- Duration: 5 Hours
Course details
The way SMEs approach financial control needs to be different to the approach of large organisations. SMEs are not distracted by share prices and can afford to think long term.
The course contains advice on how to develop a comprehensive structure of financial control appropriate to today's conditions. The course concludes by looking at how accountants can prepare for a change of ownership.
Financial Control in SMEs enables the learner to:
- Identify the cost of capital
- Understand corporate responsibility
- Develop tactics and strategy
- Implement delivery based costing
- Identify and deal with potential criticism
- Learning outcomes
- The business environment
- Competition and volatility
- Corporate responsibility
- Managerial responses
- Trust and learning
- Survival of the most fitted
- Cost of capital
- Why bother?
- Tactics and strategy
- Cash flow
- Management accountancy
- Management accounting
- Activity based costing
- Budgetary control
- Capital expenditure
Major Strategic Issues
- Discounting forecast cash flows
- Residual value
- Heading off criticism
- Earnings and EBITA
Updated on 08 November, 2015
About Institute of Chartered Accountants of Ireland
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