Practice Management: Planning for the Firm Institute of Chartered Accountants of Ireland
Price: AED 503
  • Duration: 5 Hours

Course details

 

Every successful firm has a clear understanding of its own strategy—the path that the partners and employees wish to travel.

More about this Event

There is not necessarily a single right or wrong direction for a public accounting firm. Successful firms can be large or small, highly specialized or general, focusing on transaction or compliance services or high-end advisory services. Planning for Your Firm examines the business and strategic planning processes and the more detailed policies that govern the development and implementation of the strategic plan within your firm.

This course is part of a series of eight courses based on the IFAC Guide to Practice Management for Small and Medium Sized Practices and has been produced with the permission of IFAC.

Work through the knowledge and application modules to understand the theory and exchange your ideas with your peers. Then complete the final Putting it into Practice module to create an action plan for your practice.

Planning for Your Firm enables the learner to:

  • Develop an effective strategy for your firm
  • Manage the internal and external risks a new practice faces
  • Effectively implement your plans for your firm
  • Deal with difficult people when starting a practice
  • Establish benchmarks to manage risks

 Learning Outcomes

Strategy and Business Planning

  •  To specialize of generalize? Your competitive strategy
  •  How do people negotiate?
  •  The strategic planning process
  •  Planning for effective client relationships

Developing Your Business

  •  Developing plans for your firms various functions
  •  The strategic planning diagram
  •  Clients perceptions
  •  The “devaluing” of information
  •  How do I persuade people effectively?

Managing Risks and Using Benchmarks

  •  Ten steps to successful risk management
  •  Minimising potential problems in service delivery
  •  Using benchmarks to drive performance and improvement
  •  Internal and external benchmarks?

Running your Firm

  •  The key stages in running an effective firm
  •  Monitoring external forces
  •  International standards for accountants
  •  Anti-money-laundering
  •  Business continuity: the short-term and long-term imperative

Putting in to Practice

This module helps you put the learning from this course in to practice in your firm.

 

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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