Financial Managerial Accounting Associate (FMAA)
INACT House
I'm preparing for a certificate Financial Managerial Accounting Associate (FMAA)
Course Content:
1- Differences between financial and managerial accounting.
2- The role of managerial accounting in supporting decision-making processes.
Cost Analysis:
3- Types of costs (fixed, variable, direct, and indirect).
4- Techniques for cost analysis to aid in decision-making.
Budgeting:
5- How to prepare operational and capital budgets.
6- Budget management and performance monitoring.
Variance Analysis:
7- Comparing actual performance against budgeted figures.
8- Analyzing variances and taking corrective actions.
Performance Evaluation:
9- Key performance indicators (KPIs) and their use in business assessment.
10- Utilizing financial information to improve overall performance.
Financial Reporting:
11- How to create effective managerial reports.
12- Presenting financial information in an understandable manner.
Technology in Accounting:
13- Software tools used in managerial accounting.
14- Leveraging technology to enhance efficiency and accuracy.