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World Class Management Development Solutions

F09

Modern Accounting

Course fees £3600 Duration 5 days

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Introduction

This course is designed to offer participants the opportunity to explore advanced management accounting techniques that can deliver benefits to their organisation. Pressure to survive in business has resulted in new ways of doing things and the finance function is no exception. This workshop in modern accounting practice will help participants to develop their ideas on how they see the role of accounting developing within their organisations.

Who should attend?

This course will benefit those financial managers and accountants whose experience has placed them in positions where they are expected to participate in the development of accounting practice within their organisations.

  This course is one of the best that I attended in my professional career. LMC have provided a very good opportunity for learning under a very conducive enivronment. I am really impressed with the skills of Mr Russell Caird and Mr JJ Lynch and have found them both to be excellent trainers.  Mr Mohammad Nadeem, Pakistani Poverty Alleviation Fund

Activity based thinking

    • Highlighting the importance of costing activities rather than merely capturing costs

Advanced costing techniques

    • Life cycle and target costing
    • Theory of constraints
    • Back-flush accounting

Risk management strategies

Continuous improvement and feedback

    • Balanced Scorecard
    • European Quality Foundation Model
    • Benchmarking

Modern reporting techniques

    • Dashboard
    • KPI

At the end of the course delegates will be able to:

    • Evaluate advanced costing techniques
    • Identify and manage risk
    • Identify costing activities
    • Assess the cost of quality
    • Use non-financial measures to improve financial performance