Be a Better Money Manager with LBTC’s Advanced Accounting Course

1. Be a Better Money Manager with LBTC’s Advanced Accounting Course The term accounting, in the modern times, is no more limited to number crunching, preparing invoices and managing ledgers. While these functions still constitute the fundamentals of accounting, learning the advanced aspects of accounting such as the budgeting, forecasting, decision making etc. are also gaining ground! LBTC’s advanced accounting course intends to train accounting and other business professionals on the advanced elements of accounting. Take a look. The Need for Learning Advanced Accounting A company’s financial position is something which, to a considerable extent, determines to the company’s capabilities of sustaining in the market. Of course, there are other factors such as service, goodwill, business practices, etc. as well, however, with this article, we would limit our discussion to only the financial elements that make up for the company’s position in the market. Until lately, money management was mostly the prerogative of the accounts’ team and the accounts manager. But, with business growing more dynamic, there has been a need for a professional course that deals with the advanced aspects of management accounting such as preparing budgets, forecasting the company’s financial position in the years to come, conducting a break-even analysis, using different types and methods of costing for diverse functions within the accounting domain, etc. That’swhere LBTC’s advanced accounting related courses come into the picture. These courses are an amazing opportunity for non-accounting professional to step forward and learn the advanced elements that impact accounting and the financial management functions of an organization. So, as a sensible professional, you just would not want to miss this opportunity! Scroll down to know what’s that you would learn from this advanced accounting course.

2. LBTC Accounting Related Courses | Advanced Accounting Course in London Remember, the course talks about management accounting, and which deals with the managing finances and not with the operational or functional facets of it. It helps you be a better leader, possessing an all-round understanding of his business and who’s an active participant in every management-related agenda of his organization or that of his branch. Cost and Break-Even Analysis: Fixed and variable costs, contribution, the margin of safety, break-even analysis, interpreting break-even analysis, and assumptions underlying break-even analysis. Absorption and Activity-Based Costing: Direct and indirect costs, calculation of a blanket rate, over and under recovery, activity-based costing and absorption costing, and calculating a department rate to completely cost the product. Budgeting: Preparing a budget, the budgeting process, advantages of budgets, problems in budgeting, variance analysis, and performance monitoring budget and flexible budgeting. Pricing and Costing: Utilizing cost information to price your product, selecting the appropriate pricing method, optimum pricing, target costing, transfer pricing, life-cycle pricing, pricing and product strategy, and discounts and distribution margins. Short-Term Decision Making: The concept of revenue and costs, make or buy decisions, limiting factors, site closures of discontinuation of products, and upgrading equipment. Investment Appraisal Techniques: Accounting rate of return, internal rate of return, discounting to present value, payback period, and net present value. Measuring and Reporting Performance: Strategies and objectives of performance management, key performance measures, financial and non-financial performance measurement, the balanced scorecard, benchmarking, customer profitability analysis, environment accounting and carbon reporting, integrated reporting, ethics and corporate governance. Principally, the focus of this course is to acquaint the non-accounting professionals with the different advanced aspects of management accounting. However, people who wish to upgrade themselves with the latest management accounting practices, and who plan to augment their analytical, forecasting and budgeting skills can also take up this 7-day long course. The course fee is GBP 2660 + VAT, and the last training session scheduled for this year commences on 20 November continuing until the 28th of November 2018.

3. For additional information on the LBTC’s advanced accounting courses, get in touch at +44 203 1266 755 or write your requirements at contact@lbtc.co.uk. Get in touch – Seven Pancras Square, 7 King’s Boulevard, Kings Cross, London N1C 4AG, United Kingdom Phone No. +44 2085600312 Website: https://www.lbtc.co.uk/