Management accounting courses. "Management accounting and management decision making" with a UCPM diploma

Topic 1. Purpose management accounting and its organization in the company

1.1. The concept and objectives of management accounting. Organizational structure management accounting and its place in the accounting service.

1.2. The concept and types of responsibility centers: preparation of the financial structure of the enterprise. The main internal regulations of the company.

Topic 2. Costs and their role for making management decisions

2.1. Cost classification:

• by role in production;
• according to production volumes;
• relevant costs, etc.

Topic 3. Methods of estimation and cost accounting

3.1. Absorbed cost method and marginal cost accounting method.

• Overhead distribution coefficients. Margin profit... The difference between the absorbed cost method and the marginal method. The marginal approach is the basis for management decisions.
• CVP analysis: the relationship between profit, sales and costs; break-even point and optimization of production volumes.

3.2. Application normative method accounting:

• standards for direct production costs;
• production overhead rates;
• accounting for deviations of actual costs from standards;
• analysis of deviations for the purposes of making management decisions;
• preparation of an operational report (reconciliation of normative and actual profit).

3.3. Accounting for production costs and calculating the cost of production:

• custom-made method of costing; order-by-order method in the service sector; accounting for projects;
• process-based calculation method;
• accounting for life cycle product;
• cost accounting for modern system production (activity that creates added value, quality costs).

3.4. Allocation of costs:

• overhead allocation methods: traditional allocation methods and ABC (function allocation);

Topic 4. Pricing in the management accounting system

4.1. Costs as a basis for pricing:

• calculation of prices based on full costs;
• lower price limit and relevant costs.

4.2. Transfer pricing:

• the concept and purpose of transfer prices;
• centralization and decentralization in the management of company divisions;
• methods for calculating transfer prices.

Topic 5. Planning of the company

5.1. Planning basis:

• plans and forecasts;
• basics strategic planning; balanced system of key indicators;
• making management decisions in the planning process (planning optimal procurement volumes, changing the range of products, terminating activities, expanding activities, etc.);
• operational planning, adjustment of plans.

5.2. Planning methods

• incremental planning;
• planning from scratch;
• fixed and flexible budgets.

5.3. Comparison of planned and actual indicators:

• management accounting reporting (financial and non-financial reports);
• management accounting data and financial statements in accordance with IFRS. A practical guide on the submission of management comments.

5.4. Investment planning:

• the concept of a capital investment plan. Its main indicators;
• methods for evaluating the effectiveness of capital investments:
  • payback period of capital investments;
  • method of the net present value of the investment (calculation of net cash flows, choice of discount rate);

5.5. A cross-cutting example on the preparation of planning documents for a conditional enterprise.

Topic 6. Basics financial analysis company performance

• detailing indicators financial statements taking into account the tasks of management accounting;
• horizontal and vertical analysis of financial statements;
• calculation of the main financial ratios based on the reporting of a notional enterprise and identification of problems and strengths of the company based on the totality of the indicators obtained.

Numerical examples are provided for each section of the program

This course combines all the best for professional development: a student's personal account, free schedule, study materials of different formats and the ability to independently regulate the duration of your studies.

Skills testing

Before and after training, you will be tested in the Finassessment service.

This will allow:

• see what knowledge and at what level you already possess
• look at your progress in learning
• get a certificate confirming your professional skills

Webinars with experts

Educational materials

The course includes specially designed webinars, electronic handouts, lecture notes, tests, tutorials.

Tests and practical tasks created to control the assimilation of the material. Electronic handouts are available for download and printouts (they will remain with you even after the access to the course is closed).

Homework

Intermediate testing

Personal consultations with experts

If during the course of studying the course you have questions on the topic, then you can always ask the teacher for clarification. You can consult with him through the chat in the system distance learning the entire period of study. You can also get additional advanced consultation via video communication in the format of a webinar (this service can be ordered and paid for separately).

Mock exam

Official exam

The official exam for the IPFM diploma is held monthly, according to the schedule, online. Pre-registration is required to participate. The list of documents and the registration form for the exam are also in the distance learning system.

The exam consists of a test and a practice part. The exam lasts 3 hours.

Passing mark: 60.

The exam for the IPFM international diploma is taken by administrators using a proctoring system (observing the student and his computer screen). Completed exam assignments are reviewed and assessed by IPFM accredited teachers.

The results of the examinations are communicated to candidates 2 weeks after passing the exam by e-mail. The IPFM international diploma is sent to the same mail within 2 months from the date of the results announcement. in electronic formatif the candidate scored 60 or more points.

Program

These 90 hours are the average time to complete the course. Within the allotted access period, you must have time to use everything that is included in the program: tests for Finassessment, study materials, control tests, tasks, notes, personal consultations with a tutor and intensive preparation for the exam.

1moduleThe nature of management accounting. Cost classification for decision making

7 hours of theory, 2 hours of practice (7 webinars, 3 tasks, 2 tests)

1. The nature of management accounting

Theory:

• Definition of management accounting
• Fundamental differences between management and financial accounting
• What does management accounting include?
• The essence of management accounting
• Management accounting objectives
• Key users of management accounting
• Persons responsible for the formation of the management accounting system in the organization
• Management accounting tasks
• The main components of the management accounting system in the organization
• The main processes that ensure the formation and functioning of the management accounting system
• Factors affecting the organization of the management accounting system in organizations

Theory:

1. Cost classification for decision making

• Determination of costs. How to classify costs.
• Costs: fixed, variable, average, marginal.
• Other types of costs.
• Models and methods for calculating the cost of production.

Practice:

• 3 tasks
• 2 tests.

2moduleCost management concept. Cost behavior. Cost-Volume-Profit Analysis. Breakeven point.

7 hours of theory, 5 hours of practice (13 webinars, 4 tasks, 1 test)

1. Cost management concept. Cost behavior

Theory:

• Separation of costs into fixed and variable costs.
• Calculation of cost.

Theory:

• The essence of CVP analysis. Break-even analysis
• Firms with high standing and variable costs

Practice:

• 4 tasks
• 1 test.

3moduleManagement format of the profit and loss statement. Analysis of the structure of sales and profitability of certain types of products

8 hours of theory, 5 hours of practice (7 webinars, 3 tasks, 1 test)

1. Management analysis: Methods for Maximizing Profit Management Format of the Profit and Loss Statement

Theory:

• Profit and loss statement for making management decisions. Possible options for constructing a control room
• Algorithm for compiling income statement for management accounting purposes

Theory:

• Sales analysis. ABC sales analysis
• XYZ sales analysis
• Analysis of profitability of sales
• Factor analysis of profitability of sales

Practice:

• 3 tasks
• 1 test.

4modulePricing

5 hours of theory, 5 hours of practice (4 webinars, 4 tasks, 1 test)

Theory:

• Setting pricing objectives.
• Types of costs
• Pricing method Cost-based pricing methods
• Market-based pricing methods
• Conclusions on the analysis of pricing methods
• Price elasticity of demand
• Parametric pricing methods

Practice:

• 4 tasks
• 1 test.

5moduleBudgeting; types of budgets; general budget. Responsibility centers.

6 hours of theory, 4 hours of practice (7 webinars, 2 tasks, 1 test)

1. Budgeting, types of budgets, general budget.

Theory:

• Budget and types of budgets.
• What is budgeting
• Factor analysis of cost by cost item

Theory:

• The essence of the CFD, their role, advantages and disadvantages.
• Financial responsibility centers and their main indicators
• Cost Center Accounting

Practice:

• 2 tasks
• 1 test

6moduleFinancial control: financial performance indicators. Financial control tools: flexible budget and transfer pricing

6 hours of theory, 4 hours of practice (7 webinars, 3 tasks, 1 test)

1. Financial control: financial indicators activities.

Theory:

• Financial ratios system.
• Operational Analysis Indicators
• Operating cost indicators
• Asset Management Performance Indicators
• Liquidity indicators
• Indicators of profitability (profitability)
• Capital structure indicators
• Debt service metrics
• Market indicators

1. Financial control tools: flexible budget and transfer pricing

Theory:

• Flexible budgets and control.
• Transfer pricing
• Essence, necessity and goals of transfer pricing
• Factors Affecting Transfer Pricing
• Market-based transfer pricing mechanism
• Market based pricing
• Pricing Types Based on Full Cost and Margin Cost
• Other types of transfer pricing

Practice: 3 tasks and 1 test.

7moduleSegment reporting. Management control: non-financial performance indicators.

6 hours of theory, 4 hours of practice (3 webinars, 2 tasks, 1 test)

1. Segment reporting.

Theory:

• The role of segment reporting on a real example.
• The procedure for the formation of segment management reporting

Theory:

• Internal non-financial indicators.
• External non-financial indicators.
• Relationship between financial and non-financial indicators

Practice:

• 2 tasks
• 1 test.
• 1 assignment from the teacher.

8moduleDevelopment of the management control system: a balanced system of performance indicators.

3 hours of theory, 6 hours of practice (1 webinar, 6 tasks, 2 tests)

Theory:

• The goals of developing a Balanced Scorecard (BSC).
• Balanced Scorecard Content
• Typical Balanced Scorecard Development Project
• Using financial analysis in the framework of a balanced scorecard

Practice:

• 6 tasks
• 2 tests.

9moduleFinal control work. Mock exam.

• Module 9 is an analogue of the future online exam:
• consists of a test (20 questions of 2 points each, maximum score - 40 points, is checked and graded automatically)
• and tasks (4 tasks, maximum total score - 60, checked by the proctor).
• As in the exam, you need to score in total (for the test and the task) 60 points out of 100 possible

Leave your email and we will send you a detailed training program so that you get a complete picture of what awaits you on the course!

Teachers

Each teacher of our courses is an expert practitioner in his field. Their knowledge and experience is in demand among renowned and respected clients and employers. Their qualifications are confirmed by many certificates, certificates, diplomas, as well as successful cases.

Natalia Trofimova

tutor of the Financial Academy "Aktiv". Budgeting and Management Accounting Consultant. Diplomas: CIMA Dip PM (Rus).

• 

  Renata Korshikova

  tutor-methodologist of the Financial Academy "Aktiv". Ph.D. in Economics. Expert on financial management and strategic management at the IFA level. IPFM accredited trainer for the International Financial Reporting Standards program. BEA accredited teacher. Teacher of programs on P (S) BU of Ukraine and IFRS level DipIFR-rus.

  Specialization

  • accounting policy
  • accounting and reporting on international standards financial statements and accounting
  • management Accounting
  • conducting master classes and webinars on accounting, tax accounting, Foreign economic activity, development of programs, teaching materials and presentations.

• Julia Voistinykh

  tutor of the Financial Academy "Aktiv". Head of Corporate Reporting Department at Pronto Media Holding. Lecturer with work experience at Lomonosov Moscow State University, Moscow Business School, Association of Additional Professional Education, International Finance Academy.

  Specialization

  • preparation of reports in accordance with IFRS
  • management of audits on general and tax audits of enterprises in various industries (production, construction, foreign economic activity, trade, services)
  • checking the work of the audit team members
  • writing reports on the results of inspections, developing recommendations for eliminating detected violations
  • preparation of audit reports
  • development, implementation, updating of systems of in-house standards and methodologies for general audit, tax audit, due diligence
  • development of a methodological framework for special audit engagements
  • development and delivery of lectures and seminars for company employees and for third parties audit companies on external and internal audit, accounting and tax accounting

They trust us

Payment for training

You can pay for tuition using bank card in any electronic currency, mobile commerce services (MTS, Megafon, Beeline), through Internet banking of the leading banks of the Russian Federation, through ATMs, instant payment terminals, as well as using the iPhone application using the ROBOKASSA service link, which you will receive from your personal consultant.
You can also pay the bill at any branch of the Russian bank.
Tuition can be paid in installments. The managers of the academy will tell you all the conditions.

Good to know the answers to questions

How do I know if this course is right for me?

It's simple. Register and take the first lesson of the course for free to find out how everything works and whether this training format suits you. If you like everything, sign a contract for training, pay for it and keep learning. If not, ask our managers for advice, they will help you find the best program advanced training.

How do I prove that I am your student? Do you give any documents about your services?

Before starting training, we conclude appropriate agreements with all our students.
At the end of the training, we issue acts of completion (for legal entities), and for individuals - the corresponding diplomas and certificates.

Is it possible to get a personal income tax refund after your courses?

Each of our students has the right to a tuition income tax refund, in accordance with the legislation of the Russian Federation, after receiving educational services... Complete training on any course of the Financial Academy "Active" and return 13% of its cost. If you pay for tuition in any of our online courses yourself, as an individual, you can reduce personal income tax calculations for yourself (in accordance with clause 2 of article 219 of the Tax Code of the Russian Federation). The cost of your chosen course will be deducted from total amount your taxable income. To do this, you must submit a package of documents to the tax. For details of the return of personal income tax, check with the managers.

What is a Distance Learning System?

Distance learning system (LMS) is an educational environment where all training materials for courses are stored, webinars and consultations with lecturers, tests and exams for diplomas are held. All students who registered for a trial lesson (limited access) or paid for the course (full access) have access to the LMS.

What is a student's personal account?

Personal Area student - the student's personal territory, which is available only to him and the portal administrators. The cabinet contains educational materials (webinars, electronic handouts, lecture notes, tests, problem books, study guides) and chat for consultation with the teacher.

Can I download course materials?

Students of the courses can download and print workbooks and handouts for webinars, as well as abstracts and problem books that are sent by portal administrators by mail for study. They remain available even after the access to the course is closed. Webinars are the intellectual property of the Aktiv Financial Academy and are not available for downloading and storing records by students outside the distance learning system. Upon completion of the course, access to all teaching materials, except for the first module of the course, is closed.

What if I missed an online lesson?

Is it possible to pause training?

Our listeners are practicing specialists, they also have rush jobs, unplanned business trips and other unforeseen situations.
Therefore, training on any of our courses, which includes online interaction between students and the teacher, can be suspended for 10-20-30 days (maximum period). To do this, you need to indicate the reason and the period for the suspension of training for portal administrators.

What should I do if access to the course expires or ends, and I have already spent all the days of suspension?

If access to the course comes to an end, and there are no more days of suspension, then you can renew access to the course at any time. The service of extending access to the course is paid. To order it, you need to contact the administrators of the distance learning system or your personal manager.

If I fail the IPFM exam, what should I do?

By relentless statistics, 80% of our students pass the IPFM exams the first time around. They are assisted in this by the IPFM mock exam at the end of the course and by the consultations of the instructors. If you still manage not to pass the official exam, repeated attempts are unlimited. To retake the exam, you will need to register for it and pay the fee.

1. I (the Client), I hereby express my consent to the processing of my personal data received from me in the course of sending an application for information and consulting services / admission to training in educational programs.

2. I confirm that the mobile phone number I have provided is my personal phone number assigned to me by the operator cellular communication, and is ready to bear responsibility for the negative consequences caused by indicating by me the mobile phone number belonging to another person.

The Group of Companies includes:
1. OOO MBSh, legal address: 119334, Moscow, Leninsky prospect, 38 A.
2. ANO DPO "MOSCOW BUSINESS SCHOOL", legal address: 119334, Moscow, Leninsky Prospect, 38 A.

3. Within the framework of this agreement, "personal data" means:
Personal data that the Client provides about himself consciously and independently when filling out an Application for training / receiving information and consulting services on the pages of the Site of the Group of Companies
(namely: last name, first name, patronymic (if any), year of birth, level of education of the Client, the chosen training program, city of residence, mobile phone number, address email).

4. Client - an individual (a person who is a legal representative natural personunder the age of 18, in accordance with the legislation of the Russian Federation), who filled out an Application for training / information and consulting services on the Site of the Group of Companies, thus expressing his intention to use the educational / information and consulting services of the Group of Companies.

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9. I have been informed that at any time I can refuse to receive information by e-mail by sending an e-mail to the address:. It is also possible to refuse to receive information by e-mail at any time by clicking on the "Unsubscribe" link at the bottom of the letter.

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14. This agreement governing the relationship between the Client and the Group of Companies is valid throughout the entire period of provision of the Services and the Client's access to the personalized services of the Site of the Group of Companies.

LLC MBSH legal address: 119334, Moscow, Leninsky prospect, 38 A.
MBSH Consulting LLC legal address: 119331, Moscow, Vernadsky prospect, 29, office 520.
CHUDPO "MOSCOW BUSINESS SCHOOL - SEMINARS", legal address: 119334, Moscow, Leninsky Prospect, 38 A.

Topic 1. The purpose of management accounting and its organization in the company

1.1. The concept and objectives of management accounting. Organizational structure of management accounting and its place in the accounting service.

1.2. The concept and types of responsibility centers: preparation of the financial structure of the enterprise. The main internal regulations of the company.

Topic 2. Costs and their role for making management decisions

2.1. Cost classification:

• by role in production;
• according to production volumes;
• relevant costs, etc.

Topic 3. Methods of estimation and cost accounting

3.1. Absorbed cost method and marginal cost accounting method.

• Overhead distribution coefficients. Margin profit. The difference between the absorbed cost method and the marginal method. The marginal approach is the basis for management decisions.
• CVP analysis: the relationship between profit, sales and costs; break-even point and optimization of production volumes.

3.2. Application of the regulatory accounting method:

• standards for direct production costs;
• production overhead rates;
• accounting for deviations of actual costs from standards;
• analysis of deviations for the purposes of making management decisions;
• preparation of an operational report (reconciliation of normative and actual profit).

3.3. Accounting for production costs and calculating the cost of production:

• custom-made method of costing; order-by-order method in the service sector; accounting for projects;
• process-based calculation method;
• product life cycle accounting;
• cost accounting under a modern production system (activities that create added value, quality costs).

3.4. Allocation of costs:

• overhead allocation methods: traditional allocation methods and ABC (function allocation);

Topic 4. Pricing in the management accounting system

4.1. Costs as a basis for pricing:

• calculation of prices based on full costs;
• lower price limit and relevant costs.

4.2. Transfer pricing:

• the concept and purpose of transfer prices;
• centralization and decentralization in the management of company divisions;
• methods for calculating transfer prices.

Topic 5. Planning of the company

5.1. Planning basis:

• plans and forecasts;
• basics of strategic planning; balanced system of key indicators;
• making management decisions in the planning process (planning optimal procurement volumes, changing the range of products, terminating activities, expanding activities, etc.);
• operational planning, adjustment of plans.

5.2. Planning methods

• incremental planning;
• planning from scratch;
• fixed and flexible budgets.

5.3. Comparison of planned and actual indicators:

• management accounting reporting (financial and non-financial reports);
• management accounting data and financial statements in accordance with IFRS. A practical guide to providing management comments.

5.4. Investment planning:

• the concept of a capital investment plan. Its main indicators;
• methods for evaluating the effectiveness of capital investments:
  • payback period of capital investments;
  • method of the net present value of the investment (calculation of net cash flows, selection of the discount rate);

5.5. A cross-cutting example on the preparation of planning documents for a conditional enterprise.

Topic 6. Fundamentals of financial analysis of the company's performance

• detailing the indicators of financial reporting, taking into account the tasks of management accounting;
• horizontal and vertical analysis of financial statements;
• calculation of the main financial ratios based on the reporting of a notional enterprise and identification of problems and strengths of the company based on the totality of the indicators obtained.

Numerical examples are provided for each section of the program