After doing this course, you will be able to:
Benefits of doing this Online Course from IALM:
Jobs and Career Growth Opportunities for:
Senior Management of Private Companies, Multinational Corporation, Public Sector Units (PSU), Start-ups, Non-Governmental Organization (NGOs), more.
Other Important Information about the Course:
Additional information on Managerial Decision Making
In any company, growth and profitability are two primary goals. Accounting managers play one of the more profit- and growth-focused roles in a company. Persons in this position, also known as managerial accountants, have a few distinct duties to help companies make internal decisions that lead to profitability and growth. The business's income is its revenue. Its expenses, on the other hand, are what it pays to remain operational. A company’s expenses can include salaries and benefits for employees, rent or mortgage payments for its locations and the costs it incurs for the manufacture, packaging, marketing and distribution of its product.
Profitability is a simple formula: Reduce expenses while increasing revenue. Once a managerial accountant has workable financial data about the company’s revenue and expenses, realistic budgets for specific projects and operations within the company can follow. These budgets are the basis for long-term profitability and growth forecasts, often providing ideas upper management can implement to promote continued, sustainable growth, and increased profitability.
An accounting manager has to speak two languages – accounting jargon and management dialect. The accounting manager is also a liaison between the company and its investors, stockholders, and other outside sources. Managerial accounting’s role really comes down to helping a company’s upper management team take the company in profitable, pro-growth directions by providing key financial insights.
Indian Academy of Law & Management (IALM) currently offers following Corporate Law Courses and Management: (1) Master Certification on Corporate Contracts; (2) Advance Certification in IPR – Law & Procedure and (3) Competition Law and Intellectual Property Rights, and might come up with some more Corporate Law Courses and Management Courses in the near future.
Here, we are throwing some light on IALM Course namely – Masters Certification on Corporate Contracts. This _____ month’s online course teaches on the art of managerial decision making. The course consists of seven Modules namely – 1. Basics of Financial Accounting, Cost, and Management Accounting; 2. Financial Statement Analysis; 3. Product Costing; 4. Indirect Cost Allocation and Activity-Based Costing; 5. Decision Making through Cost Analysis; 6. Budget and Budgetary Control and 7. Variance Analysis.
After completing each module of the course, the student has to go through an online test comprising of Multiple-Choice Questions (MCQs) which help assess their skills and have to submit an Assignment. Thus, this course on Managerial Decision Making helps learners hone his / her skills of decision-making and further prepares them for the corporate sector.
|BASICS OF FINANCIAL,COST & MANAGEMENT ACCOUNTING||5 Hrs|
|FINANCIAL STATEMENT ANALYSIS||5 Hrs|
|PRODUCT COSTING||5 Hrs|
|INDIRECT COST AND ABM||5 Hrs|
|DECISION MAKING THROUGH COST ANALYSIS||5 Hrs|
|BUDGET & BUDGETARY CONTROL||5 Hrs|
|VARIANCE ANALYSIS||5 Hrs|