Our Management Accounts Training will help you to do the following:
The course is designed to give you a thorough experience of Bookkeeping, Tax Returns and Payroll accounting principles and you will be coached by our CPD Certified accountancy professionals.
Management Accountants play an important role in the overall progression and performance of the company. They are required to comment and see beyond numbers, predict, foresee and prevent organizations from deviating from there prime goals.
Most Management accountants report to the financial managers by preparing reports and accounts. The management accountants are required to provide a detail report with commentary on figures that helps the managers with the financial information needed to make short-term decisions related to production, operation and investment.
Creating budgets is a huge part of this role – you’ll be responsible for tracking internal costs, as well as driving efficiency and value for money throughout the organization.
Making Tax Digital (MTD) is one of the government’s current desired plans to make it easier for individuals & businesses to get their taxes right by making it more effective, efficient and user-friendly for taxpayers to be putting accurate taxes. Many VAT-registered businesses with a taxable turnover above the VAT threshold of £85,000 are now required to use the Making Tax Digital service to keep records digitally and use software compatible with MTD to submit their VAT Returns. For this concept to be implemented, companies are keeping digital records and providing updates to HMRC to prevent these errors from occurring regularly. The government has also mentioned that businesses will be ...
*Using sage as an example, the course structure is as follows:
(The course structure is same for all the other softwares)
Trainees who are seeking roles as management accountants need an understanding of following
Management accounting training aims to provide learning development through practical skills training and real client scenarios, technical skills development through exercises solved by the student and explained and discussed in the classroom.
Our trainees come from different academic backgrounds and it is important to collate all the information into a detailed workshop session to bring all the trainees at one page. The payroll workshop includes an introduction to all the HMRC forms, technical aspects, important dates, tax codes and year-end adjustments. It also includes a reference to HMRC website for more up to date knowledge.
Purpose of Management Accounts Training
The training courses in management accounting enable the students to develop qualified skills and knowledge relating to account management in various companies. It teaches about procedure, systems, and policies related to decision-making and company management.
Management accounting facilitates the company owners and other managers to analyse the company performance and functioning. The gathered data allows you to define the budgets, expenses, and policies to enhance the company revenues and earnings. It helps the company to decide for new recruitments or cut off, staff training and retaining, offering bonus or reducing the pay, and improving the overall functioning of the organisation.
Skills in Management Accounting
The important skills involved in management accounting include:
Salary of management accountant
The average salary of a part-qualified management accountant can earn up to £27,000 – £40,000 in the United Kingdom. The fully qualified and experienced management accountant has a more prestigious job position in the company and earns up to £41,300 – £60,000.
Why choose our services