The Finance Business Partner
This course will enable you to:
- Become a core part of the management decision team, using financial information to influence and shape outcomes
- Help your business interpret the internal and external environment so that both financial and strategic targets can be achieved
- Understand how best to implement a successful finance business partner approach that results in an effective and respected finance business partner role
What a business needs from finance is evolving. Increasingly, back office functions have become automated and a different role, that of the finance business partner, has emerged.
The finance business partner plays a key strategic role in a business, and, as a result, has the opportunity to become a trusted business advisor. This requires a different set of skills to the traditional finance back office function. You will be expected to be strategic, focusing on the value of the information you provide, and extracting and correlating financial figures to help your business make relevant decisions, which are closely aligned with your strategic outcomes.
As a finance business partner, you need: to have credibility and influence within the management team, to be articulate and proactive in your approach and, most importantly, to have a thorough understanding of where your business can create value.
This course looks at the finance business partner role, and how you can develop to become a trusted advisor in your or your clients' businesses.
The finance business partner role
- What is the finance business partner?
- How did business partnering emerge?
- How does it compare to the traditional finance function?
- What are the benefits of the approach?
- What are the pitfalls?
- How widely used is it?
Current perceptions of finance
- How is the finance function seen by others?
- How does the finance function see itself?
- How does finance need to change?
- What are the main challenges when introducing finance business partners?
- What can go wrong?
Aligning finance business partners with business
- What is the typical focus for a finance business partner?
- What makes a good source of information?
- What are the business requirements for success?
- How do organisations develop business acumen?
- What tools can finance business partners use?
Skills for success
- Where should a new finance business partner start?
- What is a service delivery mind set?
- How can a finance business partner add value?
- Who makes a good finance business partner?
- Why is communication so important?
- How can finance business partners build good relationships?
- How can a finance business partner develop a good skill set?
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Your accountingcpd.net course counts as verifiable CPD, if you can answer "yes" to these questions:
- Was the learning activity relevant to your career?
- 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.