Accounting, Decision Making
& Financial Communication

Understanding the fundamentals of Accounting and Finance is essential for making and communicating decisions. This Anderson online training course will provide a comprehensive illustration of how accounting information is collected, recorded, how it is analyzed and presented both internally and externally, to support effective management, control, and decision making. This is important because key personnel in an organization use accounting information which is often said the ‘language of business’; hence it is essential to understand and to be able to use this language. This training course will also introduce delegates to the systems and structures of financial and management accounting and their value in ensuring the success of the business.

By attending this Anderson online training course, delegates will be able to:

• Understand income statement, balance sheet, and cash flow statement
• Interpret cost behavior and its impact on product costing
• Understand the process of budgeting
• Master cost allocation to departments, products, and services
• Design a performance measurement system

This Anderson online training course is suitable for a wide range of professionals who wish to achieve career progress by expanding their financial knowledge. However, it will be most suitable for operational and middle Managers who wish to better understand and make use of financial information in their management roles, for example:

• Members of the operational management team
• Managers who have responsibility for divisional performance
• Managers who have responsibility for support functions
• Consultants who provide advice on systems and operations
• Senior staff members of any department

Amongst a wide range of valuable topics, the following will be prioritized:

• Understand the role of the Finance function
• Master the differences between Financial and Managerial Accounting
• Read the Financial Statements: Balance Sheet, Income Statement, Cash Flow
• Explore how budgets are built and developed
• Understand fixed and variable costs, and Cost-Volume-Profit analysis
• Master direct and indirect costs, and cost allocations
• Understand capital budgeting
• Understand accountability and responsibility centers
• Master performance measurement and management
• Integrate reports with KPIs, Dashboards and Scorecards