Innovation for Accountants

by Anna Faherty
access120 days access
cpd hours4 CPD hours

This course will enable you to:

  • Think about what innovation is and why it is important
  • Identify different types of innovation
  • Encourage innovation within your company
  • Discover how to evaluate and select appropriate ideas
  • Develop ideas into projects that work
  • Find ways to assess and manage risk
  • Convert ideas into results

Innovation is all about generating and implementing new ideas, breaking the mould to deliver business success. This course shows you why innovation is important, how to create and select great ideas and how to realise them in your own organisation.

You will appreciate how creativity can grow from crisis, consider alternative business models and try out some practical tools for idea generation and risk management. Innovation will teach you how to contribute effective new ideas to a range of situations within your organisation.

Innovation and you

  • What is innovation?
  • Why is innovation important?
  • What types of innovation are there?
  • What are the main types of innovation?
  • What are the main sources of innovation?
  • How is innovation different from what I do every day?
  • What skills do I need to become an innovator?
  • When should I think innovatively?
  • Where does innovation fit within my organisation?

Context and theory

  • Why does innovation matter to the outside world?
  • What theory should I be aware of?
  • Why doesn't everyone innovate?
  • How do organisations encourage innovation?
  • How do organisations deal with the financial challenges of innovation?
  • What external incentives are available for innovative business projects?

Ideas and opportunities

  • How do I generate ideas and opportunities?
  • What tools can I use?
  • Where can I find inspiration?
  • How do I run a brainstorming session?
  • How do I evaluate and select appropriate ideas?
  • How should I talk about my ideas?
  • How do I convert ideas into results?

Implementing ideas

  • What makes a great idea work in practice?
  • What do I do if my idea doesn't fit in to my organisation's business model?
  • What other business models are there?
  • How should I manage an innovative project?
  • How do I monitor and evaluate an innovative project?
  • When should I change or cancel an innovative project?

Managing change and risk

  • How do people respond to change?
  • What approaches can I use to manage change?
  • How do I avoid risk?
  • How can I assess the risk of an innovative project?
  • What is an acceptable level of risk?
  • What do I do if no-one wants to take the risk?

Anna Faherty is a writer, editor, researcher and educator who works across the publishing, museum and science communication sectors.

She collaborates with a diverse range of organisations to help them develop profitable products and effective, audience-focused communications. Her clients include the British Museum, Oxford University Press, Pearson and the V&A.

A scientist by training, Anna built up almost two decades of commercial product development and management experience, gained in higher education and professional publishing, before setting up her own consultancy business. She has also served as the Trustee of a small local museum and is sensitive to the needs of international audiences, having studied and worked in the UK, Australia, South Africa and the Seychelles.

Anna has delivered workshops and webinars for ACCA and the AIA and has lectured at City University, Kingston University, Oxford Brookes University and University College London. She is the author of two books (both published by Wellcome Collection) and her research paper on novel business models was recognised by an international award for excellence.

You can find out more about Anna's professional experience at:, or follow her on Twitter at @mafunyane.

ACCA logo

ACCA partner with to provide high quality CPD for members. As an ACCA member, you are required to complete at least 40 relevant units of CPD each year, where one unit is equal to one hour. 21 units must be verifiable; the other 19 can be non-verifiable.

Verifiable CPD
Your course counts as verifiable CPD, if you can answer "yes" to these questions:

  1. Was the learning activity relevant to your career?
  2. Can you explain how you will apply the learning in the workplace?

You select courses that meet these criteria, and as you complete each course you get a CPD certificate so you can provide ACCA with the evidence that you undertook the learning activity.