The CFO as the VITAL business partner (Virtual Classroom)

Introduction

This virtual workshop is part of our series on Business and Accounting Strategies in Uncertain Times. The series is made up of six events which are designed to work as stand-alone events, or as a full series.

• 0072v: The CFO as a VITAL Business Partner - 1 session
• 0073v: Rapid Business Strategy Refresh - 2 sessions
• 0074v: Rapid KPI Development - 2 sessions
• 0076v: Activity Based Costing Workshop - 2 sessions
• 0077v: Zero based Budgeting and Cost Control - 2 sessions
• 0078v: Managing Change and Realising Benefits - 1 session

You can learn more about our virtual, online courses and how they work on our course FAQ page. Or view our Virtual Classroom schedule to see what else is being delivered live in our online classrooms. If you don’t see the management accounting training topic, you are looking for, or if you would like an online classroom in another time zone, please tell us.

This online Management Accounting training is being delivered live in a single 4 hour session which runs from 13:00 – 17:00 London (UK).

Rising to the challenge of the new decade is going to need everything the finance leader can bring to the table. The 2020s are bringing an unprecedented rate of change, and you are right in the middle of it. It’s going to require every business skill you’ve learned and quite a few new ones too. This interactive one-day programme takes the lid off the skills you will need.

On top of this change, the Covid-19 pandemic has brought a whole extra set of challenges. What will this mean to you and your business going forward?

The course provides a broad overview of skills you need to lead your business team through a range of challenges the business faces in the 2020s. We look at why financial statements and the underlying accounting systems don’t provide the most useful information for decision making and consider what you need in addition. We consider why an economic rather than an accounting model of the business can provide the financial information the management team really needs. We look at the role of the finance professional in setting strategy and business plans and consider why a clear strategy and business plan is vital to just about everything you do. Continued business growth is vital these days and we look at the levers ay your disposal to influence the bottom line and not just report it.

At the end of this seminar you will have:

• an overview of the challenges facing the finance leader and his team in 21^st century
• gained an understanding of your own preparedness to meet those challenges
• identified the priorities for your own development
• identified the areas where your business could benefit most
• understood the conversations that need to take place between you and the business team

Learning Objectives

• To understand the challenge for finance in a rapidly changing world
• To understand the wide variety of skills that are needed to be a visionary finance leader
• To understand the need for agility in the new world
• To understand the problems and limitations of traditional accounting information, financial reporting and budget management
• To understand your role in setting strategy, and how strategy underpins just about everything you do.

Who Should Attend

• An established CFO - who finds themselves working closely with the CEO to adapt the business model for the new normal
• The first time CFO - who needs to grow into the strategic business partner role
• The future CFO - already no 2 in finance but running the back office and needs to change focus to be ready for the top job

Topics

• The 4 roles of the CFO
• Covid-19 and the impact on Finance
• How will the CFO evolve in the next 5 – 10 years
• VITAL not Functional
  • Vision and Strategy
  • Insight to the economics of the business
  • Team – supporting the CEO and C suite
  • Agent of business change
  • Learning and adapting to the new world
  • Strategic skills assessment

Teaching Method

• Group live instruction and illustrative examples
• Practical workshop exercises using the tools and techniques we teach to build targets and reduce cost in a fictitious business that faces many of the issues you will encounter in the real world.
• All participants receive comprehensive electronic course notes, including presentation slides, handouts and other course materials
• This virtual training is being delivered live and online over 1 session of 4 hours’ duration. They will run each day from 13:00 – 17:00 London (UK)

Instructors

Venue

CPE/CPD Accreditation

IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

 

Field of study: Accounting

Prerequisites

A solid grounding in financial management will be useful on this course.