Understanding and Using Management Account

Course Details

Finance is probably the most important function in any organization, an understanding of the fundamental figures and financial statements is key to successful management.

Understanding accounts shows you how to master the language of finance, enabling you to contribute more effectively to overall business performance and improve your leadership skills.

Skills Development

Participants of this workshop learn the rudiments of financial statement and gain skills that help them to expand their ability to use financial information to benefit their organization. After taking part in this workshop, they will be able to:

• expand their ability to use financial information;
• manage using financial information; and
• interpret financial statement and use financial data

Organisational Benefits

Managers and employees who participate in this workshop gain a better understanding of financial statement, how to interpret it and use it to manage business performance. Participants gain improved leadership and analytical skills which helps to improve work teams productivity.

Course Content

• Management accounts-The structure, P&l accounts, Balance sheets, Cash flow statements.
• Cost Accounting – How cost are allocated
• Using financial information-The various profit yardsticks, how to measure performance
• Planning and budgeting –The top down, Bottom up approach, Corporate objectives
• Investment and project appraisal

Target Audience:

Senior managers, executives entrepreneurs, who wants to obtain a good mastery of accounting.

Fee: Per participant which will cover course materials, bags, tea/lunch break will be made available on request

Duration: 5 days

Venue: Designed for both Open ( Lagos, Abuja, Calabar, Keffi ) & In Plant presentation