AICPA Partners with SCORE to Support National White House Initiative

AICPA Partners with SCORE to Support National White House Initiative

Fundamentals of Management Accounting

Fundamentals of Management Accounting
To make it in business, you have to show that you mean business. For a management accountant, the best way to do that is by completing the five set papers and qualifying for membership of the Chartered Institute of Management Accountants (CIMA). Employers looking for skills in strategic and financial management know that CIMA membership is a sign of high level skills that go beyond pure accountancy. You'll be equipped to do business in today's dynamic corporate world, and take your career to the heights it deserves.

Course overview

Do you want a high level career in business? Why do accountants need advanced business skills? How can a knowledge of accounting help in management roles? Roles in business are far from cut and dried these days. With strategic thinking, management skills and a grasp of financial principles essential for any senior level role, both accountants and managers need qualifications that demonstrate a comprehensive grasp of all levels of business.
This course forms the first step of your five-paper progression to membership of the Chartered Institute of Management Accountants (CIMA), and is exactly the qualification that corporate employers seek when recruiting high level positions. Internationally recognised and highly regarded in business, CIMA membership shows that you're serious about your career, and demonstrates your advanced understanding of the strategic and financial elements of successful business practice.
In this course, you'll gain a through grasp of the principles of management accounting, studying a wide range of subjects, from the basics of cost accounting to budgetary planning and control. You'll learn to look at business from a wider perspective and, crucially, make vital decisions that could ultimately result in considerable success for your business.

Pre-requisites

You don't need any previous experience or qualifications to enrol in our CIMA courses. That's because we believe in making home study - and a rewarding future - as accessible as possible. However, you will need a good standard of maths, and a solid grasp of English.

Benefits and features

Because we're experts in home learning, ICS knows about and offers all the support you need along the way.  You'll receive study materials that have been specially designed for distance learning, and have access to tutors both online and over the phone.
You'll also be part of the ICS Online Student Community, where you'll have access to library materials and your account information, as well as vital links with your fellow students.

CashManager 2011 – Accounting Software So Easy, You Can Use it With Your Eyes Closed

CashManager 2011 – Accounting Software So Easy, You Can Use it With Your Eyes Closed

New Software From Daceasy

 

DacEasy Accounting Version 2011

DacEasy made history as the first company to offer affordable accounting software for the small business. Although DacEasy is now part of Sage Software, Inc., the world's largest supplier of business software for small-to medium-sized businesses, the DacEasy philosophy of offering powerful easy-to-use software at an affordable price hasn't changed. DacEasy and Sage are committed to helping you grow your business.

Take the DacEasy 2011 tour Click on the link below 

 

http://daceasy.com/products_and_services/features_tour/

When the tour is over, click your browsers back button

DacEasy module toolbars have received a much-needed facelift, providing you with more intuitive access to commonly used commands.Program icons have been given an updated look to represent the integrated relationship among the modules. In addition, the DacEasy interface supports the appearance conventions of the most current Microsoft® Windows® operating systems.
Easier to see and understand data fields
Using DacEasy 2011 is easier and more intuitive than ever before, thanks to a number of usability enhancements.Lookup buttons are now located right next to applicable fields, making it much clearer when users can access Lookup dialog boxes and select from validation data. DacEasy 2011 also introduces grid-view watermarks, so it’s easier to identify what data should be entered in a field, even if it’s several lines below the grid header. Scroll bars have also been added to various grid views, so you can easily see all items in a grid box without tabbing.
The fresh look of DacEasy 2011 by Sage is the first sign of the remarkable changes that have taken place in your DacEasy software.Your DacEasy software has undergone a noticeable facelift over the past year, resulting in a product that is easier to use than ever before. DacEasy 2011 is a culmination of months of development and collaboration not just with the Sage development team, but also with customers like you. Our goal was to ensure the new look and feel of DacEasy 2011 is not just attractive, but also highly functional and intuitive. We’ve enhanced numerous features to help streamline your business practices so you can focus on running your business.
Enhanced Usability
Modernized look and feel
As soon as you open DacEasy 2011, you’ll notice its updated, more modern look. As you navigatethrough the Business Center and other modules,you can appreciate the change in appearance without any effect on your business processes. Our goal was to update the interface without disrupting your use of the product.The DacEasy module toolbars have received a much-needed facelift, providing you with more intuitive access to commonly used commands.
Program icons have been given an updated look to represent the integrated relationship among
the modules. In addition, the DacEasy interface supports the appearance conventions of the most current Microsoft® Windows® operating systems.
Easier to see and understand data fields Using DacEasy 2011 is easier and more intuitive than ever before, thanks to a number of usability enhancements. Lookup buttons are now located right next to applicable fields, making it much clearer when users can access Lookup dialog boxes and select from validation data. DacEasy 2011 also introduces grid-view watermarks, so it’s easier to identify what data should be entered in a field, even if it’s several lines below the grid header. Scroll bars have also been added to various grid views, so you can easily see all items in a grid box without tabbing.
Confidence your payment processing system is in compliance
Payment Card Industry Data Security Standards (PCI-DSS) now require that merchants must be certified in order to process, store, and transmit credit card data. Part of this certification is the use of Payment Application Data Security Standard (PA-DSS)-compliant software when performing integrated credit card processing. DacEasy 2011 gives you peace of mind by providing Sage Exchange to process credit card and debit card transactions. Sage Exchange not only provides you with a compliant solution, but also the flexibility to use multiple merchant account providers to process your credit card transactions. Compliance and choice, a winning combination.
The DacEasy Business Center now opens to the Workflow Guides view by default. Once there, simply click on a workflow guide to access it and to be guided through the procedures within the workflow. The DacEasy Business Center also displays reports relevant to workfl ow activities.
More room to write
If you previously felt limited by the 30-character limit in DacEasy descriptions on Quotes, Orders, Invoices, and Sales Receipts, you’ll appreciate the expanded description fields available in DacEasy 2011.You can now enter up to 1,024 characters in the description fields in the Accounting, Order Entry, and Point of Sale modules: Fields will automatically expand to accommodate the text.
Simplified Business Processes
Easily access common tasks and relevant resources using a new workflow tool It’s now easier than ever to use DacEasy. DacEasy 2011 includes an enhanced workflow feature that can walk you through 16 common business processes. These workflow guides include:• Vendors and Purchasing
• Inventory and Pricing
• Customers and Sales
• Orders and Shipping
• Employees and Payroll
• Payroll Month End
• Payroll Quarter End
• Payroll Year End
• Daily Sales
• Banking and Financials
• Period End
• Period Year End
• Company Setup
• Table Setup
• Defaults
• Records
Access key performance data from a single reference point
Now you can see all of your dashboard information from a single screen. New in DacEasy 2011, you can see all fi ve dashboards—Bank Accounts, Sales, Customers, Vendors, and Products—in a
single dashboard for at-a-glance access to the data you use most.From this location, you can drill into your data for more information.
Easily install DacEasy on Windows Vista®,Windows 7, and in 64-bit environments
Many DacEasy customers have started to purchase new hardware that includes 32-bit processors with Windows Vista, and more commonly 64-bit processors and Windows 7. For DacEasy 2011,we have updated the installer and tested the software to ensure you can take advantage of these newer operating systems.Format reports your way in less time Some customers told us they spent additional time reformatting Bank Reconciliation reports using Microsoft Excel®. You’ll appreciate the new detail bank reconciliation report available in DacEasy 2011. During the reconciliation process, you can choose to print the original summary bank reconciliation report,or the new detail bank reconciliation report. What’s more, you can choose to print this report at any time and for any date range in DacEasy 2011, so it effectively allows you to reproduce bank reconciliation reports at any time.

New Release Accounting Information

Posted: Friday 08 April 2011 by Naomi Smith

Replies : 1

Category: Management accounting, Strategic management / economics

Keywords: cost management, innovation, NHS, research

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On the 31st March the LSE played host to the 32nd annual meeting of the Management Accounting Research Group, founded by CIMA Past President, Professor Michael Bromwich and sponsored by CIMA’s General Charitable Trust.

The theme for the day, which brought together leading academics and practitioners, was Cost Management Strategies and there was a strong focus on the UK's National Health Service. This was particularly fitting because the 31st of March was also the NHS financial year end.

With the Health and Social Care Bill currently working its way through the UK parliament, it was very timely to be discussing strategic cost management within the NHS. Professor John Cullen of the University of Sheffield kicked off the conference by reminding us how management accounting can act as a driver for innovation.

He presented a case study which demonstrated how management accountants had facilitated the introduction of Foundation Units within a Foundation Trust. Once awarded with Foundation Unit status, those organisations are allowed to retain up to 80% of their surplus, giving them the autonomy to create pioneering treatment for patients.

CIMA Council member, Robin Bellis-Jones of Bellis-Jones Hill Healthcare Management Solutions, led the afternoon session and opened it by sharing some key facts about the NHS:

•  £9bn annual turnover in 1948 (at today’s value)
•  £100bn+ annual turnover now
•  1 million patients treated every 36 hours
•  10,000 GP practices

Given the size and complexity of the NHS and the practices, hospitals and trusts which constitute it, Bellis-Jones called for an activity based costing approach that can address all aspects of service line reporting and patient level costing.

He urged delegates to read the CIMA sponsored research undertaken by Imperial College which found that ABC analysis of cost behaviour in the NHS is a tool providing so many attractions that it far outweighs the cost of implementation.

Over the weekend the press widely reported that UK Prime Minister David Cameron was considering key changes to the Health and Social Care Bill. CIMA wonders if he was at the MARG conference too?