Advance Bookkeepers (Management accounting and Cashflow)
CPD Hours: 2
Price: R237.50
Advance Bookkeepers (Management accounting and Cashflow)
Presenters : Thabo Malema
Overview
There has never been more demanding need in recent memory for businesses to watch where every generated rand is going. The saying that says "Every cent counts" holds very true today.
Businesses need to have solid procedures in place to watch and properly manage their cash flow because profitability does not necessarily equate to liquidity. Proper management accounting techniques also need to be applied consistently in order to give immediate feedback on the performance of the business and show where it is going. This webinar looks at how this can be achieved practically.
Learning objectives
By the end of this webinar the participant should:
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Understand the importance of management accounting and cash flow in every business' survival;
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Know which management accounting techniques can be used effectively during a slump in the economy;
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Understand how to manage overheads;
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Understand why it is important to prepare regular management accounting reports; and
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Know how to prepare useful management accounting reports.
Content
The webinar will cover the following topics:
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What is the difference between management accounting and financial accounting?
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Management accounting explained.
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Costing and budgeting.
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Practical budgeting techniques.
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Cash flow forecasting.
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Controlling costs.
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Preparation of regular management accounting reports.
