Strategic Financial Management

Code : 3/58

Why Attend This Training Course?

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. This training course will help you think about the role of accountancy in a new dynamic world and helps further develop the skills and confidence to manage the strategic aspects of finance.

What Is The Training Course Methodology?

ACAD Corp’s methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as Theoretical Lectures, Workshops, Open discussion to exchange opinions and experiences, Scenarios, innovative thinking brainstorming and teamwork, Role-play and simulation, and Audiovisual tools and materials. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. Training material will be presented in English and Arabic.

Who Should Attend This Training Course?

The training course is designed for technical and middle departments that help senior management in offering both the required information and analysis to make investment decisions, particularly,
  • Financial departments
  • Projects evaluation units
  • Information analysis and collection units

What Is The Training Course Objectives?

  • Acquire the skills and knowledge of contemporary strategic accounting tools in reducing costs
  • Learn new methods in maximizing profitability while maintaining quality
  • Train on how to rationalize the use of available material and human resources
  • Raise awareness among participants of the importance of reducing costs and its impact on production and control sales

What Is The Training Course Curriculum?

Strategic Accounting Tools
  • Strategic Accounting Concept
  • Components of strategic accounting
  • Strategic Cost Analysis Approach
  • Strategies for achieving competitive advantage
  • Cost Leadership Strategy
  • Featured product strategy
  • Specific focus strategy
  • Analysis of value chains and its role in cost reduction
Value Chain Approach (Concept - Basics - Components - Steps)
  • Value - added measurement tools for the unit across the value chain
  • Method of estimating the value of the activity from the resources of the establishment
  • Value Index Table
  • Matrix competitors' pressure
  • List of profitability of value chain elements
  • Use a value chain approach in reducing cost
  • Cost model of product attributes
  • Model of adding value to product attributes
  • Method of excluding non-host elements of value
  • The role of strategic position analysis in achieving product differentiation strategy
Product Differentiation Strategy (Concept - Characteristics - Ingredients - Risk of Success)
  • General Framework for Strategic Position Analysis
  • Collecting strategic information
  • Analysis of the internal strategic position (SWOT matrix)
  • Analysis of the Strategic External Position (Strategic Options Matrix)
  • Expanded matrix to assess conduct according to strategic position
  • Modern accounting approaches to reduce cost
Targeted Cost Approach (Inputs - Utilities such as Quality Spread Matrix, Supplier Analysis and Activity Based Management)
  • Continuous improvement approach
  • Other cost cutting tools
  • Quality measurement and management system
  • Measurement stages
  • Quality report and decision-making
  • System of measurement and management of energy costs
  • Idle power report
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