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Objectives

• At the end of the course delegates will be able to:
• Understand the concept of strategic management accounting and its application in a modern business environment
• Recognise the key tools used in strategic management accounting
• Appreciate the meaning and application of environmental management accounting and key tools used
• Utilise the concept of beyond budgeting and its application
• Implement customer profitability analysis to improve business performance
• Understand the meaning of advanced performance management and the development of appropriate performance metrics.

The Delegates

• This course is relevant to both senior financial and non-financial managers.
• For those financial managers with more than 10 years post qualification experience, this course will provide them with a valuable update on the use and application of contemporary accounting techniques.
• For non-financial managers this course introduces them to the potential of management accountancy to help drive business performance.
• It is particularly useful for those managers wishing to understand contemporary approaches to performance measurement.

Contents

• Introduction to Accounting and Finance :
• What is Accounting and Finance?
• Who Needs Accounting?
• Framework of Accounting .
• Annual Reports and Accounts .
• Strategic Management Accounting
• Key concepts in strategic management accounting
• Using strategic management accounting to gain competitive advantage
• Case studies in strategic management accounting
• Environmental Management Accounting
• Environment Management Accounting and Corporate Social Responsibility
• Tools used in Environmental Management Accounting
• Case studies in Environmental Management Accounting
• Understanding the Accounting Process
• Define the Five Types of Accounts
• Asset , Liability , Equity , Revenue , Expense .
• Explain the Accounting Process from transaction Entry to Closing the Books
• State the Significance of Double-Entry Accounting
• Determine the Impact of Different Types of Transactions on the Accounting System
• Beyond Budgeting
• The restrictions of traditional budgeting
• Beyond budgeting and its impact on management approach
• Case studies in beyond budgeting
• Customer Profitability Analysis
• The concept of customer profitability analysis and its use in business
• Tools and techniques in customer profitability analysis
• Case studies in customer profitability analysis
• Advanced Performance Management
• The importance of effective performance management
• Tools used in advanced performance management
• Case studies in advanced performance management
• Financing the Business
• Discuss the Role of Leveraging in Improving Return to the Shareholders
• Discuss the Role of Short-Term Financing in Meeting an Organization’s Financial Needs
• Differentiate Between the Various Long-Term Financing Alternatives and Understand Their Impact on the Business
• Identify Appropriate Financing Alternatives from Different Types of Business Needs

The Discount

10% in case of Three P. (or more)