Management Accounting - Online

Financial decisions impact virtually every area of the business. This course comprises of, an in-depth coverage of two crucial areas of every business i.e., Management of Current Assets & Management of Working Capital. It presents the principles and techniques of managing each element of current assets and their financing. Basic theories & important formulae have also been discussed. As any theory can be best understood by its application, this product exhibits step-by-step approach in solving problems by do and learn policy. Thus the product explores the theory with relevance to the real-world business problems through analytical approach. This course is intended to familiarize you with the basic concepts and to apply the same in practice at intermediate and advanced level.

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer. The completion window for this course is 91 days from the date of registration. Please note that elearning courses are self contained online study and contain no printed materials. eLearning courses may not be downloaded and are unsuitable for off-line study.

También, se ofrece este curso en Español. Llamada para más información.

Available TodayOnlineUSD$175
Instructional Method:
Self-Study
Level: Intermediate

ICB CREDITS
8.75
The program will benefit anyone who wishes to enhance their existing skills or learn new ones. It should be of particular interest to: Entry level finance professionals; Investment professionals; Research analysts; Corporate Bankers; Fixed Income analysts; Credit Analysts; Merger and Acquisition professionals; Equity Analysts; Mid-level career transitions and lateral hires.
Students will be able to:
  • Understand the financial decision making process in the area of Management of Current Assets & Working Capital
  • Interpret the impact of such financial decisions on the value creation for the business.
Familiarity with basic financial concepts
Language Options
También, se ofrece este curso en Español. Llamada para más información.
Management of Cash
This is a comprehensive guide for managing the most liquid asset 'Cash'. This helps the user understand:
  • Components of Cash Management
  • Preparation of Cash Budget
  • Cash Conversion Cycle
  • Float Management Techniques
  • Cash Management Models
  • Determination of optimum cash level
Duration: 1 hour

Management of Receivables
This module gives a comprehensive idea and serves as guide for managing the debtors or accounts receivables. This helps the user understand:
  • Basic concepts of and need for receivables management
  • Aspects of receivables management policy
  • Evaluation of Credit Policy
  • Age Analysis of Debtors
  • Concept of Factoring
Duration: 1 hour

Management of Inventory
This module gives an analytical understanding on how to manage the inventories to ensure neither funds are blocked in this asset nor the firm falls short of inventories. This helps the user understand:
  • Basics of inventory
  • Costs associated with inventories
  • Determination of various levels of inventory
  • Time of ordering inventory
  • Quantity to be ordered
  • Analysis of Discount & Quantity to be ordered
Duration: 1 hour

Overview of Working Capital
This module gives a basic understanding of the concept of working capital. This helps the user understand:
  • The concept of working capital
  • Factors affecting working capital
  • Characteristics of working capital of different businesses
Duration: 1 hour

Financing Working Capital
This module gives a basic understanding of the unsecured sources of short-term finance. This helps the user understand:
  • Different types of unsecured sources of short-term finance
  • Determination of cost of foregoing discounts
  • Calculation of effective interest rates on bank loan
  • Different types of secured sources of short-term finance
  • Financing of Accounts Receivables
  • Factoring process
  • Financing of Inventories
  • Generic Financing Strategies
Duration: 2 hours

Estimation of Working Capital Requirements
This module gives an analytical understanding and is a comprehensive guide to determine the working capital requirements of a medium sized undertaking. This helps the user understand:
  • Concept of Operating Cycle
  • Concept of Cash Conversion Cycle
  • Impact of cycle time on working capital requirements
  • Approaches for estimation of working capital
  • Methods of determining working capital
Duration: 1 hour

JOB AIDS
  • Measurement Tools - Calculators in Excel & Java
  • A Case Study on Receivables Management

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