Welcome to our Management Accounts Training Course, designed specifically for bookkeepers and accountants!
This course has been tailored to meet the needs of professionals in the bookkeeping and accountancy fields who are responsible for the management of financial data for their clients or within their own business or firm. This course will provide you with the tools and knowledge to upskill your current accounting skills.
This course covers a range of topics starting with the fundamentals of financial reporting and working our way up to budgeting, forecasting and variance analysis. This course is designed with each individual in mind, so whether you are currently a pro when it comes to management accounting or brand new to the concept, this course will help you to apply the concepts you will learn in the course to real-world scenarios and practical settings.
Here you will learn how to interpret financial data and reports, identify key performance indicators, how to analyse financial data, what to look for, how to approach conversations with your client and build management accounts that will help your clients with key decision making.
Throughout the course we encourage you to ask questions and to join the four live sessions available, which are aimed to keep you accountable with your progress and as always you know the drill by now, but there are no stupid questions so please just ask away.
Comment from Rebecca "It took me years to build up my commercial acumen after working in practice for most of career, and at that time I didn't have a mentor that I could rely upon to ask the questions that would have helped me to upskill my knowledge set and from a personal aspect I was always quite a shy introverted individual. Therefore my aim with all of my courses is to help give you the skills and confidence to primarily provide additional support to your clients, while leaning on my expertise. You will know the drill by now (if you know me from any of my online socials - hint search Miss Finance Tutorials on YouTube), and if you don't know the drill its simply "there are no stupid questions" so please just ask away as you complete this course.
By the end of the course, you will have attained the knowledge and skillset to create a management accounts service to your external clients and alternatively if you are working in industry, you will have gained the commercial acumen to question the information presented in the financial statements to help key stakeholders make management decisions.
Therefore, whether you are looking to enhance your current career opportunities or the services that you provide in your bookkeeping or accounting practice or even simply just improve upon current knowledge, this course is the perfect way to take your management accounts skills to the next level.
In Lesson 1 we will be covering the following:
Incomplete records
Month end management process
Timeliness - orderbook / pipeline
Starting to ask the right questions
Understanding our clients better
Contents of lesson 2:
Costing and synergies
Excel management accounts template
Analysis of Management Accounts and Points of Discussion with Clients
Running Management Accounts in Fathom
In lesson 3 we will cover:
Pitch to clients
Analytical review
Building more complex management accounts
In this lesson we will cover:
Pitching rehearsal / marketing
Know your client
Month end management accounts process
Please see below management accounts marketing video that you are free to use:
Please see below management accounts questionnaire template with your clients:
Please see below handouts from the second training session including the management accounts excel template.
In this section I am attaching my full management accounts process so that if you wish to, you can copy and paste this process into your own practice.