- 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.
- Provides an understanding of the modern accounting framework
- 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
- Develop the core management accounting skills and competencies. The core competencies include accounting knowledge, planning, control, problem-solving and communication.
- Accounting Costs. Expenses. Revenues. Profits and Loss. Break-Even Analysis (BEA). Assets and Liabilities. The Balance Sheet. Stocks. Shares. Bonds. Earnings. Dividends. Shareholder’s Equity. Cash Flow. Debt. Debt Collection Period. Financial Analysis. Business Performance Ratio Analysis. Public Companies. Analysis of Annual Reports. Decision-making Using Managerial Accounting. Audit. Internal Controls. Earnings Per Share EPS. EBITDA. International Accounting Standards (IAS). GAAP. Sarbanes-Oxley (SOX).
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.
- New regulations with special focus on Sarbanes Oxley Act (SOX) compliance
ASMAC’s management accounting training courseware includes:
- Participant’s coursework and assessment project guide
- Executive summary of the subject matter (in power-point lecture notes format):
- Summary of essential concepts and accounting best practices
- Examples and case studies
- Accounting toolkit (management frameworks, decision models, checklists, etc.)
- Experiential work-based assessment project
- Online resources for the completion of the experiential assessment project
Performance Evaluation (Optional):
- Performance will be evaluated based on 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
- ASMI course advisor will review the deliverables and provide improvement feedback
- There are no traditional quizzes or theoretical exams.
- For accelerated team workshops, participants must have similar levels of experience. This is not required for public courses or individual self-paced distance-learning courses