Creating a World-Class Finance Function

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What is a world-class finance function, and why should you want to create one in your workplace? This course will help you to implement best practice in finance and accounting to optimise quality and efficiency, and to provide the best possible service to your stakeholders.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

Creating a World-Class Finance Function

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

Creating a World-Class Finance Function

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Recognise what makes a world-class finance function
  • Meet the needs of all stakeholders efficiently
  • Create processes that add value
  • Provide effective operational control
  • Embrace change and steer the finance function forward
  • Use the simple ‘assess-plan-do-review’ framework to drive continuous improvement
  • Be an inspirational finance leader

About the course

What is a world-class finance function, and how do you create one in your workplace? Establishing a world-class finance function requires implementing best practices within the finance and accounting team to optimise quality and efficiency, putting processes in place to provide the best possible service to internal and external stakeholders, and cultivating a high performing team that works together to deliver value to the organisation.

Contents

Defining “world-class”

What does world class look like?
A world-class finance function
World-class characteristics
Overcoming the obstacles
Understand the barriers

The future of finance

The role of AI
Can AI help accountants?
Future finance skill
The right mindset
The agile accountant
The ethics of tech evolution

Prioritising stakeholders

Meet the stakeholders
Pleasing everyone
Managing stakeholders
Stakeholder analysis
Seven simple steps
Data is the key
Managing data

Value-adding finance processes

What is a business process?
Agents of change
The benefits of failing
Finance business partnering
The right priorities

Maintaining control

The finance function as controller
Exerting control three ways
Runners, repeaters, and rarities
Which controls to apply where

Your finance function toolkit

Next steps
Leadership goals
Creating the right culture
Keeping control during change
Regular check-ups

How it works

Author

Ross Maynard

Ross Maynard

Ross has worked as a consultant and trainer for over 20 years, specialising in finance processes, management information and performance measurement. He supports organisations to understand their processes; facilitates improvement teams; and supports staff to work together as a team to deliver tangible and sustainable improvements.