Management Accounting Course

Course Methods:  Experiential workshop (action learning course)
Course Venue:     Las Vegas, Nevada, USA
Course Duration:  4 days
Course Times:       9 AM - 3 PM

Course Audience 

• CFO's Team: Finance Managers, Treasurers, Investors Relations Managers, and Accounting Managers

• Non-Finance Managers with P&L responsibility: Entrepreneurs, General Managers, Business Unit Managers, Operations Managers, Project Managers, and Management Accounting Consultants.

Course Objectives 

• Provides an understanding of the management accounting framework - The planning, control and audit of accounting reports

• Offers experiential analysis to understand the challenges of CFOs and Accounting Managers in managing financial information

• Covers financial and business accounting information used for planning, analysis, and control

• Focuses on best practices, tools, models to facilitate managerial decision-making

• Provides insights on how to develop strategies, initiatives and programs to introduce and manage financial controls

• This course focuses on accounting for management decision-making and control. The course does not prepare the participants to pass tax or CPA exams

Training Focus:

Develop the core management accounting skills and competencies

Key Concepts

• Top CFO questions. CFO Challenges. Managerial decision-making using accounting reports and financial statements including: Balance Sheet, Income Statement, Cash Flow Statement

• Capital and Operational Budgeting Techniques

• Key accounting concepts and formulas: Accounting Costs. Expenses. Revenues. Profits and Loss. Break-Even Analysis (BEA). Assets and Liabilities. Stocks. Shares. Bonds. Earnings. Dividends. Shareholder's Equity. Cash Flow. Debt. Debt Collection Period. Earnings Per Share EPS. EBITDA.

• Financial Analysis: Business Performance Ratio Analysis.

• Generally Accepted Accounting Principles (GAAP) framework. International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS)

• Analysis of Annual Reports of Public Companies.

• Accounting Audit. Sarbanes-Oxley (SOX) and Internal Controls

Course Outline / Customization Subjects 

• Accounting principles, processes and procedures. 

• The functions and practices of accountants, including the maintenance of bank accounts, developing financial statements, cash flow and financial performance analysis

• Accounting systems, types of costs, and cost allocation, budgeting, performance measurement and reporting

• Development of internal accounting data, and use of this information to assist internal decision making

• Revenue recognition and cost allocation

• Assets and liabilities, shareholders' equity issues

• The interpretation of information contained in accounts prepared by public companies

• Understanding the sources of information contained in accounting statements.

• An overview of modern capital and operational budgeting techniques

• Auditing and Control: Managing the accuracy and timeliness of financial reporting. Nature of internal and operational auditing.

• Accounting regulations with special focus on Sarbanes Oxley Act (SOX) compliance

Courseware Content

IIM's management accounting training courseware includes:

1. Participant's coursework and assessment project guide

2. Executive summary of the subject matter (in power-point lecture notes format):

   • Summary of essential concepts and accounting best practices

   • Examples and case studies

3. Accounting toolkit (management frameworks, decision models, checklists, etc.)

4. Experiential work-based assessment project

5. Online resources for the completion of the experiential assessment project

Performance Evaluation (Optional):

• Performance will be evaluated on the basis of individual or team project deliverables

• Candidates can complete customized experiential / work-based projects such as developing a relevant analysis document, management strategy, action plan or a senior management presentation

• IIM course advisor will review the deliverables and provide improvement feedback

• There are no traditional quizzes or theoretical exams.

Course Registration:

• Management Accounting Training Course
  • Accelerated workshop (classroom option)
  • Course venue: Las Vegas, Nevada, USA
  • Requires registration, application review and seat reservation.