Do you want to get out of the back office and advise your business team? But how do you become that trusted finance business partner? We look at the many roles of the finance business partner and give you hands on skills to move beyond simply reporting the numbers.

This 5-day course comprises an introductory day followed by 4 full-day interactive workshops designed to give you practical skills in business strategy and planning, scorecards and dashboard reports, zero based budgeting, forecasting, and cost management. You can implement these directly in your own organisation by running similar workshops with your own business teams. The workshops allow you the opportunity to try out techniques in a safe environment so that you can adapt and use them for the specific circumstances in your own organisation.

The event includes a one-day rapid development of a business strategy and business plan. This is Followed by a one-day rapid development of a scorecard or dashboard to report against the business plan. This gives a practical end to end methodology to go from setting strategic objectives to designing a working scorecard with practical measures you can use to keep the business on track.

We consider how to move beyond budgets to provide an agile financial management system that is focussed on delivering the business strategy. When it comes to cost management no one tool is ever right for all circumstances so we look at a variety of tools to you can use to maintain a financially efficient and effective organisation, and a guide to when it is most appropriate to use each one. We also look at what happens when a business has a challenge to make a step change in its cost base and give a range of ways the finance business partner can help his team to take cost out of the organisation.

At the end of this seminar participants will:

  • Have practical methods you can take back to your business
  • Be equipped to run workshops with your business to develop business plans; design strategic reporting; develop Zero based budgets; and to develop rolling forecasts
  • Have learned to use a variety of tools that will allow you to use with your business team throughout the business planning cycle.
  • Have a good working knowledge of the tools and techniques to take cost out of your organisation and when best to use them.

Learning objectives:

  • To understand the role of the finance business partner in the business team
  • To understand the wide variety of skills that are needed to become a trusted business advisor
  • To understand the problems and limitations of traditional accounting information, financial reporting and budget management
  • To understand your role in setting strategy, and how strategy underpins just about everything you do.
  • To understand how to work with your management team to develop better financial targets to measure performance
  • To understand the different tools and techniques available to you to control and remove cost from your organisation
  • To understand the practical tools and techniques that are available to help you, and to get practical hands on experience of using them in a safe environment

If you haven't already registered for this course, you can book your place today on our website. If you have already registered, click on the Continue button at the bottom of the page to log in.

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Are you stuck in the back office crunching the numbers? Perhaps you are feeling marginalised by new technology? You present the business with a view of the past, while they are much more interested in the future. You feel you need to be at the centre of the decision-making process, but you are just the numbers person and you don’t feel like a valued member of the business team.

There seems to be a whole lot more to be a trusted business advisor than you ever learned to pass your exams. This interactive one-day programme takes the lid off those skills you need to acquire and sets you on the right path!

This one day course provides a broad overview of skills you need to support your business team through the challenges the business faces in the 21st century. We look at why financial statements and the underlying accounting systems don’t provide the most useful information for decision making and consider what you need in addition. We consider why an economic rather than an accounting model of the business can provide the financial information the management team really needs. We look at the role of the finance professional in setting strategy and business plans and consider why a clear strategy and business plan is vital to just about everything you do. Continued business growth is vital these days and we look at the levers at your disposal to influence the bottom line and not just report it.

At the end of this seminar participants will:

  • Have an overview of the challenges facing the business partner in 21st century
  • Gained an understanding of your own preparedness to meet those challenges
  • Identified the priorities for your own development
  • Identified the areas where your business could benefit most
  • Understood the conversations that need to take place between you and the business team

Please note that this course is part of a larger, week-long course. See here for more details.

Learning Objectives

  • To understand the role of the finance business partner in the business team
  • To understand the wide variety of skills that are needed to become a trusted business advisor
  • To understand the problems and limitations of traditional accounting information, financial reporting and budget management
  • To understand your role in setting strategy, and how strategy underpins just about everything you do.

If you haven't already registered for this course, you can book your place today on our website. If you have already registered, click on the Continue button at the bottom of the page to log in.

Register Now

This two-day course comprises two full-day interactive workshops designed to give you practical business planning and reporting approaches you can implement directly in your own organisation. The workshops allow you the opportunity to try out techniques in a safe environment so that you can adapt and use them for the specific circumstances in your own organisation.

One day rapid development of a business strategy and business plan

  • Identifies the most important issues that the business needs to address
  • Highlights the opportunities available
  • Gives a clear set of priorities

One day rapid development of a scorecard or dashboard to report against the business plan

  • Practical end to end methodology to go from strategic objectives to a working scorecard
  • Portfolio of balanced indicators (Leading & lagging; financial & non-financial)
  • Part of a management system focussed on taking action
  • Identifies key measurement points, things that make the biggest impact on the business result, and that the team can exert greatest influence on
  • How to turn the measurement points into working practical metrics with targets and owners

At the end of this seminar participants will:

  • Have practical methods you can take back to your business
  • Be equipped to run workshops with your business to develop business plans and to design strategic reporting
  • Have Learned to use a portfolio of tools and techniques including:
    • SWOT & PESTLE Analysis
    • Strategic prioritisation
    • Cause and Effect modelling
    • Performance measure design
    • Running a performance management system

Please note that this course is part of a larger, week-long course. See here for more details.

Learning Objectives

  • To understand how to work with your business team to develop and deliver business strategy and plans
  • To understand your role in setting strategy, and how strategy underpins just about everything you do
  • To understand the practical tools and techniques that are available to help you, and to get practical hands on experience of using them in a safe environment

If you haven't already registered for this course, you can book your place today on our website. If you have already registered, click on the Continue button at the bottom of the page to log in.

Register Now

This two-day course comprises two full-day interactive workshops designed to give you practical skills in zero based budgeting, forecasting, and cost management you can implement directly in your own organisation. The workshops allow you the opportunity to try out techniques in a safe environment so that you can adapt and use them for the specific circumstances in your own organisation.

We consider how to move beyond budgets to provide an agile financial management system that is focussed on delivering the business strategy. When it comes to cost management no one tool is ever right for all circumstances so we look at a variety of tools to you can use to maintain a financially efficient and effective organisation, and a guide to when it is most appropriate to use each one. We also look at what happens when a business has a challenge to make a step change in its cost base and give a range of ways the finance business partner can help his team to take cost out of the organisation.

At the end of this seminar participants will:

  • Have practical methods you can take back to your business
  • Be equipped to run workshops with your business to develop Zero based budgets and to develop rolling forecasts
  • Have learned to use a variety of tools that will allow you to manage and control cost

Please note that this course is part of a larger, week-long course. See here for more details.

Learning Objectives

  • To understand how to work with your management team to develop better financial targets to measure performance
  • To understand the different tools and techniques available to you to control and remove cost from your organisation
  • To understand the practical tools and techniques that are available to help you, and to get practical hands on experience of using them in a safe environment

If you haven't already registered for this course, you can book your place today on our website. If you have already registered, click on the Continue button at the bottom of the page to log in.

Register Now

In the 21st Century’s highly-competitive, global business world, finance and accounting professional are increasingly being pressured to move beyond the tasks of reporting their company’s results and protecting its assets and assuming the roles of trusted business advisor and enabler of their company’s strategies and plans. They are, in effect, being asked to expand their horizon from the science of counting beans to the craft of growing them.

In response to these demands, the management accounting marketplace has become cluttered with a plethora of concepts and tools all of which claim to be the ultimate solution to the financial professional’s problem. Included in the menu of “best ideas ever” are Activity-Based Costing and Management, Theory of Constraints, Lean Accounting, the Beyond Budgeting movement, Resource Consumption Accounting, Target Costing, Balanced Scorecards, Time-Driven Activity-Based Costing, and the German practice of Grenzplankostenrechnung. All have advocates who would have you believe that by adopting their philosophy and/or implementing their software, all of your company’s management accounting needs will be fulfilled.

Management accounting is, however, much more than just costing, budgeting, scheduling, forecasting, or performance measurement practices. It is a process that requires partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy. Items from the clutter of popular concepts and tools may have a role in that process, but the process is much more than accurate costing and sophisticated scorecards.

This wide-ranging three-day overview is designed to provide attendees with a comprehensive view of the management accounting process; a view that serves as the backbone for crafting the sophisticated management account concepts and tools available to today’s accountant into a management accounting process that will serve as a powerful, value-adding tool for their organization.

This course answers questions such as:

  • What are the key component parts of an effective management accounting process?
  • How can an organization insure that its cost model represents the fundamental economics that underlie its business?
  • Why is the ability to predict costs just as important as the ability to assign them?
  • What should be management accountants’ objective; accuracy and relevance or precision?
  • What kind of modifications must be made to costs recorded under financial accounting standards to make them more representative of the true, long-term, sustainable economics of the organization?
  • How can management accounting information be used to help management craft a successful business strategy?
  • How can a group of performance measures be selected and assembled that will direct employees toward the implementation of management’s strategy.
  • How can management accounting information be used to enhance the quality of pricing, investment, process improvement, sourcing, and other critical management decisions?

Learning Objectives:

  • Understand the entire taxonomy of management accounting and how powerful 21st concepts and tools can be incorporated into an effective management accounting process
  • Learn how to design a predictive cost model that reflects economic reality
  • Appreciate the distortions inherent in using costs as measured by financial accounting standards and how to avoid them
  • Learn how to incorporate the cost of capital into cost information used to support management decisions
  • Understand how to turn a forecast into a plan through the use of strategy maps
  • Appreciate the importance of developing measurements that support the execution of the organization’s strategy
  • Learn how accurate and relevant cost information can be used to improve decisions and enhance profitability
  • Understand how to turn accounting from an “overhead” function into a value-adding management accounting process

If you haven't already registered for this course, you can book your place today on our website. If you have already registered, click on the Continue button at the bottom of the page to log in.

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Are you stuck in the back office counting the beans, rather than spending your time working in partnership with the senior business team? If you just answered yes to that question then this course is for you.

The traditional role of the accountant as the bean counter is no longer appropriate in the 21st Century business world. Instead you must assume the roles of trusted business advisor and enabler of your company’s strategies and plans. Taking on the craft of growing beans rather than counting them means you need a whole set of skills and tools you were never given to pass your accountancy exams, but are vital to a role as part of senior leadership.

Ultimately as a finance director or CFO you will need to work closely with the COO and the other C-Suite directors. This wide-ranging three-day overview is designed to provide you with a comprehensive view of the latest tools and techniques you can use to give meaningful financial support to the rest of your business’ leadership team. It can help you break through the glass ceiling that stops you being the trusted business advisor to the senior team in your business.

This course answers questions such as:

  • How can management accounting information be used to help management craft a successful business strategy?
  • How can the finance professional impact sales and marketing strategy?
  • How can management accounting information be used to enhance the quality of pricing, investment, process improvement, sourcing, and other critical management decisions?
  • How can a group of performance measures be selected and assembled that will direct employees toward the implementation of management’s strategy?
  • How can an organization insure that its cost model represents the fundamental economics that underlie its business?
  • Why is the ability to predict costs just as important as the ability to assign them?
  • What should be management accountants’ objective; accuracy and relevance or precision?
  • What are the key component parts of an effective management accounting process?
  • What kind of modifications must be made to costs recorded under financial accounting standards to make them more representative of the true, long-term, sustainable economics of the organization?

Management accounting is much more than just costing, budgeting, scheduling, forecasting, or performance measurement practices. It is a process that requires partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy. Items from the clutter of popular concepts and tools may have a role in that process, but the overall process is much more than accurate costing and sophisticated scorecards.

Optional two-day activity based costing workshop

Do you know who your most profitable customers are? Do you know the true cost of each of your products? Does your pricing reflect the full cost of serving the customer? What drives cost and profitability in your business?

This information is vital, especially as you build your business and marketing strategy, but rarely available. The problem is that the information from your accounting systems is designed for external reporting and to meet tax requirements. There’s a big difference between accounting information and the true economics of the business. Activity based costing fills this gap.

In the workshop we will build on concepts introduced in the main course and give you practical tools and techniques to:

  • Determine the true profitability of each of your customers
  • Segment customers and markets
  • Understand the true costs of your products and services
  • Make better pricing decisions
  • Eliminate costly and non-value adding activities
  • Effectively challenge your operating costs

The workshop effectively combines this course with our popular three day “Practical approach to activity based costing” to make a single 5-day course.

During this workshop, you will:

  • Use the cause-and-effect “lens” of activity-based costing to design a cost model that accurately reflects the fundamental economics that underlie your organisation
  • Accumulate a “toolbox” of costing concepts, tools and techniques that will help to incorporate seemingly complex issues into your costing model with a minimum of difficulty
  • Incorporate your cost model’s design into an Excel-based predictive cost model that can be used to perform incremental cost analyses, measure the cost of key processes and develop rates that can be used to assign costs to individual jobs, products, services, customers, etc.
  • Create Excel-based templates that will use your model’s costing rates to accurately assign costs to your company’s jobs, products, services, customers, markets, etc.
  • Practice using your model to support a variety of management decisions
  • Learn techniques for gathering your company’s detailed information for populating your model and templates after your return home

Topics covered in the workshop include:

  • Designing a cost model that fits your firm
    • Material support activities
    • Value-adding and other direct activities
    • Event and transaction activities
    • Customer/market support activities
    • Product/service line support activities
    • General and administrative activities
  • The Excel-based cost model
    • Basic structure of the model
    • Populating your model with test data
    • Using the model to support decisions
    • Creating Excel-based job/product costing templates
    • Creating Excel-based customer costing templates
  • Gathering your company’s data to populate the model
    • Estimates vs. precise measurement
    • Using the general ledger to model reconciliation worksheet
    • Gathering cost driver data

Learning Objectives:

The course will equip the business accountant with a range of tools and techniques essential to his role of trusted business advisor and will show how these can be incorporated into an effective management accounting process. By the end of the course he will have learned how to:

  • Avoid the problems inherent in using cost information directly from financial accounting systems designed around international accounting standards;
  • Design cost models that reflect economic reality, show true profitability of products and customers, and predict costs;
  • Combat the time stealers of traditional backward looking accounting processes;
  • Incorporate the cost of capital into cost information used to support management decisions;
  • Turn business strategy into forecasts and plans using strategy maps;
  • Develop a performance measurement framework that supports the execution of the organization’s strategy.

If you haven't already registered for this course, you can book your place today on our website. If you have already registered, click on the Continue button at the bottom of the page to log in.

Register Now

Do you know who your most profitable customers are? Do you know the true cost of each of your products? Does your pricing reflect the full cost of serving the customer? What drives cost and profitability in your business?

This information is vital, especially as you build your business and marketing strategy, but rarely available. The problem is that the information from your accounting systems is designed for external reporting and to meet tax requirements. There’s a big difference between accounting information and the true economics of the business. Activity based costing fills this gap.

In this 3 day course we will give you tools and techniques to:

  • Determine the true profitability of each of your customers
  • Segment customers and markets
  • Understand the true costs of your products and services
  • Make better pricing decisions
  • Eliminate costly and non-value adding activities
  • Effectively challenge your operating costs

The course combines the final day of our popular “empowering the management accountant to be a trusted business advisor” which introduces the concepts of activity based costing for the small and medium business with a two-day practical workshop teaching how to build MS Excel activity based costing models.

During this workshop, you will:

  • Use the cause-and-effect “lens” of activity-based costing to design a cost model that accurately reflects the fundamental economics that underlie your organisation
  • Accumulate a “toolbox” of costing concepts, tools and techniques that will help to incorporate seemingly complex issues into your costing model with a minimum of difficulty
  • Incorporate your cost model’s design into an Excel-based predictive cost model that can be used to perform incremental cost analyses, measure the cost of key processes and develop rates that can be used to assign costs to individual jobs, products, services, customers, etc.
  • Create Excel-based templates that will use your model’s costing rates to accurately assign costs to your company’s jobs, products, services, customers, markets, etc.
  • Practice using your model to support a variety of management decisions
  • Learn techniques for gathering your company’s detailed information for populating your model and templates after your return home

Learning Objectives:

  • Learn how to design a predictive cost model of your small or mid-sized business that reflects economic reality
  • Develop an Excel-based predictive model that can be populated with your company’s data to become a powerful decision support tool
  • Develop Excel-based job/product and customer costing templates to accurate measure the costs of your company’s jobs/products and customers

If you haven't already registered for this course, you can book your place today on our website. If you have already registered, click on the Continue button at the bottom of the page to log in.

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The internal reporting challenges that face accounting professionals in oil and gas companies mirror those relating to external reporting. The particular nature of oil and gas industries and their activities determine the way in which their operations and financial condition are reported. While the external reporting environment is largely regulated by accounting standard setters, there are no parallel accounting standards relating to internal reporting.

This one-day course summarises and discusses the information requirements of oil and gas company management and goes on to relate these requirements to the accounting and reporting procedures that are common in production sharing agreements (PSA) between national authorities and private sector oil companies.

The programme answers questions such as:

  • What accounting issues are particularly relevant to the oil and gas industry?
  • Which steps should be undertaken to establish a strong management accounting system?
  • How are appropriate management accounting procedures established?
  • What are the characteristics of production sharing agreements?
  • What are recommended best practices to meet PSA accounting and reporting requirements?
  • In what areas are control and reconciliation issues expected to arise and how should they be addressed?

Learning Objectives:

  • Appreciate the role of management accounting in the oil and gas industries
  • Learn the steps and procedures recommended to establish a strong management accounting system
  • Appreciate the differing needs of various users of financial information
  • Comprehend the nature of Production Sharing Agreements (PSA)
  • Understand the PSA accounting and reporting requirements
  • Consider the implications of these reporting requirements and determine how they may be addressed
  • Ensure maximum convergence between reporting processes

If you haven't already registered for this course, you can book your place today on our website. If you have already registered, click on the Continue button at the bottom of the page to log in.

Register Now