Management Accountancy in Publicly Funded Organisations

Reed Learning
London, United Kingdom

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

Course Description:

'' Understanding contemporary trends

Increased volatility in all spheres of influence on management, with particular reference to the culture shift from command and compliance to trust and commitment
The significance of the greater emphasis on strategy, customer orientation, flexibility and devolution of authority
The limitations of the accounting model as a basis for managing in conditions of rapid change, and the contrasting features of the financial management model

A new foundation

The evolution of services and enterprises with emphasis on the need to provide value in excess of cost including the cost of capital
Translating that discipline into a criterion for the employment and deployment of resources
A framework for a robust control system - levels (strategy, tactics, operations) and elements (forecasts, decisions, monitoring and accountability)

Grasping the nettle

Who are our customers, what do we think will delight them, and how do we qualify the value of our outputs?
Counteracting short termism by recognising that progress is a function of not only objectively measured performance but also the change in subjectively assessed potential
Recognising and managing uncertainty and risk aversion


Embracing dynamism

A forward looking approach to control, based on regularly updated forecasts on a rolling basis, with variance analyses which provide feedback on key relationships
Applying the concept of net present value where cash flows do not tell the whole story
Financial modelling incorporating values as well as costs, capable of being reconciled with cash flow data and with resource accounting and budgeting
Relevance to departments and enterprises represented
Likely obstacles, and how they might be overcome



6 CPD hours (for non-CIMA members)

THIS COURSE IS RUN BY CIMA MASTERCOURSES


What do I get out of it?
- A framework for developing controls which are effective in conditions of rapid change

- A reporting structure appropriate to an environment of progressive devolution

- A means of evaluating the most suitable strategic alternatives within your organisation

- A technique for demonstrating that enhancing value for money is about far more than reducing costs
...''

Phone:0800 132 448

School Address:

9 Kingsway, London, WC2B 6XF UK

Jobs & Resumes: London
Houses & Roommates: London

Accounting Standards Masterclass
Acquiring and Divesting Unquoted Companies
From Activity-based Costing (ABC) to Activity-based Management
Better Management Reporting, Planning and Control
Corporate Performance Management and Business Intelligence
Corporation tax update
Cost Reduction with Improved Service and Performance: CRISP
Flexible Planning and Rolling Forecasts
Investment Appraisal
Key Management Accounting Techniques
Spreadsheet Skills for Forecasting, Planning and Budgeting
Strategic Management Accounting
The Hidden Profit and Loss Account
Transforming the Finance Operation
Conflict Resolution
Customer Service for Credit Control
Managing in a Call Centre
Face To Face Selling
Telesales

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