Management Accounting Excellence

Investment appraisal aids decision-making when choosing capital projects that add value to an organization. This course demonstrates techniques to track the financial performance of an organization.

By attending this course, finance teams will recognize how the need to change is constant.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Investment Appraisal for Capital Decisions

• Methods of investment appraisal
• Non-financial aspects of investment appraisal
• Risk in investment appraisal
• Financial management of capital projects

Measuring Financial Performance

• Comparison of performance to budgets
• Accounting for responsibility
• The importance of performance indicators
• The Balanced Scorecard

Changing Nature of Managerial Accounting

• Roadmap for finance effectiveness
• From tangibles to intangibles
• The stakeholder model of an organization
• Beyond budgeting

Understanding Financial Data Analytics

• The properties of data
• Steps in the analytics process
• How organizations use analytics

Course Review

• Summary and recap of key learning objectives
• Action Planning

This course is suitable for:

• Those who wish to extend their understanding of the management accounting function to a more strategic level.
• Finance staff who are in a position to make managerial decisions.
• Non-financial staff who need to understand the accounting function at a strategic level.

Upon completion of this course, you will understand:

• The investment appraisal process and its management.
• Why and how measuring performance answers the question did we achieve what we set out to achieve and how do we spot warning signs on the way.
• How and why finance teams need to question and enhance the relevance of their function.
• How to implement an Action Plan at your workplace using the knowledge and skills acquired through the course.