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Management Accounting Course

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Rapid KPI Development (Virtual Classroom)

Course Details

Code:0074v
Select a start date for more details
Virtual Classroom
17 Jun - 18 Jun 2021
Level
Intermediate
CPD
8 Hours
Time
13:00-17:00
Location
Virtual Classroom
Cost
£950.00
Subject to Online Tax From Web (Read more)
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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.

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 2 individual sessions which run on consecutive days. The sessions will run each day from 13:00 – 17:00 London (UK).

Are you navigating the new normal? Revising strategy and business plans? Do you keep the business on track to deliver? This 2-session workshop takes you through a practical approach to implement KPIs and a performance management system to keep your business team on track in the post pandemic world.

The challenge for the modern CFO is to be a visionary. To do this you need to be armed with the right tools and techniques. We know that besides setting plans and budgets that provide sufficient agility for the modern world is a big challenge, as is combining financial and operational data to report effectively. Our workshop takes you through a practical approach to developing metrics; and a performance management system to keep your business team on track to deliver.

This course comprises interactive workshops designed to give you practical reporting approaches you and your team can implement directly in your own organisation. 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.

You will learn how to rapidly develop a scorecard or dashboard to report against the business plan, including:

  • Practical end to end methodology to go from strategic objectives to a working scorecard
  • Portfolio of balanced indicators (Leading & lagging; financial & non financial)
  • Part of a management system focussed on taking action
  • Identifies key measurement points, things that make the biggest impact on the business result, and that the team can exert greatest influence on
  • How to turn the measurement points into working practical metrics with targets and owners

At the end of this seminar participants you will:

  • Have practical methods you can take back to your business
  • Be equipped to run workshops with your business to to design a strategic reporting framework
  • Have Learned to use a portfolio of tools and techniques including:
    • Cause and Effect modelling
    • Performance measure design
    • Running a performance management system

Learning Objectives

  • To understand how to work with your business team to develop and deliver business strategy and plans
  • To understand your role in setting strategy, and how strategy underpins just about everything you do
  • To understand the practical tools and techniques that are available to help you, and to get practical hands on experience of using them in a safe environment

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

  • Day 1 – What gets measured gets done
    • Introduction to the scorecard
    • Principles of effective measurement
    • Understanding cause and effect
    • Developing the performance management framework
  • Day 2 – Building the scorecard
    • Identifying the business drivers that are most important to delivering the strategy
    • Turning business drivers into practical measures
    • Setting targets
    • Visualising performance

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 2 individual sessions, each of 4 hours’ duration. They will run each day from 13:00 – 17:00 London (UK)

Instructors

The instructor for this course will be drawn from one of our core faculty of subject matter experts. Further details will be published at the earliest opportunity.

Venue

Our seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.

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.