Key details
Mode of delivery: Classroom-based
Course code: AFB33B
Duration: 3 days
Fee: £2,755.00 + VAT
CPD Hours: 18
Course Overview
This course provides an overview of key financial management concepts, including investment appraisal methods that consider both financial and non-financial factors while managing risk and uncertainty. Participants will learn how to evaluate organizational performance by comparing results to budgets and understanding the importance of performance indicators. Additionally, the course explores the evolving role of managerial accounting, differentiating between product and service measurement, and incorporating beyond budgeting techniques for strategic financial management.
Agenda
Day 1 — Investment Appraisal For Capital Decisions
- The Different Methods Of Investment Appraisal
- Understanding Non-Financial Aspects Of Appraisal
- Considering Risk And Uncertainty In Appraisal
Day 2 — Measuring Financial Performance
- How To Compare Performance With A Budget
- Allocating Responsibility Of Objectives In An organization
- Understanding The Importance Of Performance Indicators
Day 3 — Changing Nature Of Managerial Accounting
- The Measurement Of Products Vs That Of Services
- The Role Of The Strategic Management Accountant
- Understanding How To Incorporate Beyond Budgeting
Course Review
- Summary And Recap Of Key Learning Objectives
- Action Planning
Target Audience
This course is suitable for:
- Management Accountants, Financial Analysts, and Finance Business Partners
- Finance Managers, Financial Controllers, and Business Unit Leads
- Strategic Planners, Business Analysts, and Corporate Performance Professionals
- Data Analytics, Business Intelligence, and Financial Data Professionals
- Risk, Investment Appraisal, and Capital Decision-Making Professionals
- Operations Managers and Business Unit Leaders linking finance with performance
- Budgeting, Forecasting, Beyond Budgeting, and KPI Management Professionals
- Professionals preparing for senior management accounting or finance strategy roles
Learning Outcomes
By the end of this course, you will be able to implement a successful strategy that enables you to:
- Apply different investment appraisal techniques to evaluate potential projects.
- Understand and incorporate non-financial factors in investment decision-making.
- Assess the impact of risk and uncertainty in investment appraisals.
- Monitor and compare actual performance against budgeted figures for accountability.
- Allocate responsibility for achieving strategic objectives across departments and teams.
- Understand the importance and application of key performance indicators (KPIs) in performance management.
- Distinguish between performance measurement techniques for products versus services.
- Describe the role of a strategic management accountant in modern organizations.
- Explore the concept of “Beyond Budgeting” and its relevance in agile financial management.
