Course Overview

This course offers a comprehensive overview of key financial and managerial accounting concepts, including investment appraisal techniques that account for risk and non-financial factors. Participants will learn how to measure organizational performance against budgets and understand the importance of performance indicators. The programmemememe also explores the evolving role of managerial accounting, differentiating between product and service measurement, and integrating beyond budgeting practices. Additionally, attendees will gain insights into financial data analytics—its properties, analytical steps, and how organizations leverage data to achieve strategic objectives. The course concludes with a review and action plan for applying these insights in the workplace.

Agenda

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

Day — 4 Understanding Financial Data Analytics

The Properties And Components Of Data
Understanding The Steps In The Analytical Process
How organizations Use Analytics To Achieve Objectives

Day — 5 Course Review

Summary And Recap Of Key Learning Objectives
Action Planning

Post-Course

Three (3) x hour-long Executive Coaching sessions at monthly intervals following Course Completion

Target Audience

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

Learning Outcomes

By the end of this course, you will be able to implement a successful strategy that enables you to:

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.
Understand the types, properties, and structure of data used in financial analysis.
Follow the key steps in the data analytics process.
Explain how analytics can be leveraged to drive strategic and operational outcomes.