Practice Management: Planning for Your Firm

This course will enable you to

• Develop an effective strategy for your firm
• Manage the internal and external risks a new practice faces
• Effectively implement your plans for your firm
• Deal with difficult people when starting a practice
• Establish benchmarks to manage risks

About the course

Every successful firm has a clear understanding of its own strategy – the path that the partners and employees wish to travel.

There is not necessarily a single right or wrong direction for a public accounting firm. Successful firms can be large or small, highly specialised or general, focusing on transaction or compliance services or high-end advisory services. Planning for Your Firm examines the business and strategic planning processes and the more detailed policies that govern the development and implementation of the strategic plan within your firm.

This course is part of a series of courses based on the IFAC Guide to Practice Management for Small and Medium Sized Practices and has been produced with the permission of IFAC.

Work through the knowledge and application modules to understand the theory and exchange your ideas with your peers. Then complete the final Putting it into Practice module to create an action plan for your practice.