ACCOUNTING MANAGEMENT
One simple definition of management accounting is the provision of financial and non-financial decision-making information to managers. In other words, management accounting helps the directors inside an organization to make decisions. This can also be known as Cost Accounting. This is the way toward distinguishing, examining, deciphering and imparting data to supervisors to help accomplish business goals. The information gathered includes all fields of accounting that educates the administration regarding business tasks identifying with the financial expenses and decisions made by the organization. Accountants use plans to measure the overall strategy of operations within the organization
Course Outline
- Understanding the Basic Principles of Accounting
- The Standard Financial Statements
- The Accounting Cycle and Basic Internal Controls
- The Chart of Accounts and Classifying Financial Transactions
- Double Entry Accounting and the Accounting Equation
- Debits/Credits and the General/Journal Entries
- Accounting for Company Formation, Accounts Payable and Suppliers Management
- Accounting for VAT, Sales and Accounts Receivables
- Accounting for Prepayments and Accruals
- Accounting for Inventories and Cost of Goods Sold
- Accounting for Fixed Assets and Depreciations
- Preparation of financial Statements and Introduction to Quickbooks (Accounting Software)
