Finance for Strategic Management
Strong financial strategies are not an option but a necessity
Less functional management techniques have had a considerable influence on control systems, making the old accounting model appear unsuitable and even deceptive. This strategic financial management curriculum combines financial and strategic management. It will assist you in accessing all economic factors used by management in making decisions, with an emphasis on two essential ingredients: cash flow and net present value. This program will assist you in developing your position as an accountant in a modern and dynamic environment.
| Study Mode | Start Date | Certification | Learning Hours | Price |
|---|---|---|---|---|
| Campus | 28th June 2021 | Finance for Strategic Managers | 28 Hours | £960 |
| Online | Flexible | Finance for Strategic Managers | 28 Hours | £680 |
Programme Structure
Introduction to Accounts
- Why are accounts needed?
- Key conventions and rules
- Financial accounts
- Management accounts
- Analysing key financial statements
Strategic Analysis of Financial Performance
- Ratio analysis
- The “Weinstock” performance ratios
- Competitor analysis
- Benchmarking
Analysing the Cost Structure
- Different types of cost – fixed, variable
- Marginal costing
- Full costing
- Cost drivers and activity-based costing
- Breakeven and contribution analysis
- Margin analysis
Cash Flow and Working Capital Control
- The cash flow cycle-Measures of solvency
- Capital investment budgeting
Financial Control of the Business
- The whole company budget process
- Integrating forecasting planning and budgeting
- Driving performance improvement through the budget
- Setting appropriate KPI’s-Performance review process
- Multi year budgeting
Pricing Issues
- Price differentiation
- The supply and demand relationship
- The significance of volume and the experience curve
- Continuous improvement
- Dealing with competition
- Investment appraisal
- Cash versus profit measures
- Forms of appraisal
- payback, DCF, IRR-Allocating scarce funds
Funding Growth
- Sources of additional funds
- The significance of gearing