Financial Management with Emphasis on
Production of Management Accounts
15 -19 September 2025
Sandton Centre
Johannesburg South Africa
Register Now! Limited Seats Available!
R17, 999.00 Per Delegate
Course overview:
In today’s dynamic and competitive economic environment, sound financial management is essential for the sustainability, efficiency, and growth of any organization. Financial decisions, whether operational or strategic, must be backed by accurate, timely, and relevant financial information. This course, Financial Management with a Focus on the Production of Management Accounts, is designed to equip professionals with the skills and knowledge required to manage financial resources effectively and produce high-quality management accounts that drive informed decision-making.
This comprehensive training program goes beyond theoretical knowledge. It offers practical, hands-on experience in producing management accounts, interpreting financial data, analyzing trends, and preparing actionable reports. Participants will learn to translate raw financial data into meaningful insights through the use of industry-standard tools such as Excel and accounting software.
Course Objectives:
1. Understand the core concepts and functions of financial management in organizational contexts.
2. Prepare and produce accurate management accounts, including profit and loss statements, balance sheets, and cash flow statements.
3. Interpret and analyze management accounts to assess organizational performance and support decision-making.
4. Apply budgeting, forecasting, and variance analysis techniques to monitor and control financial performance.
5. Implement cost control measures and manage financial resources effectively to improve operational efficiency.
6. Ensure alignment with financial reporting standards (such as IFRS or local GAAP) and maintain internal financial controls.
7. Communicate financial information clearly to stakeholders through dashboards, reports, and presentations.
8. Utilize financial data in strategic decision-making, including investment analysis and performance improvement.
Who Should Attend:
• Accountants and Assistant Accountants
• Finance and Budget Officers
• Management Accountants
• Internal Auditors
• Financial Controllers
• Project Accountants
• Departmental Heads with budget oversight
• Business Analysts
• Operational Managers involved in cost or performance management
• Supervisors or officers transitioning into finance roles
Course Outline:
Module 1: Introduction to Financial Management
• Objectives and scope of financial management
• Roles and responsibilities of financial managers
• Key principles of sound financial management
• Financial management vs. financial accounting
Module 2: Financial Planning and Budgeting
• Budget preparation and cycle
• Forecasting techniques and assumptions
• Types of budgets: Operational, Capital, and Cash Budgets
• Linking strategy with budgeting
• Zero-based vs. incremental budgeting
Module 3: Understanding Management Accounts
• Purpose and structure of management accounts
• Differences between management and financial accounts
• Components of management accounts:
o Profit and Loss Statement
o Balance Sheet
o Cash Flow Statement
• Frequency and format of reporting
Module 4: Production of Management Accounts (Hands-On)
• Step-by-step process of preparing management accounts
• Using trial balance and adjusting entries
• Allocating overheads and indirect costs
• Depreciation and accruals adjustments
• Preparing monthly and quarterly reports
• Automation using Excel or accounting software (e.g. Sage, QuickBooks)
Module 5: Financial Analysis and Interpretation
• Ratio analysis (liquidity, profitability, solvency)
• Trend analysis
• Variance analysis (budget vs actual)
• Breakeven and contribution margin analysis
• Dashboard reporting for executives
Module 6: Internal Controls and Financial Reporting Standards
• Key internal control measures in finance
• Ensuring data accuracy and integrity
• Overview of IFRS and local GAAP
• Ethical issues in financial reporting
Module 7: Cost Management and Control
• Classification of costs: fixed, variable, direct, indirect
• Costing methods: Absorption, Marginal, Activity-Based
• Cost control techniques and KPIs
• Identifying cost-saving opportunities
Module 8: Strategic Financial Decision-Making
• Capital budgeting techniques (NPV, IRR, Payback)
• Working capital management
• Financing options and capital structure
• Role of management accounts in decision support
Module 9: Practical Case Studies and Group Exercises
• Interpretation of real management accounts
• Budget review and variance analysis simulation
• Developing an internal financial report pack
End of the workshop
IN HOUSE AND ONLINE TRAINING
While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.
For Registration and other Training arrangements,
contact us on the detail below.
SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com
