Management Accounting Techniques Course - Oman

Management Accounting Techniques Course Outline

Guided Learning Hours: 120

Module 1: Understand the Purpose and Use of Management Accounting Within Organisations

• Internal Reporting Calculations
  • Purpose of Costing Budgeting and Internal Reporting
  • Importance of Providing Accurate Information to Management for Planning Control and Decision Making
  • Calculate Revenue Costs Contribution and Reported Profits for an Organisation
  • Calculate Segmented Revenue Costs Contribution and Reported Profits by Product
• Differences Between Marginal and Absorption Costing
  • Difference Between Product and Period Costs
  • Differences Between Costing Techniques Marginal Costing Absorption Costing
  • Impact on Reported Performance of Marginal Versus Full Absorption Costing in Both Short Run and Long Run
  • Calculate Prime Cost Marginal Cost Full Absorption Cost

Module 2: Use Techniques Required for Dealing with Costs

• Record and Calculate Materials Labour and Overhead Costs
  • Use Appropriate Data and Information from Both Manual Records and Software
• Prepare Cost Accounting Journals
  • Principles of Cost Accounting Journal Entries
  • Prepare Cost Accounting Journals
• Apply Inventory Control Methods
  • Calculate Inventory Control and Valuation Measures
  • Account for Inventories Using FIFO and AVCO Methods
  • Analyse Closing Inventory Balances
• Cost Behaviours
  • Implications of Different Cost Behaviours for Cost Analysis Decision Making and Reporting
  • Use High Low Method to Separate Fixed and Variable Cost Elements of Semi Variable Costs
• Differences Between Costing Systems
  • Account for Under or Over Recovered Overhead Costs in Accordance with Procedures
  • Make Under or Over Absorption Calculations
  • Interpret Significance of Under or Over Recoveries of Overhead Costs on Unit Costs and Total Profit
• Differences Between Costing Systems
  • Appropriate Choice of Costing System for Different Business Sectors and Individual Organisations
  • Effect of Waste on Costing Inputs and Outputs
  • Record Cost Information Using Different Costing Systems

Module 3: Attribute Costs According to Organisational Requirements

• Calculate and Attribute Overhead Costs Using Traditional Methods
  • Different Methods of Indirect Cost Recovery
  • Attribute Overhead Costs to Production and Service Cost Centres
• Calculate Overhead Recovery Rates Using Traditional Methods
  • Calculate Overhead Recovery Rates in Accordance with Suitable Bases of Absorption
• Calculate Overhead Recovery Rates Using Activity-Based Costing
  • Concept of Activity-Based Costing
  • Calculate Overhead Recovery Rates Using Appropriate Cost Drivers
• Under or Over-Recovery of Overheads
  • Account for Under or Over-Recovered Overhead Costs in Accordance with Established Procedures

Module 4: Investigate Deviations from Budgets

• Principles of Standard Prices Costs and Budgeting
  • Product Standard Price and Standard Cost
  • How Standard Prices and Costs Can Be Used to Develop Budgets
  • Different Types of Budget Fixed Flexed Rolling
  • How Operating Statements Are Used to Compare Budgeted Versus Actual Performance
  • Prepare Budgets for Multi Product Organisations Revenue Materials Labour Variable Overheads Fixed Overheads Non-Manufacturing Overheads
  • Flex Fixed Budgets for Actual Volume
• Calculate Variances
  • Recognise Variances as Favourable or Adverse
  • Calculate Variances Using Flexed Budgets
  • Compare Flexed Budget Versus Actual Costs and Revenues to Calculate
• Analyse and Investigate Variances
  • Determine Cause and Effects of Revenue and Cost Variances
  • Recognise Significant Variances for Investigation
  • Report on Remedial Action to Address Adverse Variances

Module 5: Use Spreadsheet Techniques to Provide Management Accounting Information

• Organise Record and Format Data
  • Design Spreadsheets to Support
  • Ensure Data is Valid and Reliable
  • Format Data
• Use Tools to Manipulate Analyse and Verify Data
  • Use Formulas and Functions
  • Use Tools to Support Analysis of Data
  • Edit and Update Data
  • Verify Accuracy of Data Using Formula Auditing Tools
• Use Tools to Prepare Protect and Present Accounting Information
  • Protect Integrity of Data Validation Restrict Editing Protect Ranges of Cells
  • Enhance Visual Presentation of Data

Module 6: Use Management Accounting Techniques to Support Short Term Decision Making

• Estimate and Use Short Term Future Revenue and Costs
  • Concept of Contribution Revenue Minus Variable Costs
  • Use Estimates of Relevant Future Revenue and Costs
  • Use CVP Analysis to Calculate
  • Interpret and Report on CVP Analysis
• Examine the Effects of Changing Activity Levels
  • Effect of Changing Activity Levels on Unit Revenue Costs and Profits
  • Calculate Changes in Forecast Unit Revenue Costs and Profits

Module 7: Understand Principles of Cash Management

• Principles of Cash Budgeting
  • Key Differences Between Cash and Profit
  • Principles of Forecasting Cash Receipts and Payments
  • Funding Methods Available for Acquisition of Non-Current Assets
  • Suitability of Each Funding Method for Acquisition of Non-Current Assets
  • Importance of Liquidity and Use of Resources Ratios
  • Working Capital Cycle
  • Produce Cash Budgets
  • Calculate Working Capital Using Resources Ratios:
• Improving Cash Flow
  • Importance of Liquidity for Businesses’ Survival
  • Actions That Can Be Taken if Insufficient Liquidity
  • Methods of Improving Cash Flow
  • How Accounting Software and Use of Automation and Visualisation Can Aid Cash Flow Planning

Who Should Attend This Management Accounting Techniques Course?

This course is designed for individuals seeking to develop practical skills in cost control, budgeting, and financial decision-making as part of the AAT Level 3 Diploma in Accounting. It is particularly useful for those in roles such as:

• Management Accountant
• Finance Assistant
• Budget Analyst
• Cost Controller
• Business Owner or Entrepreneur
• Accounting Technician

Prerequisites of the Management Accounting Techniques Course

This Management Accounting Techniques Course is suited for learners who have completed the AAT Level 2 Certificate in Accounting or have an equivalent understanding of basic accounting principles.

Management Accounting Techniques Course Overview

The Management Accounting Techniques Course teaches learners essential skills in cost handling, budget variance analysis, and spreadsheet use to support business financial decisions. It introduces management accounting principles and techniques, helping learners understand how costs affect organisational performance.

This 120-hour training provides practical, hands-on experience with real-world examples. Delegates build confidence in producing management reports, analysing budgets, and applying cost management tools for improved business outcomes.

Completing this course prepares learners for progression within the AAT Level 3 Diploma in Accounting. It helps learners to contribute effectively to strategic planning and operational control.

Management Accounting Techniques Course Objectives

• Understand the role of management accounting in business
• Apply costing techniques to support financial decisions
• Analyse budget variances and investigate causes
• Use spreadsheets to present and interpret financial data
• Support short-term decision-making with accurate cost analysis

What’s Included in This Management Accounting Techniques Course

• World-Class Training Sessions from Experienced Instructors
• Course Completion Certificate
• Digital Delegate Pack