Account for Smart Decisions: Effective Accounting and Communication Mastery
Introduction
In today’s competitive business environment, accounting is more than just numbers—it is the **language of business**. This course provides participants with a comprehensive understanding of how accounting information is **collected, recorded, analysed, and communicated** for effective management, control, and decision-making.
Delegates will explore both **financial and management accounting systems**, learning how these systems drive business performance and enhance decision-making at all levels. With an *MBA-level experience* in content, instruction, discussions, and exercises, participants will master accounting concepts and transform them into actionable insights.
This course will feature:
* The finance function, and financial & management accounting systems
* The income statement, balance sheet, and cash flow statement
* Determining product or service costs with accuracy
* Accounting techniques for strategic decision making
* Using budgets to plan, communicate, and control the business
Objectives
By the end of this course, participants will be able to:
* Understand the core role of the finance function in business success
* Interpret and prepare financial statements with confidence
* Apply management accounting techniques to make effective decisions
* Use budgets as a communication and control tool across the business
* Measure business and departmental performance with financial and non-financial indicators
Who Should Attend?
* Operational managers with budget or performance responsibilities
* Senior staff from any function requiring stronger financial acumen
* Consultants advising on business systems and performance
* Division heads and department managers seeking improved decision-making skills
* Professionals aspiring to strengthen financial communication and leadership
Course Content
Day One – Introduction to Accounting
* Importance of accounting information in decision-making
* Role of the Finance Function in organizational success
* The accounting equation & financial systems overview
* Preparing Income Statements & Balance Sheets
* Understanding accounting principles and standards
Day Two – Accounting Reports
* Income Statement: format and analysis
* Balance Sheet: components and structure
* Depreciation, impairment, and their effect on profit
* Valuing inventory accurately
* Preparing and interpreting the Cash Flow Statement
* Cash flow as a lifeline of business operations
Day Three – Management Accounting for Control & Decisions
* Collecting, classifying, and analysing costs
* Direct vs. indirect costs: structure and impact
* Overhead allocation: absorption vs. ABC
* Cost-Volume-Profit (CVP) and break-even analysis
* Decision making: make-or-buy analysis
* Decision making under limiting factors
Day Four – Communicating the Plan through Budgeting
* Linking corporate objectives with budgets
* Budgeting process and realistic timelines
* Sales forecasting techniques
* Cascading budgets across divisions and functions
* Preparing functional and cash budgets
* Principles, methodologies, and applications of budgeting
Day Five – Measuring Performance for Smart Decisions
* Monthly management reporting essentials
* Variance analysis and responsibility assignment
* Operating vs. planning variances
* Measuring ROI, RI, and EVA for performance centres
* Non-financial KPIs and the Balanced Scorecard approach
Enquiries and Registration
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
