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Management Accounting for Non - Accountants

Program Overview

“Accounting for Non-Accountants” has been designed for all who occupy responsible positions in the business but do not have accounting background.

In general, the course seeks to enable participants with no accounting background to explain and apply the principles, basic tools, and techniques of the accounting process.

Specifically, at the end of the course, participants will be able to:

• Understand the profit concept

• Analyze a balance sheet

• Core concepts of management accounts

• Various types of ratios and their implications

• The costing process and Break even analysis

Program Objective

At this program's conclusion, participants should be able to:

1. Learning by doing

2. Empowering you for higher roles and responsibilities in Project Management

3. To imbibe in you the power and problem solving features of this tool and how to use them

4. Tricks and tips to keep you way ahead of others

5. Handling multiple and complicated projects

6. Making the project follow your schedule and not vice versa.

Course Outline

Management Accounting - a program for all those who impact the bottom line

Day1

Analysis of a balance sheet

• Understanding the balance sheet

Understanding profit & profitability

• Understanding Profits and Profit margins

• The making of a profit and loss statement

Day2

Ratio analysis

• Liquidity and efficiency ratios

• Profitability ratios

• Market ratios

Management accounts

• The need for management accounting

• Mini Project 1

Essentials of costing and breakeven analysis

• Types of costs

• Cost units examples

• Understanding breakeven point

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