Management Accountant

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About Course

The Management Accountant Course at Skill Brook is designed to develop practical skills in management accounting, cost control, budgeting, financial planning, and business decision-making.

This industry-oriented program provides hands-on training in cost accounting, budgeting and forecasting, financial analysis, Management Information Systems (MIS), variance analysis, and performance management.

What Will You Learn?

  • Learn practical management accounting, cost control, budgeting, forecasting, financial planning (FP&A), variance analysis, Advanced Excel, MIS reporting, profitability analysis, and strategic financial decision-making skills.

Course Content

1: Fundamentals of Management Accounting
Introduction to Management Accounting Role and Responsibilities of a Management Accountant Financial Accounting vs. Management Accounting Accounting Principles and Concepts Understanding Financial Statements Management Accounting Tools and Techniques Financial Information for Business Decisions Corporate Finance and Business Operations

2: Cost Accounting & Cost Management
Fundamentals of Cost Accounting Classification of Costs – Fixed, Variable and Semi-Variable Direct and Indirect Cost Analysis Cost Sheet Preparation Job Costing and Process Costing Activity-Based Costing (ABC) Marginal and Absorption Costing Cost Reduction and Cost Control Techniques

3: Budgeting & Forecasting
Introduction to Business Budgeting Preparation of Operating Budgets Revenue and Expense Budgeting Cash Budget Preparation Capital Expenditure Budgeting Flexible and Fixed Budgets Rolling Forecasts and Financial Projections Budget Monitoring and Performance Review

4: Financial Planning & Analysis (FP&A)
Introduction to Financial Planning & Analysis Financial Planning Processes Revenue and Cost Analysis Profitability and Margin Analysis Budget vs. Actual Analysis Financial Forecasting Techniques Scenario and Sensitivity Analysis Financial Performance Evaluation

5: Variance Analysis & Performance Management
Introduction to Variance Analysis Material Cost Variances Labour Cost Variances Overhead Variances Sales and Revenue Variances Budget vs. Actual Performance Key Performance Indicators (KPIs) Management Performance Reporting

6: Advanced Excel for Management Accountants
Advanced Excel Formulas and Functions IF, SUMIFS, COUNTIFS and XLOOKUP INDEX-MATCH and Data Validation Pivot Tables and Pivot Charts Power Query Fundamentals Financial Modelling Using Excel Budgeting and Forecasting Templates Automated MIS and Financial Dashboards

7: MIS Reporting & Business Analytics
Introduction to Management Information Systems Daily, Weekly and Monthly MIS Reports Revenue and Expense MIS Cost Centre and Department Reporting Financial KPI Dashboards Trend and Comparative Analysis Business Performance Reporting Management Presentation and Reporting

8: Financial Statements & Ratio Analysis
Profit and Loss Statement Analysis Balance Sheet Analysis Cash Flow Statement Analysis Liquidity and Solvency Ratios Profitability Ratios Efficiency and Working Capital Ratios Financial Trend Analysis Interpretation of Financial Performance

9: Working Capital & Cash Flow Management
Fundamentals of Working Capital Cash Flow Planning and Forecasting Accounts Receivable Management Accounts Payable Management Inventory Management Cash Conversion Cycle Analysis Liquidity and Fund Management Working Capital Optimization

10: Strategic Management Accounting
Strategic Cost Management Break-Even and Cost-Volume-Profit Analysis Product and Customer Profitability Pricing and Business Decision-Making Make-or-Buy Decisions Relevant Cost Analysis Capital Investment Appraisal Risk Assessment and Business Strategy

11: Corporate Finance & Management Reporting
Corporate Financial Planning Department and Cost Centre Accounting Month-End Financial Reporting Management Accounts Preparation Internal Controls and Financial Governance Business Performance Reviews Financial Reporting to Management Decision Support and Business Recommendations

12: Practical Training & Industry Projects
Cost Sheet Preparation Project Annual Budget Preparation Using Excel Budget vs. Actual Variance Analysis Financial Forecasting and Planning Project Profitability Analysis Case Study Working Capital Analysis Project MIS Dashboard Development Financial Statement Analysis Project Business Decision-Making Case Studies Final Management Accounting Assessment

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