Strategic Management Accounting and Financial Data Analytics (3-days)

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.

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

• Finance Professionals
• Management Accountants
• Financial Analysts
• Business Managers
• Decision-Makers
• Organizational Leaders

• 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.