Dynamic Business Models for Strategic Management Accounting (Video) (Course Id 2394)

All professional bodies for management accounting urge their members to go beyond their traditional financial reporting role and deliver "strategic management accounting" (SMA) support to their organisations' leaders.

This short course starts by explaining just what this bigger role implies:

• dealing with a considerably wider range of information than accountants normally work with
• capturing - quantitatively and rigorously - how the non-financial parts of the business actually function as a working system, and deliver financial results

The course then explains:

• what "strategic management accounting" is – or should be!
• what common Strategy methods can offer - and their limitations
• why all SMA services really need a functioning business model
• a simple example of a complete dynamic business model
• how such models can fulfil the wide range of SMA needs

Who is the course for?
The course is valuable for leaders, for accountants and analysts, and for modelers already familiar with dynamic business models:
Leaders – what you should expect from strategic management accounting (SMA)
Accountants/analysts/consultants – how much more SMA can achieve with dynamic business models
Modelers – the case you can make for the value of dynamic business models in strategic management accounting

Course Learning Objectives

• Identify the diverse tasks of "strategic management" you need to support, beyond just the Business Plan
• Select the few accounting methods that can support leaders in managing their organisation's strategy
• Critically assess what common Strategy methods can contribute to an organisation's strategy, and avoid their limitations
• Explain to colleagues and senior leaders the demanding requirements of truly strategic management accounting
• Justify the use of dynamic business models in your work, based on the features and value they offer