This managerial accounting training course discusses the financial impact of business decisions and the financial benefits of the chose business practices, be it new business practices or existing ones. Participants will gain knowledge regarding accounting and other relevant/ productive information which can be used to assess and improve present and future business performances by making more informed decisions.
In layman’s terms, capital budgeting is when a business has to analyze, plan and rank the potential and upcoming costs the business will face in the future. The capital budgeting process is usually only conducted for large expenses such as the purchase of new equipment, rebuilding, constructions etc. This training course explores how capital budgeting can be used as a tool to maximize a company’s future profits.
How are operating budgets created?
An operating budget is what a company creates when combining known expenses, expected future costs and future income over the course of a year. In simple terms, it is an estimated account of expenses and revenue. This course teaches trainees the steps to creating an operating budget, including formulating a valid operating budget based on the organizations historical performance as well as developing an alternative game plan to various situations and how an operating budget can assist in decision-making
- Graduate Students
- Mid-Level Managers / Senior Managers
- What is managerial accounting?
- How is job costing used to track production costs?
- How does an organization use activity-based costing to allocate overhead costs?
- How is process costing used to track production costs?
- How do organizations identify cost behavior patterns?
- How is cost-volume-profit analysis used for decision making?
- How are relevant revenues and costs used to make decisions?
- How is capital budgeting used to make decisions?
- How are operating budgets created?
- How do managers evaluate performance using cost variance analysis?
- How do managers evaluate performance in decentralized organizations?
- How is the statement of cash flows prepared and used?
- How do managers use financial and nonfinancial performance measures?
For Programme Enrollment & Registration Please Contact:
Dr. Edward Roy Krishnan
* You can also reach us real-time using our Live Support Or Contact Us on the website. Our representatives are available from 9AM to 6PM, Thailand time.
$1,999 per Participant
Upon successful completion of our short-term 2-Day, 3-Day, 5-Day, 10-Day or 15-Day programmes, with at least 80% attendance at the scheduled training sessions, participants would earn the Bangkok School of Management certification. In addition, participant who successfully obtains BSM certification would also qualify for a UK accredited certification, conditional upon
- submission of a 1,500 word essay concretely describing how he/she would utilize what he/she had learned from the training in his/her own job role, at his/her respective organization/company
- pay the assessment and certification fee of $250 USD. The award would be conferred by the College of Birmingham (COB) / School of Business (SOB). The certification will be verifiable online through the official COB, UK website. Please contact your training coordinator for more information.
UK accreditation and certification could be earned for this training, subject to submitting a 1,500-word essay concretely describing how you would utilize what you learned from the training in your current job role, in addition to paying an assessment and certification fee of 250 USD. The award would be conferred by the College of Birmingham (COB) / School of Business (SOB). The certification will be verifiable online through the official COB website. Please contact your training coordinator for more information.