Introduction

The purpose of the webinar on Basic Set of Management Accounts is to provide CIBA members with a clear understanding of the essential components and structure of management account. 

Category: Business Education – Management Accounting

Channel 0 and 1: Foundation and Compliance

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Information

Format: Webinar

CPD Units: 2

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What will set you apart

By attending this webinar you will gain the following competencies:

• Understanding Management Accounts: 
  • What management accounts are and their importance in business decision-making. 
  • Differences between management accounts and statutory financial statements. 
• Key Components of Management Accounts: 
  • Income statement (profit and loss statement). 
  • Balance sheet (statement of financial position). 
  • Cash flow statement. 
  • Variance analysis and comparison against budgets. 
• How to Prepare Management Accounts: 
  • Gathering relevant financial data. 
  • Structuring and presenting the information clearly and accurately. 
  • Importance of consistency and standardization. 
• Using Management Accounts for Decision-Making: 
  • How to analyze financial information to support business strategy and operations. 
  • Identifying key performance indicators (KPIs) to monitor and improve performance. 
  • Using management accounts for cash flow forecasting, cost control, and performance tracking. 
• Best Practices and Common Pitfalls: 
  • Tips on maintaining accuracy and relevance in management accounts. 
  • How to avoid common mistakes in compiling and interpreting the accounts. 
• Tailoring Management Accounts for Different Stakeholders: 
  • Customizing the presentation of management accounts for various users (management, shareholders, investors).

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Certificate

The following event is awarded 2 CPD units in Business Education – Management Accounting

1 unit for 1-hour CPD webinar

1 unit for assessment completed

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Presenter/s

Leana van der Merwe

Leana: Leana van der Merwe, with 18+ years in accounting and corporate governance, Leana leads technical support at CIBA and is a recognized thought leader in regulatory compliance.

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Accounting Weekly

Please note reading Accounting Weekly articles count towards non-verifiable CPD.

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Support

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