Advanced Strategies: Accounting, Financial control and Appraisals
The role of functional management in respect to financial management. The basic financial statements and their articulation. Evaluating performance and why ROI is still a good place to start. Competitive perspectives related to financial statements. Best practices in preparing presenting and populating financial statements. Identifying key success factors in industry sectors. Short-term success evaluations process and measures. Weak signals for future strategic adjustments. Buy sell or hold investments. Best practices in financial review compared to targets and expectations. Financial performance measurement systems. Best practices in finding and using key accounting assumptions. Compare business system to financial results. Benchmarking external reviews industry reports and analyst reports. Best practices in boards of directors and their move to financial literacy. Finding best practices in non-financial inputs to financial statements. Activity based costing time-based costing and competence based costing and financial analysis. Presenting and communicating to executive audiences the best practices in finance and accounting. Challenging the finance function to best practices.