Strategic Management Accounting

Reed Learning
London, United Kingdom

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

Course Description:

'' Senior managers with responsibility for or involvement in the development or implementation of competitive strategy; other financial managers with a close involvement in a different functional area (eg marketing accountants), and finance staff providing supporting information for strategic decisions.

Course Overview
Accounting for a sustainable competitive advantage

The need to identify the critical success factors of the competitive strategy of the business unit

Identify the key strategic thrust of the business unit -links to the management accounting system. This session aims to -

Illustrate the need to tailor financial information to the main competitive advantage which is being developed in the business plan
Analyse risks and opportunities of each such competitive strategy
Provide appropriate segmented accounting information

The implications for financial planning and control systems

This tailored and segmented information can only be efficiently and effectively produced from an appropriately structured FP & C system

Key account management and profitability

Evaluating and controlling strategic investment decisions

Sustainable competitive advantages normally only result from high risk strategic investment decisions. Such decisions need to be rigorously evaluated and controlled.

Use of value chain analysis to identify performance improvement opportunities

The concept of relative risk perception used in conjunction with competitive strengths and applied not only to competitors but also to suppliers and customers

Design and implementation of tailored financial control systems

How financial control systems must

Be relevant and linked to the specific competitive strategy
Contain financial and non-financial measures
Separate economic and managerial performance indicators
Strategic management accounting for pricing decisions

6 CPD hours

THIS COURSE IS RUN BY CIMA MASTERCOURSES

What do I get out of it?
A practical insight into the way in which management accounting can add value to a business through a more positive and proactive involvement in the strategic decision making process.
An understanding of the way in which many financial techniques can be used strategically to enhance or evaluate competitive advantages.

...''

Phone:0800 132 448

School Address:

9 Kingsway, London, WC2B 6XF UK

Jobs & Resumes: London
Houses & Roommates: London

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
Management Accountancy in Publicly Funded Organisations
Spreadsheet Skills for Forecasting, Planning and Budgeting
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
Advanced Budgeting
Applying Business Process Improvement

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