Are you a senior financial decision maker? Or perhaps you aspire to be a future finance leader? As a finance leader in the 2020s you are facing a whole new set of challenges. AI and automation are upon us, new entrants and new technologies are disrupting every sector, and standing still isn’t an option. You are likely to be taking a leading role in business strategy and the business plan at a time when things are changing fast for your organisation, its customers and its employees. This puts you at the centre of business change. There’s a good chance it’s you that is driving automation and integration in your own business, and you need to find new ways of imparting financial information to your team, perhaps in real time, and successfully combining financial and operational data. Not a simple brief?
We’ve bundled together 3 of our most popular courses to give you the skills you need to properly support your business team. This 5-day course comprises an introductory day followed by 4 full days of interactive workshops designed to give you practical skills in business strategy and planning, scorecards and dashboard reports, zero based budgeting, forecasting, and cost management. You can implement these directly in your own organisation by running similar workshops with your own business teams. The workshops allow you the opportunity to try out techniques in a safe environment so that you can adapt and use them for the specific circumstances in your own organisation.
The event includes a one-day rapid development of a business strategy and business plan. This is Followed by a one-day rapid development of a scorecard or dashboard to report against the business plan. This gives a practical end to end methodology to go from setting strategic objectives to designing a working scorecard with practical measures you can use to keep the business on track.
We consider how to move beyond budgets to provide an agile financial management system that is focused on delivering the business strategy. When it comes to cost management no one tool is ever right for all circumstances so we look at a variety of tools to you can use to maintain a financially efficient and effective organisation, and a guide to when it is most appropriate to use each one. We also look at what happens when a business has a challenge to make a step change in its cost base and give a range of ways the finance business partner can help his team to take cost out of the organisation.
At the end of this course you will:
- Have practical methods you can take back to your business
- Be equipped to run workshops with your business to develop business plans; design strategic reporting; develop Zero based budgets; and to develop rolling forecasts
- Have learned to use a variety of tools that will allow you to use with your business team throughout the business planning cycle.
- Have a good working knowledge of the tools and techniques to take cost out of your organisation and when best to use them.
Please note that this course is one in a series of management accounting titles. See all related courses below: