Master managerial accounting to drive informed decision-making. Learn to analyze costs, assess profitability, and improve operational efficiency.

Training on Managerial Accounting

Course Overview

In today's competitive business environment, effective decision-making relies heavily on accurate financial information. This course on Managerial Accounting equips participants with essential skills to analyze financial data, support strategic planning, and improve organizational performance. Participants will learn how to interpret financial reports, use budgeting and forecasting techniques, and apply cost management strategies. The course combines theoretical knowledge with practical applications, enabling participants to make informed decisions that align with their organization’s goals.

Course Duration

5 Days

Who Should Attend

  • Accounting and finance professionals seeking to enhance their managerial accounting skills.
  • Managers and executives who need to make informed financial decisions.
  • Business owners and entrepreneurs who want to understand and apply managerial accounting in their operations.
  • Professionals from non-accounting backgrounds who require a solid understanding of managerial accounting to improve their decision-making capabilities.
Course Level: Foundation

Course Objectives

By the end of this course, participants will:

  • Enhance understanding of complex financial accounting topics
  • Develop skills in preparing and analyzing consolidated financial statements
  • Master accounting for foreign currency transactions and translations
  • Understand and apply accounting principles for hedging and derivative instruments
  • Gain insights into the latest accounting standards and regulations
  • Improve ability to handle complex financial reporting and disclosure requirements

Course Outline:

Module 1: Introduction to Managerial Accounting

  • Overview of Managerial Accounting
  • Role and Importance of Managerial Accounting in Business
  • Key Differences between Financial and Managerial Accounting
  • Ethical Considerations in Managerial Accounting

Module 2: Cost Concepts and Costing Methods

  • Types of Costs: Fixed, Variable, and Mixed Costs
  • Job Order Costing
  • Process Costing
  • Activity-Based Costing
  • Cost-Volume-Profit Analysis

Module 3: Budgeting and Forecasting

  • Importance of Budgeting in Managerial Accounting
  • Types of Budgets: Operating, Capital, and Cash Budgets
  • Preparing and Managing Budgets
  • Variance Analysis and Interpretation
  • Forecasting Techniques

Module 4: Financial Statement Analysis for Managers

  • Understanding Financial Statements
  • Ratio Analysis and Interpretation
  • Cash Flow Analysis
  • Using Financial Statements for Strategic Decision-Making

Module 5: Performance Measurement and Control Systems

  • Key Performance Indicators (KPIs)
  • Balanced Scorecard
  • Responsibility Accounting
  • Transfer Pricing
  • Implementing Effective Control Systems
Customized Training

This training can be tailored to your institution needs and delivered at a location of your choice upon request.

Requirements

Participants need to be proficient in English.

Training Fee

The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.

Certification

A certificate from Ideal Workplace Solutions is awarded upon successful completion.

Accommodation

Accommodation can be arranged upon request. Contact via email for reservations.

Payment

Payment should be made before the training starts, with proof of payment sent to [email protected].
For further inquiries, please contact us on details below:

Email: [email protected]
Mobile: +254759708394

Register for the Course

Classroom Training Schedules


April 2025
Date Duration Venue Fee Enroll
7 Apr - 11 Apr 2025 5 days Nairobi, Kenya KES 80,000 | USD 1,000 Register
14 Apr - 18 Apr 2025 5 days Mombasa, Kenya KES 80,000 | USD 1,000 Register
21 Apr - 25 Apr 2025 5 days Nakuru, Kenya KES 80,000 | USD 1,000 Register
28 Apr - 2 May 2025 5 days Kisumu, Kenya KES 80,000 | USD 1,000 Register
May 2025
Date Duration Venue Fee Enroll
5 May - 9 May 2025 5 days Nairobi, Kenya KES 80,000 | USD 1,000 Register
12 May - 16 May 2025 5 days Mombasa, Kenya KES 80,000 | USD 1,000 Register
19 May - 23 May 2025 5 days Nakuru, Kenya KES 80,000 | USD 1,000 Register
26 May - 30 May 2025 5 days Kisumu, Kenya KES 80,000 | USD 1,000 Register

Online Training Schedules


March 2025
Date Duration Session Fee Enroll
17 Mar - 21 Mar 2025 5 days Full-day KES 55,000 | USD 550 Register
April 2025
Date Duration Session Fee Enroll
14 Apr - 18 Apr 2025 5 days Full-day KES 55,000 | USD 550 Register
For customized training dates or further enquiries, kindly contact us on +254759708394 or email us at [email protected].

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