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Course Overview:

Management accounting, also known as internal accounting, is essential for making well-informed business decisions. The role of management accounting has evolved significantly over the years, now widely recognized as a source of strategic advantage for organizations. It involves collecting crucial data, analyzing it, and presenting insightful information to managers, enabling them to formulate strategies that align with the organization's strategic goals.

Management accounting plays a pivotal role in helping non-financial staff comprehend and interpret the financial aspects of a business. This course is designed to impart a fundamental understanding of management accounting functions and roles within an organization. It aims to reinforce the knowledge of those already familiar with the subject and establish a necessary foundation for those who are not.

Course objectives:

Upon the completion of this course, the participant will be able to:

• Understand the role of management accounting within the context of the modern business environment.
• Understand cost, cost behaviour, and relationship between cost, volume and profit.
• Distinguish between relevant and irrelevant cost and communicate relevant cost information to management.
• Understand management accounting for control, standard costing, and variances.
• Understand the roles budgeting as a strategic tool.
• Show informed understanding of and apply above concepts in various business situation.

Delivery Method:

In-Person Classes

Target Audience:

Anyone with any background interested to learn management accounting and its roles and usefulness in modern business environment.

Course Outline:

Day 1	Management accounting: introduction, basics, and contrast with financial accounting Various cost types, cost behaviors and implications Contribution, breakeven analysis, and margin of safety Cost volume profit graph	Open learning approach and Student led activities
Day 2	Relevant and irrelevant costs Standard costing approach Control through variances	Open learning approach and Student led activities
Day 3	Budgeting as a control and strategic tool Prepare key business budgets including sales budget, purchase budget and cash budget Balanced scorecard for strategic measurement	Open learning approach and Student led activities

Instructor’s Profile:

Dr. Ali Malek

Dr. Malek is Dean of Academic Affairs at Northumbria University Qatar. Dr Malek has over 20 years of experience in teaching, learning and assessment in higher business education. He has a wide range of qualifications including the following:

• Industry experience as financial analyst and business manager.
• Fellow of Higher Education Academy of UK (FHEA)
• Handling Editor of InderScience International Journal of Business Performance Management (IJBPM) - an ABS ranked journal.
• Extensive experience of dissertation supervision at PG and UG level.
• Experienced in examining and supervising doctoral students.
• Active researcher with over 18 publications in international journals.
• Research interest lies in management accounting, islamic banking and finance, issues in accounting and finance and higher business education.
• Extensive experience as programme leader, external examiner, external expert and subject specialist.
• Extensive experience in curriculum development.
• Editorial member and reviewer of a number of international journals.
• Excellent communication, inter personal and teamwork skills.