Management Accounting Excellence Workshop

Course Outline

Overview

This training workshop provides an advanced understanding of the concepts relating to organizational decision-making, planning and control.

Agenda

Investment Appraisal for Capital Decisions

• Methods of investment appraisal
• Non-financial aspects of investment appraisal
• Risk in investment appraisal
• Financial management of capital projects

Measuring Financial Performance

• Comparison of performance to budgets
• Accounting for responsibility
• The importance of performance indicators
• The Balanced Scorecard

Changing Nature of Managerial Accounting

• Roadmap for finance effectiveness
• From tangibles to intangibles
• The stakeholder model of an organization
• Beyond budgeting

Target Audience

This training workshop is suitable for:

• Those who wish to extend their understanding of the management accounting function to a more strategic level.
• Finance staff who are in a position to make managerial decisions.
• Non-financial staff who need to understand the accounting function at a strategic level.

Learning Outcomes

Upon completion of this training workshop, you will understand:

• The investment appraisal process and its management.
• Why and how measuring performance answers the question did we achieve what we set out to achieve and how do we spot warning signs on the way.
• How and why finance teams need to question and enhance the relevance of their function.