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 criteria 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.
Course overview
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?
- How are businesses responding to these changes?
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?