Learm how to link strategy to internal reporting to help support management activities, such as planning, controlling, evaluating and decision making.
Overview
Develop your knowledge and application tools to enable you to link your internal reporting processes to strategy. Internal reporting is the information that is provided to managers and employees to support their activities (planning, controlling, evaluating, and decision making) in running the organisation on a day-to-day basis. This course aims to provide a strategy approach that combines theory with practical application so that you can feel comfortable about applying this knowledge in your own workplace.
Key topics:
- Linking internal reporting processes to strategy
- Identifying critical success factors and performance measures
- Setting benchmarks and performance targets
- Combining measures into an overarching internal reporting process
- Designing and implementing an integrated internal reporting process
This course consists of one online course and one online assessment.
Objectives
- Discuss the importance of internal reporting and the limitations that exist in many organisations
- Map out the purpose of internal reports in terms of meeting stakeholder needs
- Construct internal reports from the initial performance measures, through to key performance indicators, and develop scorecards that address organisational goals and objectives
- Design internal reports that align the mission, vision and strategy of the organisation to its budget and reporting processes
- Discuss the difficulty of integrating the internal reporting processes to allow for the seamless acquisition, recording and reporting of information
Audience
This online course is designed for people working in corporate entities, small to medium enterprises and not-for-profits, in areas such as management accounting, financial management and financial control.