Virtual CFO Advanced – Guidelines to financial reporting and strategic decision making for vCFOs
16 CPD Hours
AUD $800+GST Per learner
The vCFO as business advisor
Digitisation and financial analytics in a fast-paced world are transforming the traditional CFO (Chief Financial Officer) role. Effective vCFOs do a lot more than providing financial reports to business owners. They help their clients make strategic and operational decisions based on the information they provide. To do this, they must be familiar with not only financial reporting tools and techniques, but also with the way reports are used to identify issues and develop solutions.
What is a vCFO?
A Virtual CFO s a seasoned accounting professional, providing specialised financial management advice to a portfolio of small/medium businesses rather than just a large one. They proactively manage the present, provide reliable insights about the past as well as plan the future.
vCFOs are actively involved in formulating, implementing, and reviewing strategy. Forming strong relationships with key stakeholders allows them to communicate across the business and influence decision making.
vCFOs establish reporting foundations, systems, strategic plans, budgets, forecasts as well as cash flows to ensure there is adequate funding in place to seize opportunities and grow. In addition, they assess risks, continuously improve processes and implement internal controls to give owners peace of mind.
A VCFO is the most cost-effective way to access expertise for businesses that haven’t yet reached the size to afford these essential CFO capabilities in-house or on a full-time basis.
What’s this course all about?
This advanced eLearning course is designed to provide a comprehensive guide to financial reporting at a compliance and management level.
The course will also provide vCFOs, partners and managers with clear guidelines in relation to client engagement and management strategies.
Over 8 modules, we’ll discuss the key financial reporting techniques and strategies to engage with business clients at an operational and strategic level.
We’ll also review some of the key challenges that vCFOs face in engaging business clients and developing strong ongoing relationships.
Who’s it for?
This course is suitable for vCFOs, partners and managers who are already involved in providing financial reporting services and want to go to the next level with a high quality of financial advice.
Course learners should have first completed the Virtual CFO Essentials eLearning Course – Click here
This course has been developed in conjunction with the Virtual CFO Association of Australia who are subject matter experts. Visit vcfoassociation.com.au
This course consists of 8 modules:
1. The Virtual CFO role
2. Small Business Financial Management
3. Key Principles of Effective Budgeting
4. Key Principles of Financial Forecasting
5. Management Reporting and Compliance
6. Key Principles of Cashflow Management
7. vCFO Engagement Challenges and Solutions
8. vCFO Implementation Challenges and Solutions
CPD – This course is worth 16 CPD hours
Our self-paced eLearning courses follow a 4-step process in relation to learning objectives:
All modules are structured with specific learning objectives and assessment tasks. Learners are expected to demonstrate that they understand learning objectives and can apply concepts through completion of the assessment tasks. A SMART action planning template is used to consolidate specific actions and to ensure that a timeframe for completion is established and followed. Regular review of progress is ensured through commitment to completing the course.
This was a worthwhile course to undertake. It was thought provoking and highlighted the fact that virtual CFO services need to be approached from a different perspective than compliance engagements that tax accountants traditionally undertake
The course was very informative and well presented.
The vCFO Advanced online course was an excellent add on for my practice. The easy to follow, self paced, 8 module course was perfect for me as I allocated time each week to complete one module. The presenters made it easy to understand the content and the assessment tasks reinforced the learnings from each module. Action tasks were then documented for further follow up. Overall an excellent investment in time and hopefully a very good return on investment as vCFO enagagements are implemented down the track. I was looking for a course that interested and challenged me and I found it.
Very useful, have been completing this course in conjunction with a wider advisory course through the Institute. Discussion has been very complementary and providing practical steps with vCFO and wider advisory services.
The course was very insightful and helped me analyse my business and find solutions to challenges that the business is facing.