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Strategic Financial Management

CPD: 4 hours

About

Can you contribute to the making and monitoring of strategic decisions? Can you augment the traditional accounting model so as to provide information relevant to an increasingly dynamic world?

This new Strategic Financial Management course argues that, if accountants concentrate on looking backwards, they will find it difficult to play their rightful part at the strategic level of management. Less functional approaches to management have had a big impact on control systems and have left the traditional accounting model looking inappropriate and even misleading.

This course brings together financial management and strategic management and provides the financial criteria for all management decision making – maximising the net present value of projected cash flows – focusing in particular on the two key ingredients: cash flow and net present value.

Always provocative and stimulating, the course will challenge your assumptions and encourage you to think again about the role of accountancy in a new dynamic world.

Strategic Financial Management enables the learner to:

  • Understand the limitations of traditional accounting models in an increasingly dynamic and fast changing world
  • Contribute more effectively to corporate strategy by taking a more proactive and forward looking approach
  • React to conditions of rapid change through enhanced awareness, anticipation and adaptation
  • Understand and use alternative expressions of profit that start with a recognition of the impact on cash flow of the various stakeholders in a company
  • Understand the different relationships between profits, expansion and cash flow model in the traditional accounting and financial management models
  • Monitor the success of projects, strategies and even total businesses by articulating NPVs over time
  • Understand how strategic financial management fits together in an integrative model

Course content

Strategic management

  • What is causing the increased rate of change in the business environment?
  • How is the philosophy of management responding to these pressures?
  • What effect is this having on control systems?

Financial management

  • What is financial management?
  • How is financial management controlled?
  • What are the objectives?

Cash flow

  • What are the cash flow basics?
  • What are the different points of view?
  • How is the flow of funds managed?

Net present value

  • How do we arrive at NPVs?
  • What is the arithmetic of discounting?
  • What is the purpose of budgetary control?
  • How does this all fit together?

Course price

£80 + VAT (non-members)
£70 + VAT (ICSA members)
£50 + VAT (ICSA students)

Course date

Buy now Book now

Course price

£80 + VAT (non-members)
£70 + VAT (ICSA members)
£50 + VAT (ICSA students)

Buy now