Online 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.
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:||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
Survival of the most fitted
• Cost of capital
• Why bother?
• Tactics and strategy
• Cash flow
• Management accounting
• Activity based costing
• Budgetary control
• Capital expenditure
Major strategic issues
• Discounting forecast cash flows
• Residual value
• Heading off criticism
• Earnings and EBITA
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 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.
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
Register now for free module
To purchase a course or to try a free module please register. Registration is free and there is no obligation to purchase. Just click the button below:
Please review our Frequently Answers Questions (FAQs) for answers to the most common questions we receive (opens in a new window).
Buy Financial Control in SMEs Online Course
Add to cart / basket
Click on the Buy Now or Add to Cart button above to make your purchase via credit or debit card. Your payment will be collected securely via PayPal. Please note that a PayPal account is NOT required to process your payment (simply click on the option to pay via credit or debit card). No surcharge will be levied on card payments for purchases. You will automatically be emailed a receipt after your purchase. Your service with Financial Fluency commences once your payment is processed. You have the right to cancel your order, less an admin charge, from the time of purchase for a period of 7 days provided you have not accessed the course. If you have worked through any of the course content you will not be able to cancel your order. Please read our full terms and conditions before purchase.
Pay by invoice and bank transfer
If preferred you can pay via bank transfer (BACS / EFT / Online banking).
Please complete the form below and we will send you an invoice with our bank details.
Other relevant information
View cart or checkout
If using our shopping cart, you can view the cart and checkout here.
You will receive 3 or 12 months (depending upon your chosen option) unlimited free access after payment of a one off registration fee.
Length of courses
Each course takes approximately 4 hours to complete.
Once you've completed the course you will be able to claim 4 verifiable CPD hours, if required. CPD points are claimed by the registered user, who can be someone different to the person who pays if required.
VAT will be calculated and added automatically during the checkout process (and before any payment is taken) based on your location.
VAT is applicable at the prevailing rate for customers within the EU. VAT will be added during checkout at the rate applicable to your Country. For customers outside the EU, where UK VAT is non-applicable, the checkout will automatically detect your location and VAT will not be added.
For customers in the Channel Islands please contact us in advance of purchase.
You will be emailed instructions of how to access your course and an activation code within one working day, usually a few hours.
Do you wish to pay in a different currency?
Simply email email@example.com with a list of the courses you wish to purchase and your chosen currency and we will send you an invoice in your desired currency.
Any more questions?
For any questions, please see our frequently asked questions as well as our full terms and conditions or send an email to firstname.lastname@example.org