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This module focuses primarily on internal accounting processes and, in particular, the planning and control of organisational activities using budgets. You will see how performance can be formally summarised and expressed in financial terms, using a series of related budgets.
- Middle and Senior Managers
- Post Grad and/or Post experience Managers
Anybody wanting to develop skills and knowledge in a particular management field at postgraduate or post experience level.
Accounting and the purpose of business The objectives of business The creation of wealth The measurement of wealth Accounting conventions Accounting purpose and processes Concepts of value and measurement Planning the business through budgets Limiting factors and strategic analysis The budgeting process Principal budget factors The budget in physical terms Production cost budgets Budgets related to other functions Working capital and cash budgets Completing the master budget Managing the results Variance accounting Budgetary control and coping with change
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