Modern Accounting

Pressure to survive in business has resulted in new ways of doing things, and the finance function is no exception.

Driving change. Integrating organisational excellence into business strategy - Driving change through the understanding of key business processes

Process mapping. Identifying the main processes and sub-processes that lay the foundation for management information

Activity based thinking. Highlighting the importance of costing activities rather than merely capturing costs

Advanced costing techniques. Life-cycle and target costing - Theory of constraints - Back-flush accounting

Implementing total quality mind-set

Risk management strategies

Re-inventing through re-engineering

Accounting for automated technologies

Intellectual capital

Continuous improvement and feedback. Balanced Scorecard - EFQM Excellence Model - Benchmarking

Evaluating advanced costing techniques
Identifying and managing risk
Re-engineering processes
Identifying and costing activities
Assessing the cost of quality
Using non-financial measures to improve financial performance