Financial Accounting and Management Accounting (Brunei)

HRODC Postgraduate Training Institute
En Bandar Seri Begawan (Brunéi)

£30.000 - ($24.500.463)
Exento de IVA

Información importante

  • Curso
  • Bandar seri begawan (Brunéi)
  • Duración:
    30 Days
  • Cuándo:
    A definir

Suitable for: This course is designed for: Managers with direct financial responsibilities, Executives who need to evaluate plans for approval and variance reports for corrective action, Managers who need to improve their skills in constructing and controlling their budget, Supervisors from every discipline and department who have to manage departments and plan, cost, and budget during their business careers, Cost and management accountant, Financial planners and cost analysts, Financial and budget controllers who are moving to wider responsibilities

Información importante

Requisitos: Degree or Work Experience


¿Dónde se da y en qué fecha?

comienzo Ubicación
A definir
Bandar Seri Begawan
Jalan Tasek, BS8674, Brunei, Brunéi
Ver mapa

¿Qué aprendes en este curso?

Business Process
Decision Making
Financial Reporting
Financial Accounting
Cash Flow
Balance Sheet
Accounting MBA
Quality Training
Management Accounting
Financial Training
IT Management


Course Contents, Concepts and Issues:

A Conceptual Framework: Setting the Scene

Who needs accounting?

  • Introduction
  • The Development of a Conceptual Framework
  • The Statement of Principles
  • Types of Business Entity
  • Users and Their Information Needs
  • General Purpose or Specific Purpose Financial Statements?
  • Stewards and Agents
  • Who Needs Financial Statements?

A Systematic Approach to Financial Reporting: The Accounting Equation

  • Introduction
  • The Accounting Equation
  • Defining Assets
  • Examples of Assets
  • Recognition of Assets
  • Defining Liabilities
  • Examples of Liabilities
  • Recognition of Liabilities
  • Defining the Ownership Interest
  • Recognition
  • Changes in the Ownership Interest
  • Assurance for Users of Financial Statements

Financial Statements from the Accounting Equation

  • Introduction
  • The Accounting Period
  • The Balance Sheet
  • The Profit and Loss Account
  • The Cash Flow Statement
  • Usefulness of Financial Statements

Ensuring the Quality of Financial Statements

  • Introduction
  • Qualitative Characteristics of Financial Statements
  • Measurement in Financial Statements
  • Views on Prudence
  • Regulation of Financial Reporting
  • Reviewing Published Financial Statements

Reporting the Transaction of a Business

Accounting Information for Service Businesses

  • Introduction
  • Analysing Transactions Using the Accounting Equation
  • Illustration of Accounting for a Service Business
  • A Process for Summarizing the Transactions: A Spreadsheet
  • Financial Statements as a Means of Communication

Accounting Information for Trading Businesses

  • Introduction
  • Goods Purchased For Resale
  • Manufacturing Goods for Resale
  • Illustration of Accounting for a Trading Business
  • A Process for Summarising the Transactions: A Spreadsheet
  • Financial Statements of Steven Jones, Wholesaler

Recognition in Financial Statements

Published Financial Statements

  • Introduction
  • International Influences
  • The Statement of Principles
  • Balance Sheet
  • Profit and Loss Account
  • Cash Flow Statement
  • Group Structure of Companies
  • Group Financial Statements
  • Beyond The Annual Report

Fixed Assets

  • Introduction
  • Definitions
  • Recognition
  • Users' Needs for Information
  • Information Provided In the Financial Statements
  • Usefulness of Published Information
  • Depreciation: An Explanation of Its Nature
  • Reporting Fixed Assets and Depreciation in Financial Statements

Current Assets

  • Introduction
  • Definitions
  • The Working Capital Cycle
  • Recognition
  • Users' Needs for Information
  • Information Provided In the Financial Statements
  • Measurement and Recording
  • Stocks of Raw Materials and Finished Goods
  • Debtors Prepayments
  • Revenue Recognition

Liabilities Due Within One Year

  • Introduction
  • Definitions
  • Recognition
  • Users' Needs for Information
  • Information Provided In the Financial Statements
  • Measurement and Recording
  • Accruals and the Matching Concept
  • Liabilities for Taxation

Provisions and Long-Term Liabilities

  • Introduction
  • Users' Needs for Information
  • Information Provided In the Financial Statements
  • Provisions for Liabilities and Charges
  • Deferred Income
  • Long-Term Liabilities

Ownership Interest

  • Introduction
  • Definition and Recognition
  • Presentation of Ownership Interest
  • Additional Primary Financial Statements
  • Users' Needs for Information
  • Information Provided In the Financial Statements
  • Dividends
  • Issue of Further Shares on the Stock Exchange

Performance Analysis

Ratio Analysis

  • Introduction
  • Systematic Approach to Ratio Analysis
  • Investors' Views on Risk and Return
  • Pyramid of Ratios
  • Use and Limitations of Ratio Analysis
  • Worked Example of Ratio Analysis

Analysis of Corporate Performance

  • Introduction
  • Operating and Financial Review
  • Other Guidance in Analysis
  • Linking Ratios to the Cash Flow Statement
  • Segmental Information

Current Developments

Developing Issues in Financial Reporting

  • Introduction
  • International Harmonization and Convergence
  • Dynamic Nature of the True and Fair View
  • Measurement of Value
  • Off-Balance-Sheet Finance
  • Related Parties
  • Social and Environmental Disclosures
  • The Reporting Cycle
  • Summary Financial Statements
  • Corporate Governance
  • Financial Reporting Review Panel
  • How Valid Is the Stakeholder Model?


Setting the Scene and Defining the Basic Tools of Management Accounting

Functions of Management Accounting

  • Introduction
  • Meeting the Needs of Internal Users
  • Management Functions
  • Role of Management Accounting
  • Judgments and Decisions: Case Study Illustrations
  • Terminology of Management Accounting

Classification of Costs

  • Definition of a Cost
  • The Need for Cost Classification
  • The Meaning of 'Activity'
  • Variable Costs and Fixed Costs
  • Direct Costs and Indirect Costs
  • Product Costs and Period Costs
  • Cost Classification for Planning, Decision-Making and Control
  • Cost Coding
  • Cost Selection and Reporting

Product Costs: Materials, Labour and Overheads

  • Introduction
  • Accounting for Materials Costs
  • Accounting for Labour Costs
  • Production Overheads: Traditional Approach
  • Production Overheads: Activity-Based Costing (ABC)
  • Comparing Traditional Approach and ABC

Product Costs and Stock Valuation

Job Costing

  • Introduction
  • Job Cost Records: An Illustration
  • Job Costing: Applying the Accounting Equation to Transactions
  • Absorption Costing and Variable Costing
  • Moving Forward

Process Costing

  • Introduction
  •  Allocation of Costs to Products in a Process Industry
  •  Joint Product Costs and By-Products
  •  Decisions on Joint Products: Sell or Process Further


Breakeven Analysis and Short-Term Decision Making

  • Introduction
  • Cost Behaviour: Fixed and Variable Costs
  • Breakeven Analysis
  • Using Breakeven Analysis
  • Limitations of Breakeven Analysis
  • Applications of Contribution Analysis
  • Short-Term Decision-Making
  • Pricing Decisions

Planning and Control

Preparing a Budget

  • Purpose and Nature of a Budget System
  • Administration of the Budgetary Process
  • The Benefits of Budgeting
  • Problems of Budgeting
  • Public Service Organisations
  • Practical Example - Development of a Budget
  • Shorter Budget Periods

Standard Costs

  • Purpose of Using Standard Costs
  • The Level of Output to Be Used In Setting Standards
  • The Control Process
  • Direct Materials Cost Variance
  • Direct Labour Cost Variance
  • Variable Overhead Cost Variance
  • Fixed Overhead Expenditure Variance
  • Case Study: Lincoln Ltd
  • Investigating Variances
  • Flexible Budgets and Variance Analysis
  • Case Study: Jerald Ltd
  • Is Variance Analysis, Based On Standard Costs, A Useful Exercise?
  • A Broader View of Applications of Variance Analysis

Performance Evaluation and Feedback Reporting

  • Introduction
  • Preparing Performance Reports
  • Performance Evaluation
  • Benchmarking
  • Non-Financial Performance Measures
  • The Balanced Scorecard
  • Management Use of Performance Measurement

Capital Budgeting and Business Strategy

Capital Budgeting

  • Purpose of Capital Budgeting
  • Payback Method
  • Accounting Rate of Return
  • Net Present Value Method
  • Internal Rate of Return
  • Mutually Exclusive Projects
  • Which Methods Are Used In Practice?
  • Control of Investment Projects: Authorisation and Review
  • Advanced Manufacturing Technologies

Business Strategy and Management Accounting

  • Introduction
  • Strategic Management Accounting
  • The Just-In-Time Approach
  • Value Chain Analysis
  • Total Quality Management and Cost of Quality
  • Business Process Re-Engineering
  • E-Business and E-Commerce