Course description
Overview
Management accounting is all about the future. Planning. Costing. Budgeting. Working out where an organisation wants to be and working out which path to take to get it there. This course provides delegates with a range of techniques to help them develop, evaluate and implement a company strategy. In doing so it looks at how to encourage innovative options for delivering strategic objectives and how these options can be evaluated through the production of quality business cases.
Who is this for?
This highly interactive course is for anyone who needs to construct, evaluate or implement company strategy and/or produce quality business cases to help the delivery of that strategy.
What will you learn?
By the end of this course delegates will, with the aid of their notes, be able to:
- Apply a range of strategic tools to ensure the company is selecting the best course of action such as:
- PESTLE
- SWOT
- Porter’s work
- Product mix
- Understand the difference between Vision and Values and the financial impact of each
- Use a range of option generation techniques
- Apply basic risk analysis to a chosen course of action
- Prepare a quality business case using appropriate structure and language to enable senior managers to select the right course for their organisation.
How does this course help your career?
As managers progress through organisations they will need to contribute to either the development or implementation of a strategy. Understanding what tools are available to help create and deliver a strategy is therefore critical for the success of businesses today. It is also essential to understand the key elements of a quality business case to ensure the right path and right investments are made, to achieve the company’s strategy in the most value driven way.
Related courses
This course is part of BPP’s Finance for Non-Financial Managers programme that consists of 8 half day modules. The courses are designed to be stand alone but, as a programme, provide a comprehensive understanding of key finance concepts for non-finance managers from accounts production and interpretation to budgeting and forecasting. The courses in the programme are:
- Finance for Non-Finance Managers Module 1 - The Statements
- Finance for Non-Finance Managers Module 2 - The Principles
- Finance for Non-Finance Managers Module 3 - Company Accounts and The Annual Report
- Finance for Non-Finance Managers Module 4 - Introduction to Control and Audit
- Finance for Non-Finance Managers Module 5 - Introduction to Strategy and the Business Case
- Finance for Non-Finance Managers Module 6 - Introduction to Investment Appraisal
- Finance for Non-Finance Managers Module 7 - Introduction to Budgeting
- Finance for Non-Finance Managers Module 8 - Introduction to Forecasting & Reporting
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