Financial Control in SMEs

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Financial Control in SMEs Online CPD Training CourseOnline Course on
Financial Control in SMEs

The way Small Medium Enterprises (SMEs) approach financial control needs to be different to the approach of large organisations. SMEs are not distracted by share prices and can afford to think long term.

In this course, David Allen encourages accountants to be proactive in the management of their businesses; looking both outwards and forwards and dealing with the inevitable uncertainties that entails. It looks at how new concepts such as risk management and corporate social responsibility should be considered alongside more traditional techniques like standard costing and budgetary control.

The course contains advice on how to develop a comprehensive structure of financial control appropriate to today’s conditions. The course concludes by looking at how accountants can prepare for a change of ownership.

buy Financial Control in SMEs

Financial Control in SMEs is part of our Issues and Debates suite of learning. Issues and Debates courses stimulate intelligent dialogue and debate and provide a valuable and evolving resource of professional knowledge and experience. These courses are topical, practical and highly relevant to today’s changing market. Each module is split into two activities: Understanding the issues and Putting it into practice. The first encourages you to think about a topic, drawing on your own professional experience and knowledge. The second helps you to put ideas and/or theories into practice as part of your day-to-day work.

Financial Control in SMEs enables the learner to:

• Identify the cost of capital
• Understand corporate responsibility
• Develop tactics and strategy
• Implement delivery based costing
• Identify and deal with potential criticism


Rating: 5 Stars for online course 95% said it met their professional development objectives

“Wow – what a lot of thinking!…this made me think that there is much I should be doing in my business. I will definitely revisit this area.”

“Financial control usually is taught as if anyone is working in a very large company. However, SME are quite different and the course just set exactly the control appropriate for SME’s.”

“For ages I have struggled to find decent courses…for once I feel I have completed something of real value – really stimulating.”

“The short scenario and question requiring a response to get you thinking and involved then the structures answers. Good to have to read rather than just listen.”

You can review this course using the questionnaire in the course completion area.

Learning outcomes of Financial Control in SMEs

The business environment
• Competition and volatility
• Corporate responsibility
• Managerial responses
• Trust and learning
SMEs competition and volatility

Survival of the most fitted
• Cost of capital
• Why bother?
• Tactics and strategy
• Cash flow
SMEs cost of capital

Management accountancy
• Management accounting
• Activity based costing
• Budgetary control
• Capital expenditure
SMEs Budgetary Control

Major strategic issues
• Discounting forecast cash flows
• Residual value
• Heading off criticism
• Earnings and EBITA
SMEs into practice

Target audience for Financial Control in SMEs

This course is designed to appeal to people working in the accounting and finance industry at all levels.

About the author of Financial Control in SMEs

David Allen
David Allen CBE, MPhil, FCMA, FCIS was employed for many years by the Cadbury Schweppes group, holding directorships of various companies, latterly Cadbury Ltd.

Whilst with the group, he coined the expression Strategic Financial Management to refer to an approach which enabled the finance function to play a proactive role in the formation and monitoring of strategy, and offered an antidote to short-termism.

During that period he was also president of the Chartered Institute of Management Accountants (CIMA), chairman of the Management Accounting stream of the International Federation of Accountants, a visiting professor at Loughborough University Business School and a member of the Review Panel of the Financial Reporting Council.

He retired from all of the above in order to concentrate on the promulgation of the concept and practice of Strategic Financial Management, through the medium of S. F. M. Ltd. This involved writing, lecturing and consulting, and led to a number of non-executive directorships in private and public sectors.

Flexible learning

Learners take their own route through the topics covered in the course. They will learn at their own pace through a variety of activities designed to accommodate a range of learning styles.

You might also be interested in

Corporate Social Responsibility for Finance
Making Budgeting Work in the Real World
Working Capital & Cash Flow Management

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Each course takes approximately 4 hours to complete.

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