Management Accounting Masterclass

Tax season is just around the corner, and there's no better time to invest in your professional development.

Description

Start time - 8am Perth time (AWST)

 

About the workshop

Step beyond the confines of traditional tax accounting with our Management Accounting Masterclass, crafted for Senior Executives, in-house accountant teams, accounting firms, and sole practitioners.

This two half-day program is the perfect opportunity for professionals seeking to deepen their strategic financial expertise, offer more comprehensive services to their clients, and to make the best financial decisions for the organizations they serve.

Our engaging and practical workshop is designed to empower you with the knowledge and skills to harness the full potential of management accounting. With a focus on interactive learning, expert insights, and real-world applications, attendees can expect an educational experience that is informative and backed with humour and real-life case studies.

Key learning modules

Read and analyse financial statements:

Uncover the narrative behind the numbers. Learn to interpret financial statements like a seasoned management accountant. We'll guide you through identifying key performance indicators and conducting trend analysis, enabling you to measure performance against the most crucial business success factors.

Break-Even Modelling:

If your prices were to drop by 5%, how many more clients &/or additional income would be needed to retain the same level of profitability? If you needed new employees, how many more sales would you need to make to cover the cost? This session will ensure you can quickly and easily evaluate the real cost of your decisions and their effect on your business's bottom line.

Profit Planning and Cash Flow Forecasting:

Interpreting  ‘budgets’, their accuracy and the picture they paint of the future is essential for successful leadership.  Gain insights into the art of budgeting and the significance of accurate forecasts. Discover how to breathe life into financial predictions and manage the implications of changing income levels. This interactive session will equip you with practical knowledge to understand the crucial interplay between sales, profit, and cash flow, enhancing your strategic decision-making capabilities.

Value a business and improve its worth:

Explore the concepts of business valuation and strategies to boost shareholder value. Learn about the factors that influence a company's worth and how to implement improvements. This session will provide you with the understanding and tools needed to evaluate your business's value and develop plans to increase its financial strength and market standing.

 

Who Should Attend

Senior Managers, board members, entrepreneurs.  Irrespective of industry or level of experience this session will be of incredible value.  Finance is a critical pillar of all businesses, participants will have the confidence and skills to effectively deal with financial partners, set plans and understand the consequences of business decisions.

For event enquiries, please email eventsanz@thomsonreuters.com