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This course will enable you to
- Explain why short-term cost-cutting often harms long-term growth
- Make cost optimisation an ongoing, collaborative effort across the business
- Align cost decisions with strategy, customer needs, and financial visibility
- Understand the role of cost discipline and resilience in navigating change
- Recognise how employee performance and ethical choices impact cost outcomes
About the course
Cost optimisation is no longer just a response to pressure, it is a strategic tool to fund growth and a competitive necessity. But success depends on knowing where optimisation will be most effective. In a rapidly changing world, cost transformation must be dynamic, embedding a culture of discipline for a sustainable future. Accountants have a key role in shaping an effective and sustainable cash transformation strategy.
This course explores the practical realities of building an organisation-wide cost transformation strategy. It examines common pitfalls, how to engage internal teams in the cost agenda, and how to drive value through supplier relationships. You'll explore smarter approaches to cost-cutting, and how to align optimisation with business operations.
You’ll discover how technology can enhance customer experience, reduce costs, and deliver greater sustainability in cost transformation. The course also considers the accountant’s ethical responsibilities, and how integrity and good judgement can guide businesses through cost transformation with confidence.
Look inside
Contents
- Cost optimisation and accountancy
- What is cost optimisation?
- Cutting indirect costs
- When inflation challenges business revenue
- Avoiding cost fatigue
- A balanced approach
- Developing a fresh approach
- Prepare for anything
- Strategic cost optimisation
- The importance of planning
- Reviewing supplier contracts
- The importance of dynamic cash forecasting
- Wealth from innovation
- Innovate to create wealth
- Revenue from innovation
- Building operational resilience
- Performance from purpose
- Pricing optimisation
- Sustainably transforming costs
- Creating cost discipline
- Managing liquidity
- The role of digital tools
- The growing cost of data
- Nurturing business performance
- Changing habitual behaviour
- Risk and reward
- Spotlight on corporate culture
- Optimising business operations
- Looking ahead
- Turbulent times
- Unethical choices and sustainability
- The cost of conflict
- The rise of social value
How it works
Reviews
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Why not upgrade?Find the best way to complete your CPD | CourseNeed just a few unitshourshours? | Pick n MixAll you need for this year's CPD. | LicenceAll you need for this year and more. | TeamKeep your whole team up to date. |
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Access to this course | ||||
Total CPD unitshourshours | 4 unitshourshours | 21 units20 hours21 hours | 1,500+ unitshourshours | 1,500+ unitshourshours |
Access period | 120 days | 120 days | 12 months | 12+ months |
Audit-proof CPD completion certificate | ||||
Immediate access to our entire CPD catalogue | ||||
Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more! | ||||
Account manager on hand to support your team’s needs | ||||
Learn more | Learn more | Learn more | ||
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Use AAT101 for 10% off any purchase.