Accounting & Budgeting SkillsSurface Transport & Logistics

Accounting & Budgeting Workshop” has been designed for all who occupy responsible positions in the business but do not have accounting background.
In general, the workshop seeks to enable participants to explain and apply the principles, basic tools, and techniques of the accounting process.

Course Duration:

5 Days

Course Description:

Specifically, at the end of the workshop, participants will be able to:

  • Understand the profit concept
  • Understand the principles of budget preparation and control
  • Analyze a balance sheet
  • Core concepts of management accounts
  • Various types of ratios and their implications
  • The costing process and Break even analysis

Workshop Objective:

  • Consolidate their knowledge gained in Accounting for Non Accountants
  • Relate and explain terms, definitions and benefits of management accounting
  • Conduct a simple cost volume profit analysis, incremental analysis and cost allocation
  • Be able to communicate budgetary information more effectively
  • Describe the role of the bank reconciliation
  • Work with core ratios related to simple scenarios
  • Relate management information needs and the key performance indicators of an effective system

Course Outline:

The components of management accounting:

  • Terms and definitions
  • Benefits
  • Practical application
  • Cost volume profit analysis
  • Relevant costing and special decisions
  • Incremental analysis
  • Cost allocation
  • What is a budget? Where does it come from? Why do we do it?
  • Budgeting for profit
  • The budget cycle – how it all comes together


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