Nowadays, a manager can’t afford to ignore the accounting knowledge.

However, a manager does not need to take an exhaustive, academic course in this field, only a two-week course is enough! The reason is simple: a leader/a manager learns accounting for managing purpose, not implementing purpose.

What is accounting? Is it a profession or a management tool? The right answer depends on who you are! It is a profession if you work in the accounting department. Meanwhile, it will be a tool for your “managing profession” if you are a manager.

Therefore, there must be a clear distinction between “accounting for accountants” and “accounting for leaders”.

It normally takes about 8 years to become a professional accountant, including 4 years studying in finance & accounting major in university and about another 4 years working as an accountant in a company to get hands-on experience in this field.

Now, if you are a manager and you have never had any academic courses in finance and accounting, then how long will it take you to learn and use accounting as a management tool?

The answer for the above question lies in the PACE’s training program “Accounting for Leaders”. The program takes you only 2 weeks (instead of 8 years) to acquire this essential management tool for your whole-life career.

TARGET PARTICIPANTS

Top-level managers and business leaders who are not accounting professionals.

PROGRAM OBJECTIVES

The program helps you understand modern accounting techniques and practices as tools to manage your enterprise more effectively.

TRAINING OBJECTIVES

After successfully completing the course, you will be able to:

Organize your accounting system;
Understand the role of the accounting department in business management;
Know what to expect of your accounting team;
Read, understand and analyze financial statements prepared by your accounting department;
Understand the relationship between accounting section and other sections;
Use auditing and accounting consultant service when necessary.

Part 1. Overview of Accounting

What is accounting; overview of the financial, tax and management forms of accounting;
Understanding the key differences among finance and accounting, CFO and chief accountant, auditing and consulting.

Part 2. Organizing and Managing of Accounting Tasks

Accounting staffs, accounting software, equipment for accounting department;
Division of work and responsibilities within accounting department;
Building internal audit system of accounting activities;
Division of work and responsibilities among accounting section and other departments within your enterprise.

Part 3. The Purpose of Accounting Information

Reading, understanding and analyzing accounting information - financial statements, tax reports, and so on - in order to fully comprehend your corporate financial situation, profitability and solvency;
Use accounting data for managing, especially management accounting information in the financial reports produced by your accounting department.

Part 4. Management Accounting

Definition, objectives and nature of management accounting;
Classification of internal reports;
Costs and cost classification;
Cost of goods sold (GOGS) and methods of GOGS calculation.

In-house workshops

In addition to the public training programs, PACE also offers in-house workshops which are tailored to the specific needs of each organization. Whether the goal is to prepare for a major change initiative or to build individual or organizational competency in a particular area...

Management consulting

PACE Consulting is one of PACE’s member companies. The consulting services include:

Consulting solution on Reinventing Corporate
Consulting solution on Corporate Culture
Consulting solution on Management System
Consulting solution on Excellent Factory
Consulting solution on KPI System
Consulting solution on Human Resources
Consulting solution on Capacity Frame
Consulting solution on Training Strategy
Consulting solution on Learning Culture

Business Knowledge Bookshelf

PACE Books compiles, selects, translates and publishes must-read books on business, management, economics, culture and education...

Accounting For Leaders

Program's message

Program's information

TARGET PARTICIPANTS

PROGRAM OBJECTIVES

TRAINING OBJECTIVES

Program's content

Part 1. Overview of Accounting

Part 2. Organizing and Managing of Accounting Tasks

Part 3. The Purpose of Accounting Information

Part 4. Management Accounting

In-house workshops

Management consulting

Business Knowledge Bookshelf