June 2021, Warsaw
Price 2100.00 PLN (+ 23% VAT)
E-mail the Course Co-ordinator

Contact

Natalia Medyńska | tel. +48 789 407 645