Strategic Financial Management Institute of Chartered Accountants of Ireland

Price: USD 137

Duration: 5 Hours

Course details

Can you contribute to the making and monitoring of strategic decisions?

Can you augment the traditional accounting model so as to provide information relevant to an increasingly dynamic world? In Strategic Financial Management David Allen argues that, if accountants concentrate on looking backwards, they will find it difficult to play their rightful part at the strategic level of management.

More about this Event

Less functional approaches to management have had a big impact on control systems and have left the traditional accounting model looking inappropriate and even misleading.

Strategic Financial Management brings together financial management and strategic management and provides the financial criterion for all management decision making - maximising the net present value of projected cash flows - focusing in particular on the two key ingredients: cash flow and net present value.

Always provocative and stimulating, David Allen will challenge your assumptions and encourage you to think again about the role of accountancy in a new dynamic world

Strategic Financial Management enables learners to:

Understand the limitations of traditional accounting models in an increasingly dynamic and fast changing world
Contribute more effectively to corporate strategy by taking a more proactive and forward looking approach
React to conditions of rapid change through enhanced awareness, anticipation and adaptation
Understand and use alternative expressions of profit that start with a recognition of the impact on cash flow of the various stakeholders in a company
Understand the different relationships between profits, expansion and cash flow model in the traditional accounting and financial management models

Target audience

Accounting and finance professionals in practice and in industry.
Corporate planners, strategists and senior managers
Learning outcomes

Strategic management

What is causing the increased rate of change in the business environment?
How is the philosophy of management responding to these pressures?
What effect is this having on control systems?

Financial management

What is financial management?
How is financial management controlled?
What are the objectives?

Cash flow

What are the cash flow basics?
What are the different points of view?
How is the flow of funds managed?

Net present value

How do we arrive at NPVs?
What is the arithmetic of discounting?
What is the purpose of budgetary control?
How does this all fit together?

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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