Management Accounting Workshops
KNOWLEDGE REQUIRED & TARGET LEARNERS
These workshops are targeted at SAIPA Trainees who have at least 12 months working experience in an accounting practice. The learners should have also completed Financial Accounting 1 and also, preferably, Financial Accounting 2 and Management Accounting 1.
DELIVERY & CONTENT
Management Accounting consists of two separate workshops. Workshop 1 is two days and Workshop 2 is one day.
Workshop 1 (2 days) - Management Accounting Techniques 1
Prepare management accounting reports:
1. Manufacturing accounts & production cost statements.
2. Income statements.
3. Balance sheets.
4. Cash flow statements.
5. Consolidation & presentation of management reports.
Analyse and interpret results, and recommend corrective action:
6. Calculate key profitability, liquidity, efficiency & gearing ratios.
7. Evaluate these financial ratios.
8. Interpret variances & trends.
9. Report to management – conclusions, forecasts & recommendations.
Prepare budgets and forecasts:
10. Strategic long term planning.
11. Capex needs analysis.
12. Capital expenditure.
13. Fixed vs. flexible budgeting.
14. Historical vs. zero based budgeting
15. Scenario planning.
16. Forecasting future results.
17. Financial advice taking economic events into account.
Use some costing methods & techniques to calculate & analyse costs:
18. Absorption costing.
19. Marginal costing & breakeven analysis.
20. Inventory valuation.
Workshop 2 (1 day) - Management Accounting Techniques 2
IMPORTANT: All learners will be expected to read and complete all the assigned pre-course material before attending any workshop as these will also form part of a learner’s Portfolio of Evidence.
REMINDER: Delegates may apply their new learning to an optional post-course application project and submit this for assessment. This project must include all:
These workshops are targeted at SAIPA Trainees who have at least 12 months working experience in an accounting practice. The learners should have also completed Financial Accounting 1 and also, preferably, Financial Accounting 2 and Management Accounting 1.
DELIVERY & CONTENT
Management Accounting consists of two separate workshops. Workshop 1 is two days and Workshop 2 is one day.
Workshop 1 (2 days) - Management Accounting Techniques 1
- Debriefing & feedback on the pre-course reading and assignment.
- This workshop is structured around our unique manufacturing business simulation and related practical case studies.
- Learners will participate in strategic & management planning, manufacturing operations and financial management during the ‘Rainbow Bottlers Simulation’.
Prepare management accounting reports:
1. Manufacturing accounts & production cost statements.
2. Income statements.
3. Balance sheets.
4. Cash flow statements.
5. Consolidation & presentation of management reports.
Analyse and interpret results, and recommend corrective action:
6. Calculate key profitability, liquidity, efficiency & gearing ratios.
7. Evaluate these financial ratios.
8. Interpret variances & trends.
9. Report to management – conclusions, forecasts & recommendations.
Prepare budgets and forecasts:
10. Strategic long term planning.
11. Capex needs analysis.
12. Capital expenditure.
13. Fixed vs. flexible budgeting.
14. Historical vs. zero based budgeting
15. Scenario planning.
16. Forecasting future results.
17. Financial advice taking economic events into account.
Use some costing methods & techniques to calculate & analyse costs:
18. Absorption costing.
19. Marginal costing & breakeven analysis.
20. Inventory valuation.
Workshop 2 (1 day) - Management Accounting Techniques 2
- Debriefing & feedback on the pre-course reading and assignment.
- Case studies on six additional costing and financial management techniques not covered in Workshop 1.
- Financing
- Discounted cash flow for capital investment & financing decisions
- Risk & viability
- Standard Costing
- Activity based costing
- Contract costing
IMPORTANT: All learners will be expected to read and complete all the assigned pre-course material before attending any workshop as these will also form part of a learner’s Portfolio of Evidence.
REMINDER: Delegates may apply their new learning to an optional post-course application project and submit this for assessment. This project must include all:
- 20 elective logbook components from Workshop 1, and
- Six elective logbook components from Workshop 2.
