Overview   

Small and medium-sized enterprises (SMEs) play a crucial role in the global economy, representing a significant source of employment and growth. However, many SMEs struggle with financial management, particularly when it comes to cost and management accounting.   

To satisfy the needs of all stakeholders, it is important for every SME, with the help of their business advisor, to develop a sound accounting system that incorporates financial accounting, cost accounting, and management accounting.   

Join Constance Kawelenga CA(SA) on 10 May 2023 from 10:00 a.m. to 12:00 p.m. as she shows you how to assist SMEs to develop accounting systems that are both versatile and robust enough to address stakeholders' needs for optimal decision-making. 

Learning objectives  

Attending this webinar will equip you with the following skills: 

• Establish an internal reporting system that combines cost accounting, financial accounting, and management accounting.   

• Acquire knowledge about the different cost accounting tools and techniques that business advisors can use for SMEs.  

• Understand and apply the tools and techniques of management accounting in the daily business operations of SMEs. 

• Use cost accounting principles to assist SME business owners and managers in their day-to-day decision-making roles. 

• Apply management accounting methods in an advisory role for SMEs to make optimal decisions regarding resource utilisation. 

Content 

The webinar will cover the following topics:  

• Relationship between cost accounting, financial accounting, and management accounting. 

• Cost accounting. 

  • Concept of cost. 

  • Objectives, importance, and scope of cost accounting. 

  • Classifications and elements of cost. 

  • Methods and techniques of costing. 

  • Cos accounting standards. 

  • Role of cost accounting in SME decision-making. 

• Management accounting 

  • Evolution, meaning, objectives, nature and scope. 

  • Tools and techniques of management accounting. 

  • Limitations of management accounting. 

  • Conflicts in profit versus value maximisation principle. 

  • Role of management accountant in decision-making. 

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

About the presenter 

Constance Kawelenga CA(SA)  

Constance Kawelenga is a chartered accountant with a broad proficiency in finance, taxation and auditing. She has attained a diverse range of experience - from Big 4 audit experience, commercial multinational exposure to running an audit and consulting boutique over the past 8 years. In 2013, Constance founded the Zuva Group of entities, focusing on audit, financial management, taxation, secretarial, business mentorship as well as business valuations.  

Who should attend? 

The following persons will benefit from attending this webinar: 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Management accountants. 

• Accounting officers. 

• Independent reviewers. 

• Registered auditors. 

• Trainee accountants. 

Price              

• R 450.00 - Online admission - Individual. 

• Group Price 1 - From R184 per person (up to 5 users) 

• Group Price 2 - From R121 per person (up to 10 users) 

• Group Price 3 - From R109 per person (over 11 users) 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.