Management Accounting Training Course

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Course Description

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.

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Our Management Accounts Training will help you to do the following:

Be confident in preparing accounts
Commenting on the financial statements
Budgeting, forcasing and varience analysis
Risk management and risk aversion techniques
Performance measurement and growth planning
Forecasting and business planning

Compuing and processing accruals and pre payments
Adhering to accounting policies
Reviewing balance sheet reconciliations
Recommending improvements to financial and accounting systems
Evaluate the company’s performance using financial data
Managing the performance of the assistant accountant

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 | Average Salary £32k to £35k

Who is it for

The course is suited for aspiring bookkeepers and anyone who wants to start a career in accounting.

New entrants into accounting sector
Learners persuing accounting qualification
Candidates with overseas experience.

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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 ...

WE ARE MORE THAN JUST A SOFTWARE TRAINING COMPANY - WE ARE YOUR CAREER MENTORS

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Course Contents

Management Accounting Training Course :

You have option of learning any of the following Accounting Software's:

Sage 2017 v24
XERO
Quickbooks

Forbes
IRIS
Freshbooks

Capium
VT Software
Free Agent

(YOU CAN CHOOSE MORE THAN ONE SOFTWARE)

Industries Covered

The training is provided with the relevant industries listed below:

Construction
Wholesale
Retail

IT
Solicitor
Medical Surgeries

Dental Clinics
Online Business
Architect & More

*Using sage as an example, the course structure is as follows:

(The course structure is same for all the other softwares)

Accounts Assistant Training Course Tools :

Management Accounting: Introduction and Tools.
Fundamental concepts and knowledge building around the subject.
Income statement types (Absorption and variable costing).
Understanding and processing Cost-Volume-Profit analysis.
Processing and calculating the Pricing tools and making decisions based on results (Target costing).
Understating various Budgeting techniques (Operational and Financial).
Job and Process Costing.
ABC and Sections.

Training Methodology:

Trainees who are seeking roles as management accountants need an understanding of following

Cost Analysis
Budget & Forecasting
Departmental Analysis

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.

Aims of the training :

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.

To grasp the main techniques of management accounting for the decision making
To understand the effectiveness and range of management accounting tools
To understand the application of these instruments to any new scenarios
To process, calculate, analyse and evaluate the outcomes of these management accounting models, there causes and effects on the decision making.

Skills You Will Gain

Management Accounts :

Management Accounting Profit & Loss
Management Accounting Balance Sheet

Costing Schedules
Cash Flow Projections

Management Accounting Report Pack
KPI Summary Reports

Payroll :

Employee Records
Payments and Deduction
Basic Pension Schemes

Pay Elements & Company Reports
Statutory Payments
Generating Payslips

FPS, EPS , RTI Submissions
Setting up Starters & Leavers
P32 and HMRC Submissions

Bookkeeping :

Sales Day Book
Purchase Day Book
Credit Notes

Debtor /Creditor Reconciliation
Petty Cash Reconciliation
VAT Calculation

Bank Reconciliation
VAT Adjustment
VAT Submission

Duration

Total Hours

106

Months

4

(7 Hours per week approx)

Sessions

14

Career Path

Bookkeeper
Financial Controller
Junior Accountant
Asst. Management Accountant
Accountant

Sr Bookkeeper
Credit Controller
Finance Manager
Accounting Clerk
Accounts Manager

Budget Analyst
Payroll Administrator
Payroll Clerk
Assistant Controller
Management Assistant

Work Placement Structure

After finishing your certification, you will be given a chance of guaranteed work placement at one of our offices or at our external client’s offices. The duration depends upon the training course you have opted with us.

Benefits

Blended learning approach with revision based clients accessible from home to give you maximum support in learning.
Flexible one to one training sessions built around your availability, with option to choose days, timing and sessions.
Recruitment company helping you with job hunting after training.
Certification form certified Accounting firm.
Specialised one to one coaching sessions for CV, Interview preparation and Job hunting tips.
Installation of software in your laptops for practice from home.
Covering experience requirement for all major accounting bodies.