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. This strategic financial management course brings together financial management and strategic management. It will help you access the financial criteria for all management decision making, and focuses on two key ingredients; cash flow and net present value. This course will help you think about the role of accountancy in a new dynamic world.
On completion of this online course, you will gain an understanding of:
- the limitations of traditional accounting models in an increasingly dynamic and fast changing world
- how to contribute more effectively to corporate strategy by taking a more proactive and forward looking approach
- how to react to conditions of rapid change through enhanced awareness, anticipation and adaptation
- the use of alternative expressions of profit that start with a recognition of the impact on cash flow of the various stakeholders in a company
- the different relationships between profits, expansion and cash flow model in the traditional accounting and financial management models
- how to monitor the success of projects, strategies and even total businesses by articulating NPVs over time
- how strategic financial management fits together in an integrative model.