Management Accounts

Most business managers know the importance of finance in a business but fewer are aware of the potential that management accounting have. It can transform the accounting process into an opportunity to protect, improve, expand and optimise the business.

Business managers look at accounting as merely the process of recording profit and loss. However they should appreciate that management accounting presents to them and their staff with an enormously powerful set of information and tools with which to make critical decisions through the use of product costing, budgetary control systems, and performance evaluation systems for planning, coordinating, and monitoring the performance of a business.

This course will present to you a series of tools that can be used in preparing management accounts and how these management accounts can be best prepared and interpreted.

The Speaker

Stephen Fenech main areas of business are management, finance and sustainable energy. Stephen holds a Henley Master of Business Administration and a Master of Science in Sustainable Energy from the University of Malta. Stephen began his working career in 1992 in Finance as a group financial controller for a number of leading local companies and foreign owned companies. These companies operated in various sectors such as construction, manufacturing, tourism, service providers and retail. Following this experience Stephen decided to move to management and after graduating from Henley UK in 2006 he moved to organisational management for a local cruise company. Later he joined a leading renewable energy company in the post of a GM. This was at the time when this industry started to grow at a very fast rate. Stephen furthered his expertise by completing an MSc in sustainable energy in 2013. Currently Stephen is an independent consultant working in the field of management, business and renewables. He is also lecturing up to Masters level for 3 reputable management schools in subjects such as Finance, Economics, Business Mathematics, Marketing and Project Management. He is also a member of the Malta Institute of Management, Chamber of Engineers, Malta Energy Efficiency and Renewable Energies Association (M.E.E.R.E.A.) and Henley Alumni.