Adding Value with Key Management Accounting Techniques

Quorum Training Ltd.
London, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' The central task of the management accountant has substantially changed in many organisations, moving away from providing routine information toward contributing to the strategic development of the business. The past decade has also seen significant developments in the techniques that are available and the ways in which they can be deployed. This course is designed to assist management accountants to develop their role as business and financial analysts by presenting the key developments that can be used to add value to the management process.

It examines a selection of developments in management accounting and performance management to give an overview of the battery of techniques that are now available to support the management process and implement strategic intent. Particular attention will be paid to methods of monitoring the creation of value as well as the incurrence of cost, and the role that these techniques can play in business development.

Programme

THE CONTEXT OF MODERN BUSINESS

Focus on the customer and client
Value creation strategies
Drivers of change
An overview of key developments in management accounting
VALUE-BASED MANAGEMENT

Value comes from customers
Strategic management accounting
The value to cost ratio
Value-based management
Demand management techniques
Economic value added
Monitoring value creation
COST MANAGEMENT

From ABC to overhead cost management
Product and customer profitability
Implications for cost management
Life-cycle and target costing
INTEGRATING COST AND VALUE INFORMATION (CASE EXERCISE)

PERFORMANCE MANAGEMENT

Implementing strategic intent
Frameworks for analysis
~ The ¡®levers of control¡¯
~ Balanced scorecard approaches
Developing robust performance measures
Some ’health warnings’
~ Dangers with incentives
~ Avoiding dysfunctional behaviour
Risk management
PERFORMANCE MEASURES (CASE EXERCISE)

IMPROVING BUDGETARY CONTROL

Issues with traditional methods
The ¡®Beyond Budgeting¡¯ movement ¨C principles and practice
Integrating budgetary control with performance management
Creating an adaptive organisation
CONCLUSIONS

The role of the accountant in adding value
Techniques and processes
...''

Phone:+44 (0)20 7388 2044

School Address:

Quorum Training Ltd,
Tavistock House,
Tavistock Square,
London WC1H 9TW

Jobs & Resumes: London
Houses & Roommates: London

Accounting for Financial Instruments
Major Differences in UK/US/IFRS Financial Reporting
European Accounting
Financial Reporting in the USA - US GAAP
Charity Accounting
Accounts of Housing Associations
RSL Finance
Tax in Company Accounts
Mergers and Acquisitions
Capital Investment Appraisal
Superior and Sustainable Financial Performance
Banking Relationships
Treasury Management
Derivatives
Technical Analysis for Treasury Management
Treasury Controls and Security
Business Strategy Workshop
Banking and Finance
Finance for Non-Finance Managers

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