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Linking internal reporting to strategy
Overview
You will be exposed to ways of evaluating reporting practices and will see how internal reporting processes are used. You will also be shown approaches that enable you to integrate functional and technical processes and understand the very important social aspects of process integration.
This course covers six key areas:
- Overview of internal reporting.
- 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.
After first considering the role, purpose and limitations of internal reporting, we focus on achieving organisational alignment and clarity, by linking internal reporting to strategy.
This course will assist you to gain a clear picture of the strategy and direction of an organisation, after which it is possible to considering the design of the strategic performance measurement system, which involves creating performance measures and linking them together.
This course consists of one online course, including a downloadable PDF learning manual and one multiple choice online assessment.
What you'll learn
At the conclusion of the course you should be able to:
- 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.
Who is this for ?
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.
