Beyond Coronavirus: An Accountant's Guide to the Recovery

by Alan Nelson
access120 days access
cpd hours4 CPD hours
price£75+vat

This course will enable you to:

  • Navigate your way through these challenging times
  • Plan and build a resilient and sustainable future for your organisation
  • Understand the financial reporting implications of the pandemic
  • Decide on the role of technology in the future of your organisation
  • Lead your finance function effectively, by understanding the changes wrought by the pandemic

The coronavirus pandemic has forced us all to adapt to new work patterns and change our expectations. Economies around the world are still in various stages of lock down, and there is still much uncertainty, but now is the time to plan the future.

In this course, each topic has been carefully chosen to create a one-stop shop for recovery. The course starts with an analysis of the financial reporting implications of the pandemic, designed to ensure that you can create financial statements that provide a true and fair view of the chaos we have all experienced. It then provides an analysis of the decision making and structural changes you should consider when creating the resilient organisation of the future.

Finally, the course explores the role of technology in future planning as well as your leadership position in the post pandemic finance function. This course provides you with all the tools you will need to succeed.

Accounting for coronavirus

  • Financial reporting implications of COVID-19
  • The financial effects of COVID-19
  • Impact of COVID-19 on your business
  • Non-financial assets
  • Revenue and other income
  • Provisions, contingent assets and contingent liabilities
  • Employee benefits
  • Other issues

Business resilience and decision making

  • Difficult decisions
  • Rational models of decision making
  • Risk evaluation
  • Bad decisions
  • Biased thinking
  • Bias in accountants
  • Preventing near misses
  • A big investment
  • Prospect theory
  • Overcoming framing bias
  • Diversifying decisions

Business recovery

  • Why build resilience?
  • What is resilience?
  • The process of transformation
  • Redesigning the organisation
  • An agile innovation
  • Refining the value chain
  • Crisis management
  • Asset management
  • Paying suppliers
  • Communication in a crisis
  • Accountability and transparency

The role of technology

  • Making technology work for you
  • Getting people set up
  • Cyber security
  • Effective online meetings
  • The expanding role of technology
  • Pivoting to new products and services
  • Moving online
  • Internal services and systems

Leading the post-pandemic finance function

  • Leading in
  • The post-pandemic finance function
  • Change in your organisation
  • Business publishing at Thomson Learning
  • Leadership in finance
  • The meaning of leadership
  • Leadership in your organisation
  • Strategy and alignment in the new world
  • Opportunities for the finance function
After studying economics, Alan began his career in accountancy before moving into senior management positions in the book trade. After a successful stint as CEO of Thomson Learning, a major international textbook publisher, he founded Nelson Croom, the publisher of accountingcpd.net which he has run ever since. He has been at the forefront of the developing elearning industry and his company has twice won the prestigious award for eLearning Development Company of the Year. He retains a keen interest in economics and in management skills training. He is currently Chair of ICAEW’s Practice Assurance Committee and a member of IFA’s Regulatory Committee.
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