Learn how to apply management accounting to make smart decisions and drive value creation in this free online course. This course provides useful management accounting skills that facilitate organisational performance management and enable the preservation and creation of value. These management accounting theories are applied by accountants in financial and performance management operations to guide smart business decisions and drive growth. We define management accounting terms and discuss budgeting, activity-based costing, throughput accounting and more.
| Course Category | Accountancy, Business |
| Course Type | Online Learning |
| Course Qualification | CPD Certificate |
| Course Duration | 1.5-3 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | What You Will Learn In This Free Course • Describe the purpose of budgeting and the advantages of using different approaches to budgeting • Define ‘incremental budgeting’, ‘rolling budgets’, ‘zero-based budgets’ and ‘budgetary control’ • Discuss budgetary control and the use of budgets in performance management • Define ‘management accounting’, ‘cost accounting’ and ‘budgeting’ • Identify the purpose of management accounting, activity-based costing and throughput accounting • Explain activity-based costing, activity-based management and activity-based budgeting • Identify throughput accounting costs, marginal accounting costs, direct costs and relevant costs • Outline alternative approaches to budgeting in the multinational environment • Compute throughput accounting ratios and total factory cost (TFC) |
| Course Code | 5932 |
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