Assisting Business with Strategic Management Accounting
CPD Hours: 2
Price: R450.00
Assisting Business with Strategic Management Accounting
Presenters : Phuthanang Cenea Motsielwa CA(SA), RA
Overview
Management accounting reports assist SMEs owners and managers to monitor the health of their businesses and to make sound business decisions that will take them into the future.
In order to draft effective management accounts, accountants need to focus on relevant and useful information. Two important elements to producing good reports are:
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Conciseness - Including only the relevant detail.
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Visually appealing reports - To assist non-financial decision-makers.
Competencies developed in this webinar
By attending this webinar you will develop the following competencies:
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An understanding of the importance of getting an intimate knowledge of your client’s business.
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Have a framework in place to guide you and your team to ensure a consistently positive client experience.
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Be able to break down information to your clients in concise but useful terms without using too much accounting jargon.
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Be competent in dashboard design for management and performance information.
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Meeting your client’s needs and helping them in their decision making process.
Content
The webinar will cover the following topics:
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Understanding your client's business.
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Management accounting - a necessary business tool.
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Management information beyond management accounts.
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Key metrics to track regularly.
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Methods used to display useful and relevant data.
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Assisting clients in decision-making.
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Adding a forecasting element to your reporting.
