Price: USD 137
- Duration: 5 Hours
Course details
Many of the techniques that underpin financial management were developed in conditions of stability. Yet the last ten years have been marked by increasing and unprecedented turbulence. This new Peer-enriched learning course focuses on the dynamics of financial management. Learners will be prompted to think through how the volatility which characterises today’s business environment has affected their particular enterprise, and how they are, or might be, responding.
Financial Management in Turbulent Times enables the learner to:
The place of finance in the organisation
- Think about how financial aspects can be managed, with particular reference to the greater importance now attached to the customer dimension, and to the popularity of more devolved structures.
- Consider the irrelevance of many academic hypotheses (like efficient markets and capital assets pricing) and find an alternative approach to establishing decision making criteria and their communication within a multi-product/market organisation structure, so as to assess value and ensure accountability.
- Move away from the ‘command and compliance’ style of management towards the ‘trust and commitment’ one; its connection with the need to balance the interests of various stakeholders, and the pressure for greater CSR.
- Examine how investment appraisal techniques are being adapted so as to cope with a greater degree of uncertainty and an increase in the proportion of investment which produces intangible assets – coupled with a practical approach to the monitoring of investments, strategies and businesses.
- Look at their relations with customers and suppliers, and how they have changed. This will be with particular reference to credit and stock controls, the inappropriateness of traditional approaches e.g. reliance on customers’ published accounts, and the importance of thinking globally.
The place of finance in the organisation
- Planning v. strategy
- Devolution
- Fixedness
- Customer orientation
- Participation
- Retirement planning
- An insurmountable opportunity?
- Charity begins at home
- A matter of discounting
- Overhead recovery
- Marketing
- Interest rates
- Uncertainty
- Monitoring
- Cash is tight
- Customer mix
- Transparency
- Competitive risk
Updated on 08 November, 2015
About Institute of Chartered Accountants of Ireland
Chartered Accountants Ireland (The Institute) is a membership body representing 23,000 influential members throughout the globe. their role is to educate, represent and support their members. their members work in senior positions in practice and industry. they are committed to restoring confidence at every level of the economy. they work with governments and businesses to raise awareness of the importance of sound financial advice.
Chartered Accountants Ireland was established as the Institute of Chartered Accountants in Ireland by Royal Charter in 1888. Its activities and those of its members are governed by its Bye-Laws and by Rules relating to professional and ethical conduct. These provisions are contained in the Handbook which is available to all members.
Chartered Accountants Ireland is governed by a Council and it is responsible for determining policy and monitoring its implementation. Council is lead by the Officer Group and supported by the Management Team and staff. A number of committees with voluntary member involvement also play a key role.
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