This virtual workshop is part of our series on Business and Accounting Strategies in Uncertain Times. The series is made up of two Masterclasses, 1: Reshaping Strategy and 2: Implementing Strategy. Each Masterclass is made up of component modules. You can book a full 5 session class or chose individual modules.
This online management accounting training is being delivered live in 5 individual sessions which run on consecutive days. The sessions will run each day from 13:00 – 17:00 London (UK).
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 timezone, please tell us.
You need to reshape your business for the new normal. The strategy and business plan is in place, but how do you convert that into action. How do you make the changes happen that will deliver value in the new world? There’s never been more pressure on the CFO to deliver results.
Your organisation needs to deliver efficiently and effectively. You need to have control of costs, prioritise the right things and need flexibility to change tactics. As the senior finance leader, you need to be on your toes. You don’t just need to be an expert in accounting, you need to be an expert in business change too. You need to help and guide your fellow managers to spend wisely. In this 5 session course we go beyond budgeting to more effective and agile ways of managing cost.
Do you know who your most profitable customers are? Do you know the true cost of each of your products or services? Does your pricing reflect the full cost of serving the customer? What drives cost and value for money in your organisation?
This information is vital, especially as you build your strategy, but rarely available. The problem is that the information from your accounting systems is designed for external reporting and to meet tax requirements. There’s a big difference between accounting information and the true economics of the business.
We consider how to move beyond budgets to provide an agile financial management system that is focussed 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 CFO can help his team to take cost out of the organisation.
The course introduces the concepts of activity-based costing for the small and medium business and then develops these in a practical workshop teaching how to build and use costing models.
Over 5 days we investigate practical ways you can implement your new strategy. We look at:
At the end of this seminar you will:
- Have practical methods you can take back to your business
- Be equipped to run workshops with your business to develop Zero based budgets
- Have learned to use a variety of tools that will allow you to manage and control cost
- Understand how to rapidly assess cost and profitability of your products services and customers
- Be better equipped to manage business change