MBA in Accounting

The training course supplies an understanding right into the major factors that are vital to the thriving economic administration of firms, consisting of the efficient allocation of sources, within the economic, competitive, and physical atmosphere. The course will also focus on the value of high-quality company governance and management of financial threats.

Program Purposes of MBA in Accounting

• Prepare the income declaration, balance sheet, and capital statement
• Use accountancy techniques to enhance profitability and also performance
• Understand as well as assess business financial reports
• Identify and assess wealth-generating financial investments
• Acknowledge, quantify, and control financial risk

Day 1
Introduction to Accounting

• The importance of accounting information

• The role of the Finance Function

• The accounting equation and financial accounting systems

• Recording facts and applying judgment

• Preparing the Income Statement and Balance Sheet

• Accounting principles and accounting standards          

Day 9
Financial Risk Management

• Risk and uncertainty in business

• How to manage risk – the four Ts

• Financing risk and operating risk

• Foreign currency risk management

• Interest rate risk management

• Role of Internal Audit, Audit Committee, and Chief Risk Officer

Day 8
CAPEX - Analysis of Investment Decisions

• Growing your business with new investment projects

• Preparing spreadsheet forecasts for investment appraisal

• Basic appraisal techniques: Accounting Rate of Return (ARR) and Payback

• Discounted cash flow appraisal techniques: NPV and IRR

• Capital Rationing and the Profitability Index (PI)

• Dealing with risk in investment appraisal

Day 7
Financing the Business and Capital Structure

• Sources and types of long term finance

• Sources and types of short term finance

• Calculating the Cost of Equity – what your shareholders expect

• Calculating the Cost of Debt – it depends on your credit rating

• The weighted average cost of capital (WACC)

• Choosing the best mix of equity and debt

Day 6
Finance and Financial Information

• The meaning and importance of finance in business

• The importance of financial information – internal and external

• The corporate annual report and the financial statements                              

• Capital employed: long – term assets and working capital

• Analysing financial statements for profitability, liquidity, efficiency & financial structure

• Investment ratios and market data sources              

Day 5
Measuring Performance to Inform Decision Making

• Monthly management reporting

• Setting and using standards

• Identifying and calculating variances

• Operating and planning variances – who is responsible?

• Measuring responsibility centre performance, ROI, RI, and EVA

• Non-financial performance – the Balanced Scorecard

Day 4
Communicating the Plan Through Budgeting

• Corporate planning and corporate objectives implemented through budgeting

• The budgeting process and timescale

• Sales budget forecasting techniques

• Cascading the budgets across the whole business

• Preparing functional budgets and the cash budget

• Budgeting principles, methodologies, and applications

Day 3
Management Accounting for Control and Decision-Making

• Collecting and analyzing costs

• The structure of direct and indirect costs

• Dealing with overheads – absorption costing or ABC?

• Cost-Volume-Profit and break-even analysis

• Decision making – make or buy

• Decision making – the effect of limiting factors

Day 2
Accounting Reports

• The format and contents of the Income Statement

• The format and contents of the Balance Sheet

• The effect of depreciation and impairment on profit

• Identifying and valuing inventory

• Preparing the Cash flow Statement

• The importance of cash flow in a business

Day 10
Corporate Governance

• Recognising the needs of stakeholders

• The origins and development of corporate governance

• Corporate governance codes and regulation

• The role of the Board of Directors

• International corporate governance and the OECD

• Emerging trends in corporate governance