{"id":6448,"date":"2013-03-29T12:31:01","date_gmt":"2013-03-29T12:31:01","guid":{"rendered":"https:\/\/www.financial-fluency.co.uk\/?page_id=6448"},"modified":"2016-02-08T23:28:36","modified_gmt":"2016-02-08T23:28:36","slug":"next-generation-management-accounting","status":"publish","type":"page","link":"https:\/\/www.financial-fluency.co.uk\/financial-training-courses\/financial-management\/next-generation-management-accounting\/","title":{"rendered":"Next Generation Management Accounting"},"content":{"rendered":"\"in-house\n

In-house training course on Management Accounting for the Next Generation<\/h2>\n

\"Management<\/p>\n

An intensive one-day training program exploring the latest tools, techniques & thinking on management accounting.<\/p>\n

A unique opportunity to gain an insight into the future of management accounting by one of the world’s leading speakers on the subject.<\/p>\n

This programme is conducted by
Aubrey Joachim FCMA; CGMA; MBA.
Past Global President of CIMA (2009\/2010)
and management accounting practitioner with multi-national corporations and SME\u2019s across the world.<\/p>\n

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Programme Overview: ‘Next Generation Management Accounting’<\/h3>\n

The finance function has long been seen as merely a financial reporting role providing historical information on how an organisation has performed over a period. This passive role of the finance function – and finance professional – is now being questioned. Should finance be adding more value to the organisation than it currently does? <\/p>\n

In the modern world of business and commerce merely ensuring that organisations meet compliance and regulatory obligations alone is insufficient and hardly satisfying to any visionary finance professional. Ensuring and contributing to the long term profitability and sustainability of an organisation is the challenge for every finance professional today.<\/p>\n

The management accounting aspects of the finance function are beginning to take on a more important and proactive role in the current and emerging business climate. This is the case in any organisation big or small, for-profit or not-for-profit, public sector or private sector. Organisational leaders have recognised that the management accounting role of the finance function now adds much more value than the compliance and regulatory aspects.<\/p>\n

This program will explore the transformation of the finance function and the finance professional from a mere score-keeper to a valued business partner. It will focus on the management accounting tools and skill-set required by the next generation finance professional to add tangible bottom line value to any organisation. Many practical examples will be shared.<\/p>\n

Detailed course outline<\/h3>\n

 <\/p>\n

Session 1 – Leading edge planning, budgeting and forecasting<\/h4>\n

At the hub of effective planning and corporate performance management are the important processes of budgeting and forecasting. <\/p>\n

\"InvestmentThis module will position the management accountant within the organisations planning framework. It challenges participants understanding of budgets and provides the opportunity to understand the practicality of new tools and techniques in the areas of strategic planning, budgeting and forecasting. <\/p>\n

This session will cover:
\n\u2022\tAn introduction to organisational planning
\n\u2022\tThe role of budgets in the modern organisation
\n\u2022\tNew management accounting tools and techniques for budgeting and forecasting
\n\u2022\tThinking beyond budgeting
\n\u2022\tRolling forecasts – an improvement on traditional budgeting
\n <\/p>\n

Session 2 – Improving the bottom line using activity based techniques<\/h4>\n

Activity based techniques \"Improveare increasingly being used as a tool in organisations to improve the bottom line. Activity Based Management (ABM) and Activity Based Costing (ABC) are tools that the management accountant must be familiar with if they are to transform the finance function into a value adding unit. <\/p>\n

This module will provide participants with a knowledge and understanding of ABM and ABC and also work through the stages of implementation in the business. <\/p>\n

This session will explore:
\n\u2022\tUnderstanding activity based costing methods
\n\u2022\tHow to implement an ABC system
\n\u2022\tUsing ABC \/ ABM to improve organisational performance
\n\u2022\tHow ABC \/ ABM can be linked to organisational planning
\n <\/p>\n

Session 3 – Improving management reporting for enhanced business performance<\/h4>\n

It is an ongoing challenge for many finance professionals \u2013 knowing how to present information in a way that is understood and appreciated by a diverse audience in their organisation. \"ExampleOrganisations today have more access to data and information than ever before. <\/p>\n

This module provides frameworks for converting financial information into valuable insights which will improve the strategic performance of the organisation. <\/p>\n

This session will look at:
\n\u2022\tManagement reporting from board room to store room
\n\u2022\tReporting for corporate performance management (CPM)
\n\u2022\tManagement accounting tools and techniques supporting good reporting
\n\u2022\tReporting for a sustainable future
\n\u2022\tReporting for overall governance and strategic support
\n <\/p>\n

Session 4 – The transforming role of finance professional to business partner<\/h4>\n

\"ManagementThere is no doubt that the role of the finance professional is changing. It is becoming increasingly clear that finance transformation must result in the management accountant taking on a business partnering role. <\/p>\n

This module provides practical insight into how management accountants can go about becoming true business partners. This involves elevating the profile of the role and working collaboratively with other business managers to set and execute strategies that lead to enhanced performance. <\/p>\n

This exciting session will look at:
\n\u2022\tThe managerial role of the management accounting finance professional
\n\u2022\tBusiness Analytics – the essence of business performance management
\n\u2022\tThe finance professionals role is setting and monitoring strategy
\n\u2022\tThe expanding finance professionals role in corporate performance management (CPM)
\n\u2022\tStrategic enterprise management (SEM) the pinnacle of business partnering<\/p>\n

Aubrey Joachim – Programme Leader<\/h3>\n

\"AubreyAubrey Joachim is a management coach, mentor and public speaker with 30 years of international professional experience. With expertise and interest in strategic management accounting, financial management, organisational strategy, risk management, finance transformation, business analytics, governance and change management, he is a sought after trainer and facilitator.<\/p>\n

Aubrey is a Past President of CIMA and in his role as a CIMA ambassador, Aubrey runs business analytics and finance transformation presentations for the world\u2019s leading organisations, such as Ford, IBM, Barclays Bank, Rolls Royce, Unilever, Shell, Infosys, WNS, Swire, Coca-Cola, and Time Warner.<\/p>\n

Aubrey is one of a very few trainers globally who does anything on Business Analytics. He has recently been signed up by a major global publisher to write a book on the topic.<\/p>\n

Key benefits of attending our management accounting course<\/h3>\n

\"learn
\n\u2022\tA discursive and interactive approach.
\n\u2022\tOpportunities to learn about the latest tools and techniques.
\n\u2022\tUse of real examples to stimulate thought and discussion.
\n\u2022\tAccess to one of the world’s leading speakers on the subject
\n\u2022\tIdeas you can use immediately.<\/p>\n

Who should attend?<\/h3>\n

\u2022\tManagement Accountants working in all industries.
\n\u2022\tAccountants in other disciplines who want to understand management accountants.
\n\u2022\tFinance professionals who wish to gain an insight into the latest tools, techniques and thinking on management accounting.
\n\u2022\tThose looking for interesting and stimulating continuing professional development (CPD).<\/p>\n

Tailored Management Accounting Courses<\/h3>\n

All our courses are tailored to meet our client’s specific needs. We like to spend time getting to know our clients as we strongly believe that training is most effective and valuable when tailored and focused.<\/p>\n

In-house Management Accounting Training<\/h3>\n

\"In-houseOur training can be held within your office or an external venue of your choice. <\/p>\n

We can also secure venues on your behalf through our venue sourcing agency.
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Make Enquiry or Book Now \"in-house<\/h2>\n
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