Course Overview
Financial data is more than just numbers—it is the key to effective decision-making and organizational growth. This course delves into the strategic aspect of accounting, helping participants understand cost analysis, budgeting, financial planning, variance analysis, and performance evaluation.
Topics include costing techniques (marginal costing, standard costing, and activity-based costing), break-even analysis, capital budgeting, and financial forecasting. Participants will learn how to use financial insights to optimize operational efficiency, enhance profitability, and align financial resources with organizational goals.
By the end of this course, learners will be able to provide valuable financial guidance to leadership teams and help drive business and ministry success.
What you’ll learn
- Introduction to Management Accounting
- Understanding fixed, variable, and semi-variable costs
- Budgeting and Financial Planning
- Understanding the concept of variances: favorable vs. unfavorable
- Establishing key performance indicators (KPIs) for success measurement
- Understanding break-even point (BEP) and its significance
- Importance of capital budgeting for long-term investments
- Techniques for forecasting revenues and expenses
- Using Financial Insights for Decision Making
- Translating financial analysis into actionable business insights
- Integration of learned concepts in real-world business scenarios
- Case studies on successful management accounting practices
Requirements
- No previous finance experience is needed.
Instructor
Amadi W
As a finance graduate, I struggled with industry applications. These courses helped me bridge the gap and land my first job!