Hong Kong Management Association

Certificate Course on Management Accounting - Budgeting and Planning

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Course Information

Schedules
  • 14 Oct 2022 (Fri)
Registration period
3 Aug 2022 (Wed) - 14 Oct 2022 (Fri)
Price
Course Level
Study Mode
Duration
30 Hour(s)
Language
Cantonese, English
Location
8 Hoi Wang Road Mongkok (West)
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Course Overview

Overview

This course aims to provide participants with an understanding on how to perform financial analysis and planning for making business decisions. It will focus on analytical skills and tools for financial statement analysis in assessing the companies’ financial position and performance. In addition, the course will focus on core knowledge of conceptual framework of financial management in an effective and logical manner; quantify benefits in the future under fundamental assumptions such as forecast cash flows in the appraisal of capital projects and justify decisions on investment so as to ensure that the investment and financing commitment secured over a relatively long period of time add value/wealth to the company.

OBJECTIVES

Upon completion of the course, participants are expected to:
- Develop better knowledge and skills in using management accounting approaches, concepts and skills to aid their managerial and daily business decisions
- Acquire the accounting knowledge and techniques conducive to the understanding and extraction of information from financial reports
- Apply the techniques and methods used for financial statement analyses in assessing the financial position of companies
- Acquired the concept and techniques of management accounting
- Improved their competence in the process of budgeting and planning
- Acquired a conceptual framework and comprehensive understanding of financial management and be able to analyze risks and tackle practical problems in financial decisions and project evaluation

What You’ll Learn

CONTENTS

1. INTRODUCTION TO MANAGEMENT ACCOUNTING
- Management Accounting
- Financial Accounting
- Cost Concepts

2. COST STRUCTURE & ANALYSIS
- Cost Behaviour
- Cost Analysis

3. QUANTITATIVE ANALYSIS ON PLANNING
- Breakeven Analysis
- Target Profit Analysis

4. OVERVIEW OF FINANCIAL STATEMENTS
- Income Statement
- Balance Sheet
- Cash Flow Statement
- Financial Statement Review

5. FINANCIAL STATEMENT ANALYSIS
- Ratio Analysis
- Trend Analysis

6. BUDGETING
- Budget Planning
- Budget System
- Development of Budgets

7. BUDGETARY CONTROL
- Performance Evaluation
- Flexible Budget

8. BUDGET VARIANCE
- Variance Analysis
- Interpretation of Variances

9. CAPITAL BUDGETING & PROJECT APPRAISAL
- Time Value of Money
- Cost of Capital
- Payback Analysis
- Internal Rate of Return Analysis
- Net Present Value Analysis

10. WORKING CAPITAL MANAGEMENT & FINANCING
- Working Capital Management
- Financing



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