Budgets and Performance Management
- Responsibility centres
- The controllability principle
- Profit-related performance measurement
- Standard costing and variance analysis
- Performance management in investment centres
- Non-financial performance indicators
- The balanced scorecard
- Performance measurement in not-for-profit organisations
- External influences on performance
- How much cash does a business need?
- Methods of establishing cash balances
- Cash forecasting: the cash budget
- Cash management: strategies for improving cash flow
- Interpreting and analysing a cash-flow forecast
- The accountant’s perspective – costing and pricing
- Absorption costing and full-cost-plus pricing
- Marginal-cost-plus pricing
- Activity-based costing (ABC) pricing
- Life-cycle costing and pricing
- The economist’s perspective
- The marketer’s perspective
- Combining the three perspectives: establishing an appropriate pricing strategy
- Pricing strategies
- Target pricing and target costing
- Investment appraisal – the basics
- Traditional evaluation techniques
- Incorporating real-world complexities into investment appraisal
- Investment appraisal within context
- Taking a broader strategic view
- Operational decision making
- Cost-volume-profit analysis (CVP)
- Relevant costing
This CFO seminar is suitable for:
- Managers who wish to improve their analytical skills and use accounting and finance tools for managerial advantage.
- Those who wish to understand and use accounting knowledge for operational and management decision making.
Upon completion of this CFO course, you will be able to understand:
- How to interpret a variance report and assess its implications for management intervention.
- Behavioural aspects of budget management.
- Strategies to prevent or remedy adverse behavioural aspects of budget management and to harness positive aspects.
- Alternative views on performance management.
- The importance of cash management to a business.
- How to interpret a cash budget and identify potential problems.
- How to formulate strategies for improving cash flow and liquidity.
- Appropriate costing methods for pricing.
- The potential impact of different competitive environments on pricing.
- Appropriate pricing strategies to fit different markets and products/services.
- The financial impact of an investment using traditional techniques.
- The strengths and weaknesses of the above techniques.
- The role of financial assessment within the wider strategic assessment of investment decisions.
- The financial consequences of a range of decision-making situations.
- The scope and limitations of the financial techniques applied.
£2725 + VAT