This course combines all the best for advanced training: a student's personal account, a free schedule, study materials in various formats, and the ability to independently adjust the duration of one's study.

Skill testing

Before and after training, you will be tested in the Finassessment service.

This will allow:

• see what knowledge and at what level you already have
• see your learning progress
• get a certificate confirming your professional skills

Webinars with experts

Educational materials

The course includes specially designed webinars, electronic handouts, lecture notes, tests, tutorials.

Tests and practical tasks created to control the assimilation of the material. Electronic handouts are available for download and printout (will remain with you even after access to the course is closed).

Hometasks

Intermediate testing

Personal consultations with experts

If during the course you have questions about the topic, you can always ask the teacher for clarification. You can consult with him through the chat in the system distance learning the entire period of study. You can also get an additional extended consultation via video communication in the format of a webinar (this service can be ordered and paid separately).

Mock exam

official exam

The official exam for the IPFM diploma takes place monthly, according to the schedule, online. Pre-registration is required to participate. The list of documents and the registration form for the exam are also in the distance learning system.

The exam consists of a test and a practical part. The duration of the exam is 3 hours.

Passing score: 60.

The IPFM international diploma exam is taken by administrators using a proctoring system (monitoring the student and his computer screen). Completed examination tasks are checked and evaluated by accredited IPFM teachers.

Exam results are communicated to candidates 2 weeks after taking the exam. e-mail. To the same mail, within 2 months from the date of the announcement of the results, an international IPFM diploma in in electronic format if the candidate scored 60 or more points.

Program

These 90 hours are the average time to complete the course. During the allotted access period, you must have time to use everything that is included in the program: testing for Finassessment, study materials, control tests, tasks, notes, personal consultations with a tutor and intensive preparation for the exam.

1moduleThe nature of management accounting. Cost Classification for Decision Making

7 hours of theory, 2 hours of practice (7 webinars, 3 tasks, 2 tests)

1. Nature management accounting

Theory:

• Definition of management accounting
• Fundamental differences between managerial and financial accounting
• What does management accounting include?
• The essence of management accounting
• Goals of management accounting
• Key users of management accounting
• Persons responsible for the formation of a management accounting system in the organization
• Tasks of management accounting
• The main components of the management accounting system in the organization
• The main processes that ensure the formation and functioning of the management accounting system
• Factors influencing the organization of the management accounting system in organizations

Theory:

1. Cost Classification for Decision Making

• Determination of costs. How to classify costs.
• Costs: fixed, variable, average, marginal.
• Other types of expenses.
• Models and methods for calculating the cost of production.

Practice:

• 3 tasks
• 2 tests.

2moduleCost management concept. Cost behavior. Cost-volume-profit analysis. Break even.

7 hours of theory, 5 hours of practice (13 webinars, 4 tasks, 1 test)

1. Cost management concept. Cost behavior

Theory:

• Separation of costs into fixed and variable.
• Cost calculation.

Theory:

• The essence of CVP analysis. Break even analysis
• Firms with high fixed and variable costs

Practice:

• 4 tasks
• 1 test.

3moduleThe managerial format of the income statement. Analysis of the sales structure and profitability of certain types of products

8 hours of theory, 5 hours of practice (7 webinars, 3 tasks, 1 test)

1. Management analysis: profit maximization methods. Management profit and loss statement format

Theory:

• Profit and loss statement for acceptance management decisions. Possible options for constructing the OPU
• The algorithm for compiling the GTC for the purposes of management accounting

Theory:

• Sales analysis. ABC sales analysis
• XYZ sales analysis
• Sales profitability analysis
• Factor analysis of profitability of sales

Practice:

• 3 tasks
• 1 test.

4modulePricing

5 hours of theory, 5 hours of practice (4 webinars, 4 tasks, 1 test)

Theory:

• Setting pricing objectives.
• Types of costs
• Pricing method Cost methods pricing
• Market pricing methods
• Conclusions on the analysis of pricing methods
• Price elasticity of demand
• Parametric pricing methods

Practice:

• 4 tasks
• 1 test.

5moduleBudgeting; types of budgets; general budget. Responsibility centers.

6 hours of theory, 4 hours of practice (7 webinars, 2 tasks, 1 test)

1. Budgeting, types of budgets, general budget.

Theory:

• Budget and types of budgets.
• What is budgeting
• Factor analysis of cost by cost items

Theory:

• The essence of the CFD, their role, advantages and disadvantages.
• Financial responsibility centers and their main indicators
• Cost Center Accounting

Practice:

• 2 tasks
• 1 test

6moduleFinancial control: financial performance indicators. Financial control tools: flexible budget and transfer pricing

6 hours of theory, 4 hours of practice (7 webinars, 3 tasks, 1 test)

1. Financial control: financial indicators activities.

Theory:

• System financial ratios.
• Operational analysis indicators
• Operational cost indicators
• Asset Management Performance Indicators
• Liquidity indicators
• Indicators of profitability (profitability)
• Capital structure indicators
• Debt service indicators
• Market indicators

1. Tools financial control: flexible budget and transfer pricing

Theory:

• Flexible budgets and control.
• Transfer pricing
• Essence, necessity and goals of transfer pricing
• Factors affecting transfer pricing
• Transfer pricing mechanism based on market price
• Pricing based on market prices
• Types of pricing based on full and marginal costs
• Other types of transfer pricing

Practice: 3 tasks and 1 test.

7modulesegment reporting. Management control: non-financial performance indicators.

6 hours of theory, 4 hours of practice (3 webinars, 2 tasks, 1 test)

1. segment reporting.

Theory:

• The role of segment reporting on a real example.
• The procedure for forming a segment management reporting

Theory:

• Internal non-financial indicators.
• External non-financial indicators.
• Relationship between financial and non-financial indicators

Practice:

• 2 tasks
• 1 test.
• 1 assignment from the teacher.

8moduleDevelopment of the management control system: balanced system of performance indicators.

3 hours of theory, 6 hours of practice (1 webinar, 6 tasks, 2 tests)

Theory:

• The goals of developing a balanced scorecard (Balanced Scorecard, BSC).
• The content of the balanced scorecard
• Standard project for the development of a balanced scorecard
• Usage financial analysis within the balanced scorecard

Practice:

• 6 tasks
• 2 tests.

9moduleFinal control work. Mock exam.

• Module 9 is an analogue of the future online exam:
• consists of a test (20 questions of 2 points each, maximum score - 40 points, automatically checked and scored)
• and tasks (4 tasks, maximum total score - 60, checked by the proctor).
• As in the exam, you need to score a total (for the test and assignment) of 60 points out of 100 possible

Leave your email and we will send you a detailed training program so that you receive full view about what awaits you on the course!

teachers

Each teacher of our courses is an expert practitioner in his field. Their knowledge and experience are in demand among eminent and respected clients and employers. Their qualifications are confirmed by many certificates, attestations, diplomas, as well as successful cases.

Natalia Trofimova

tutor of the Financial Academy "Active". Budgeting and management accounting consultant. Diplomas: CIMA Dip PM (Rus).

• 

  Renata Korshikova

  tutor-methodologist of the Financial Academy "Active". Candidate of Economic Sciences. Financial management expert and strategic management IFA level. IPFM accredited trainer for the program "International Standards financial reporting". Accredited teacher of BEA. Teacher of programs on P(S)BU of Ukraine and IFRS at the DipIFR-rus level.

  Specialization

  • accounting policy
  • accounting and reporting international standards financial reporting and accounting
  • Management Accounting
  • conducting master classes and webinars on accounting, tax accounting, FEA, development of programs, teaching materials and presentations.

• Julia Voistinnykh

  tutor of the Financial Academy "Active". Head of Corporate Reporting Department at Pronto Media Holding. Lecturer with experience in Lomonosov Moscow State University, Moscow Business School, Association of Additional Professional Education, International Financial Academy.

  Specialization

  • preparation of financial statements in accordance with IFRS
  • management of audits on general and tax audit of enterprises in various industries (manufacturing, construction, foreign economic activity, trade, services)
  • verification of the work of the audit team members
  • writing reports on the results of inspections, developing recommendations for eliminating identified violations
  • preparation of audit reports
  • development, implementation, updating of systems of internal standards and methods for general audit, tax audit, due diligence
  • development of a methodological framework for special audit engagements
  • developing and conducting lectures and seminars for company employees and for third parties audit companies on external and internal audit, accounting and tax accounting

We are trusted

Payment for the training

You can pay for tuition using bank card in any electronic currency, mobile commerce services (MTS, Megafon, Beeline), through Internet banking of the leading banks of the Russian Federation, through ATMs, instant payment terminals, as well as using the iPhone application using the link of the ROBOKASSA service, which you will receive from a personal consultant.
You can also pay the bill at any branch of the Russian bank.
Tuition can be paid in instalments. All the conditions will be told to you by the managers of the academy.

Good to know the answers

How do I know if this course is right for me?

Everything is simple. Register and take the first lesson of the course for free to find out how everything works and whether this learning format is right for you. If you like everything - conclude a contract for training, pay for it and continue to study. If not, ask our managers for advice, they will help you find the best program advanced training.

How can I prove that I am your student? Do you provide any documents about your services?

Before the start of training, we conclude relevant agreements with all our students.
At the end of the training, we issue certificates of work performed (for legal entities), and for individuals - relevant diplomas and certificates.

Is it possible to get a personal income tax refund after your courses?

Each of our students is entitled to a refund of income tax on education, in accordance with the legislation of the Russian Federation, after receiving educational services. Complete training at any course of the Asset Financial Academy and return 13% of its cost. If you pay for any of our online courses on your own, as individual, you can reduce personal income tax calculations for yourself (in accordance with paragraph 2 of article 219 of the Tax Code of the Russian Federation). The cost of your chosen course will be deducted from total amount your taxable income. To do this, you must submit a package of documents to the tax office. Check with managers for details of personal income tax refund.

What is a distance learning system?

The distance learning system (LMS) is an educational environment where all educational materials for courses are stored, webinars and consultations with lecturers, tests and exams for diplomas are held. Access to the LMS is available to all students who have registered for a trial lesson ( limited access), or paid for the course (full access).

What is a student's personal account?

Personal Area student - personal territory of the student, which is available only to him and the portal administrators. The classroom contains educational materials (webinars, electronic handouts, lecture notes, tests, problem books, study guides) and a chat for consultations with the teacher.

Can I download course materials?

Course students can download and print workbooks and handouts for webinars, as well as abstracts and task books that are sent by the portal administrators by mail for study. They remain at your disposal even after the access to the course is closed. Webinars are the intellectual property of the Aktiv Financial Academy and are not available for downloading and storing records by students outside the distance learning system. Upon completion of the course, access to all educational materials, except for the first module of the course, is closed.

What should I do if I miss an online class?

Can training be suspended?

Our listeners are practitioners, they also have jobs at work, unplanned business trips and other unforeseen situations.
Therefore, training in any of our courses that includes online interaction between students and the teacher can be suspended for 10-20-30 days ( maximum term). To do this, you need to specify the reason and term for suspending training for portal administrators.

What should I do if access to the course has expired or is ending, and I have already spent all the suspension days?

If access to a course is coming to an end and there are no more suspension days left, you can renew access to the course at any time. The service of extending access to the course is paid. To order it, you need to contact the administrators of the distance learning system or your personal manager.

If I fail the IPFM exam, what should I do?

According to inexorable statistics, 80% of our students successfully pass the IPFM exams on the first try. In this they are helped by the IPFM mock exam at the end of the course and consultations of teachers. If you still manage to fail the official exam, retries are unlimited. To retake the exam, you will need to register for the exam and pay a fee.

Individual approach to listeners

• managers help the student choose a course of study, taking into account his wishes, work experience and opportunities professional development.
• depending on the initial training of the student, basic and advanced training courses are offered, allowing you to gradually master the disciplines.
• for those who want to get an in-depth professional education managers offer individual training formats, taking into account the time constraints of students.

Technical equipment

• training is conducted on a specialized educational portal of the National Research University Higher School of Economics, which allows the student to study anytime and anywhere using any modern gadgets.

Copyright medicinal- teaching materials

• contain full information necessary for the study of this discipline: lecture notes, examples and cases illustrating the features of the application of the studied technologies in practice
• Each course has video tutorials on the most difficult topics.

Accompanying the learning process

• Each course is taught by an experienced teacher-practitioner, who promptly advises students on issues of interest to them.
• the course administrator helps the trainees solve any technical questions organization educational process, provides prompt contact with the teacher, draws up documentation on the educational process.

Step by step knowledge control

each course of study is divided into topics, the study of which is carried out in accordance with the approved schedule,

on the basis of the results of studying each topic, in order to continue training, it is necessary to complete control tasks,

• the teacher gives detailed comments and recommendations to students on the answers received.

Education document

Certificate of advanced training of the standard established at the National Research University Higher School of Economics.

Only private lessons. Call and sign up!

The training center "GTsDPO" in Moscow invites you to courses in management accounting. Theory and practical development of methods of effective budgeting and budget management.

The course is taught in individual mode. The cost is indicated for 1 lesson (4 academic hours). You can agree on the number of classes and the time of training with the managers of our center.

Course objective:

• to acquaint with the basic principles of financial technologies, algorithms for building a highly effective management system financial accounting, next to others important aspects and good examples from practice;
• develop the skills of obtaining reliable information about the profitability of a business, managing the budgeting system, making competent decisions on pricing;
• to teach the accounting methods used to make strategic and short-term management decisions.

Target audience of the course:

• heads of companies and financial departments;
• entrepreneurs;
• financial managers and commercial service managers;
• economists;
• chief accountants.

Learning outcomes:

• understanding the role and place of management accounting in the company's management system;
• the ability to evaluate different types of costs and analyze what impact they have on financial results;
• the presence of deep professional skills in planning the budget of an enterprise, introducing a system of standard costs;
• possession of methods of pricing and costing of production processes.

This course of lectures practical exercises on budgeting and management accounting will allow you to become a competent specialist in the field of optimization and business management. We will be happy to share our knowledge and experience with you!

Course Curriculum

Topic 1

The essence of management accounting. Basic terms and concepts.

Theme 2

Cost classification. Systems and distribution and cost accounting.

• Problems arising in the distribution of costs.
• Basic terms and concepts.
• Examples, practical tasks.

Theme 3

Production cost calculation systems.

• Custom costing.
• Process costing.
• Practical tasks.

Theme 4

Costing with full allocation of costs and costing by variable costs.

Theme 5

Accounting for standard costs and analysis of deviations.

• The concept of standard costs.
• Analysis of deviations as a means of control.
• Flexible budget.

Practical tasks.

Theme 6

Analysis "costs - volume of production - profit".

• Break even.

Practical tasks.

Theme 7

Planning, drawing up estimates (budgets), monitoring and evaluating performance.

• Preparation of the main estimate (budget).
• Forecast of financial statements.
• Movement budget Money.

Practical tasks

Theme 8

Making pricing decisions.

• Basic terms and concepts.
• Practical tasks.

Topic 1. Appointment of management accounting and its organization in the company

1.1. The concept and objectives of management accounting. Organizational structure management accounting and its place in the accounting service.

1.2. The concept and types of responsibility centers: preparation financial structure enterprises. The main internal regulations of the company.

Topic 2. Costs and their role in making management decisions

2.1. Cost classification:

• by role in production;
• depending on production volumes;
• relevant costs, etc.

Topic 3. Methods for estimating and accounting for costs

3.1. Absorbed cost method and marginal cost accounting method.

• Overhead distribution ratios. Marginal profit. The difference between the method of absorbed costs and margin method. The marginal approach is the basis for management decisions.
• CVP-analysis: the relationship of profit, sales volumes and costs; break-even point and optimization of production volumes.

3.2. Application of the standard accounting method:

• standards for direct production costs;
• production overhead rates;
• accounting for deviations of actual costs from standards;
• analysis of deviations for the purposes of making managerial decisions;
• preparation of an operational report (reconciliation of standard and actual profit).

3.3. Production cost accounting and product costing:

• custom method of costing; custom method in the service sector; project accounting;
• process method of costing;
• accounting for life cycle product;
• cost accounting for modern system production (value-added activities, quality costs).

3.4. Cost allocation:

• overhead allocation methods: traditional allocation methods and ABC (distribution by function);

Topic 4. Pricing in the management accounting system

4.1. Costs as the basis of pricing:

• calculation of prices based on full costs;
• price floor and relevant costs.

4.2. Transfer pricing:

• the concept and purpose of transfer prices;
• centralization and decentralization in the management of company divisions;
• methods for calculating transfer prices.

Topic 5. Planning the company's activities

5.1. Planning basis:

• plans and forecasts;
• basics strategic planning; balanced system key indicators;
• making management decisions in the planning process (planning optimal purchase volumes, changing the product range, terminating activities, expanding activities, etc.);
• operational planning, adjusting plans.

5.2. Planning Methods

• incremental planning;
• planning from scratch;
• fixed and flexible budgets.

5.3. Comparison of planned and actual indicators:

• management accounting reporting (financial and non-financial reports);
• management accounting data and financial statements in accordance with IFRS. A practical guide to presenting management comments.

5.4. Investment planning:

• plan concept capital investments. Its main indicators;
• methods for evaluating the effectiveness of capital investments:
  • payback period of capital investments;
  • net present value method of an investment (calculation of net cash flows, choice of discount rate);

5.5. A cross-cutting example of the preparation of planning documents conditional enterprise.

Topic 6. Fundamentals of financial analysis of the company's performance

• detailing financial reporting indicators, taking into account the tasks of management accounting;
• horizontal and vertical analysis of financial statements;
• calculation of key financial ratios based on reporting of the conditional enterprise and identification of problems and strengths companies on the basis of the obtained indicators.

Numerical examples are given for each section of the program

Practical Course in Management Accounting
(cost accounting and budgeting)

The Management Accounting course examines cost issues in the managerial aspect, cost accounting, budgeting basics, break-even point calculation, marginal and managerial analysis, and pricing.

Who is the management accounting course for?

• economists, accountants, managers who do not have knowledge/skills in this area, but plan to engage in in-house accounting and reporting;
• those who have any disparate knowledge in this area and would like to systematize them for successful practical application;
• those who already have some skills in the field of management accounting and wish to improve their knowledge and receive an international diploma confirming their qualifications.

As a result of the course you will:

Know: the main methods of management accounting are costing, costing, the basics of budgeting and management analysis.

Be able to: apply the acquired knowledge in practical situations (on 53 examples, 62 tasks, 98 tests, a large intermediate test and control task at the end of the course).

Have: skills in management accounting, management analysis and pricing, and an international diploma "Cost Accounting" confirming the qualification.

Classes are taught by an IPFM-accredited teacher in management accounting with international qualifications. Project manager for setting up management accounting in large companies.

You can choose training options:

• group training in classrooms training center;
• individual form of education;
• corporate training .

Course duration :

48 academic hours of full-time classes + 20 hours of self-study practical work outside the classroom to complete assignments and exercises.
Schedule of the next groups (open dates are marked in green):

(*) Classes in the Daytime groups are held in a remote (online) format.

Document at the end of the course Management Accounting:

Based on the results of the written control task at the end of the course, a personal certificate is issued from the UC "Panorama" on the completion of training in Russian and English.

This course of study corresponds to the program of the Institute of Professional Financial Managers Great Britain (Institute of professional Financial Managers - IPFM) on qualification "The Diploma in Cost Accounting" - DipCA.

This allows students who have completed training and passed to receive the IPFM diploma "The Diploma in Cost Accounting" - DipCA.

There are no prerequisites for admission to the exam candidates, such as work experience.

Cost of education:

24,000 rubles (for individuals) and 26,000 rubles (for legal entities).
It is possible to pay in installments for the duration of the course.

Registration fee for the IPFM DipCA exam: 6,000 rubles (for individuals) and 7,000 rubles (for legal entities).

Included in the tuition fee tutorial more than 200 pages, developed by the teachers of the EC "Panorama". Additional teaching materials are provided free of charge in electronic form, through the course support page on our website.

Topic 1. The essence of management accounting.

1.1. The concept of management accounting
1.2. Users of account information
1.3. Differences between managerial and financial accounting
1.4. Production accounting and management accounting
1.5. Management process and the role of the accountant in management process
1.6. Practical tasks

Topic 2. Classification of costs.

2.1. The concept and purpose of costs
2.3. Decision costs
2.4. Costs in terms of planning and control
2.5. Practical tasks

Topic 3. Accounting for the cost of materials and wages.

3.1. Material Accounting
3.2. Accounting for labor costs
3.3. Practical tasks

Topic 4. Accounting for overhead costs.

4.1. The need to allocate overhead costs
4.2. Overhead allocation rates
4.3. Accounting for over- and under-allocated costs
4.4. Practical tasks

Topic 5. Custom costing.

5.1. Characteristics of order costing
5.2. Basic approach to order costing
5.3. Actual and normal costing
5.4. Contract costing
5.5. Practical tasks

Topic 6. Process costing.

6.1. Characteristics of process costing
6.2. Counting equivalent units
6.3. Distribution of production costs without residual WIP
6.4. Distribution of production costs, taking into account the balance of WIP
6.5. Practical tasks

Topic 7. Planning and budgeting.

7.1. Preparation of: sales budgets, production budget, inventory budget, payroll budget, overhead budget, budget for commercial and administrative costs
7.2. Financial Statement Forecast
7.3. Practical tasks

Topic 8. Normative costing and analysis of deviations.

8.1. Performance monitoring and evaluation
8.2. Types of deviation meters
8.3. Calculation of deviations
8.4. Causes and interdependence of deviations
8.5. Practical tasks

Topic 9. Costing and marginal income.

9.1. Difference between full allocation costing and variable costing
9.2. Comparison of the profit impact of full costing and variable costing
9.3. Arguments in support of costing with full allocation of costs and variable costs
9.4. Practical tasks.

Topic 10. Analysis "Costs - volume of production - profit".

10.1. Break-even point and target profit.
10.2. Margin (edge, range) of security
10.3. Operating lever(operating leverage, operating gearing)
10.4. Assumptions made in the cost-production-profit analysis
10.5. Practical tasks

Topic 11. Distribution of costs of complex production.

11.1. Basic concepts of complex production
11.2. Complex cost allocation methods
11.3. Accounting for by-products
11.4. Practical tasks

Topic 12. Making decisions on pricing.

12.1. Key Factors Influencing Pricing Decisions
12.2. Cost-plus pricing
12.3. Target Pricing
12.4. Special Order Pricing
12.5. Practical tasks

Topic 13. Capital budgeting.

13.1. Goals and stages of capital budgeting
13.2. Undiscounted capital budgeting methods
13.3. Discounted investment valuation methods
13.4. Practical tasks

Topic quizzes:
1. The essence of management accounting
2. Cost management
3. Accounting for the cost of materials and labor
4. Accounting for overheads
5. Custom costing
6. Process costing
7. Preparation of the main budget and forecast of financial statements
8. Monitoring and evaluation of performance
9. Costing with full allocation of costs and variable costs
10. Analysis "costs - volume of production - profit"
11. Cost accounting of integrated production and by-product
12. Making pricing decisions
13. Capital budgeting

Practice exam.

Independent performance of practical tasks on all topics of the course. Checking work by the teacher. Analysis of errors and discussion of results.

Qualifying exam.

The duration of the exam is 3 astronomical hours. Passing score - 60 out of 100. The exam is in writing. Exam tasks include:

• theory testing and computational microtasks;
• large tasks for calculating the benefits (losses) on orders;
• tasks for budgeting sales, purchases, cash flow;
• tasks drawing up a management cost report, profit and loss statement.

The results of the exams, including the issuance of diplomas, will be received no later than 4 weeks from the day of the exam.

• You will learn more complex issues of cost accounting, pricing and budgeting in the course Managerial Accounting 2 - "Managerial Accounting" (DipMA).
• All modern techniques budgeting are reviewed at