Identifying KPIs in SMEs

Summary

Advances in IT allow even micro businesses to measure all kinds of activity. Can we be sure we are measuring the right things - that the key performance indicators we use measure valid and true priorities for the business? This programme uses the interaction between business decisions and financial statements to identify KPIs and validate them in terms of their contribution to the generic business objectives of profit, cash flow and asset utilisation.

Venue details:  
Chartered Accountants House, , Dublin
Start date & time:  
08 October 2019 14:00
End date & time:  
08 October 2019 18:00
Price: €175.00  (€140.00 Member price)
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
5.00
CPD hours:  
4.00
Speaker details
First nameLast name
Damien O'Neill

Description

Product type:  
CPD course
Category:  
Financial reporting

Who should attend

Accountants involved in providing guidance to SMEs on how to effectively manage their business by identifying and focusing on the key performance indicators for their specific business.

Course overview

  • Why finance is the "language" of business and financial statements the scorecards
  • Exploring the differing KPIs for service, retail, manufacturing and "prospecting" businesses
  • "Vision" based versus operational metrics
  • The two essential characteristics of an effective financial model
  • The universal model for performance improvement and the fundamental accounting equations
  • Identifying the KPIs
  • Things to consider when selecting a KPI
  • Implementing the KPIs
  • Applying a systematic process to identifying KPIs
  • The profit & cash algorithms and using them to devise five situation-specific KPIs for a business you are working with

Key learning outcomes

By the end of this course, participants will be able to:

  • Understand the steps in designing and creating a Database
  • Implement Data Selection Queries with Select, Group, Like, Between etc.
  • Join Tables
  • Modify, Insert, Update and delete data with SQL
  • Implement Data import and data export
  • Have a view on using Power Bi to analyze data
  • Understand using Excel to analyze data