The Sole Practitioner – Level 2 – Advanced Practice Management

Course Outline

Are you looking to take your practice to the next level?

Established sole practitioners aiming to grow their firms face challenges like enhancing workflow management, meeting elevated client expectations, managing staff effectively, and maintaining robust cash flow.

Additionally, they need innovative strategies for attracting new clients. This growth phase requires a strategic shift from solo operations to a broader, dynamic business model.

Often, there’s little real opportunity for established sole practitioners to challenge themselves and their teams in relation to practice development.

How will this course help you?

The Advanced Sole Practitioner eLearning course covers complex aspects of managing a growing practice with staff support.

In this course, learners will dive into sophisticated strategies for workflow management, client relationship management, business expansion, advanced financial management and leadership skills required to steer your firm towards greater success.

All learners will develop a practical SMART action plan for ongoing implementation of strategies for growth and profit.

What’s this course all about ?

In this course, learners will gain insights into advanced practice management strategies, networking and market expansion, sophisticated workflow management strategies, leadership, and compliance with regulatory standards.

In this course, learners will learn how to navigate the challenges of setting up and running a practice, develop essential business plans, manage client relationships effectively, and establish efficient workflows, all of which are crucial for laying the groundwork for a successful accounting practice.

Who should enrol

Experienced Sole Practitioners: Accountants who have been running their practice for some time and are now facing the complexities that come with growth and expansion.

Practice Managers: Individuals responsible for overseeing the operations of an established accounting firm who are looking to enhance their management and strategic skills.

Senior Accounting Professionals: Seasoned accountants who have a substantial client base and are looking to expand their services, staff, and market reach.

Click here to learn about the Sole Practitioner – Level 1 – Practice Management Essentials Course

TO VIEW AND DOWNLOAD THE COURSE BROCHURE, CLICK ‘BROCHURE – DOWNLOAD’ UNDER NAVIGATION OPTIONS TO THE RIGHT. YOU CAN ALSO VIEW THE COURSE LEARNING OBJECTIVES.

Contact us directly to discuss package discounts if you have multiple learners registering for this course 

Course Content

Course outline:

1. Advanced Practice Management

• Scaling business operations for future growth
• Advanced client acquisition and retention techniques
• Keys to effective leadership in practice management
• Innovations and trends in accounting practices

2. Strategic Alliances and Networking

• Building strategic partnerships with specialists
• Leveraging professional networks for business development
• Collaborating with peers for shared growth
• Navigating competitive markets

3. Market Expansion and Service Diversification

• Identifying new market opportunities for services
• Diversifying accounting services and revenue streams
• Expanding geographic reach and client base
• Risk assessment in market expansion

4. Complex Client Portfolio Management

• Keys to managing a diverse client portfolio
• Customizing services for more complex client needs
• Advanced strategies for services growth
• Developing client advisory and consultancy roles

5. Integrated Workflow Systems

• Advanced workflow design and optimisation
• Implementing integrated software systems for workflow
• Data analytics for workflow improvement
• Enhancing client interaction through technology

6. Leadership and Team Dynamics

• Leadership principles for accounting professionals
• Managing team dynamics and motivation
• Aligning professional development with roles and interests
• Dealing effectively with performance management issues

7. Sophisticated Financial Strategies

• Strategic financial decision-making for firm growth
• Key actions to improve WIP and debtor days
• How to take control of production and productivity
• Financial strategies for merger and acquisition

8. Regulatory Compliance and Ethics

• Advanced risk management and compliance strategies
• Upholding ethical standards in a growing practice
• Dealing with client issues and concerns
• Navigating complex regulatory environments

Course Structure

• Learners can complete courses at a place that suits them, within and outside work hours
• Each learner will have a dedicated login to give them personal access to their course
• Module material includes online presentations, workbooks, PowerPoint Slides, templates, scripts and articles
• All modules also incorporate formal qualitative assessment tasks that encourage learners to develop practical actions demonstrating understanding of the concepts
• All assessment tasks are scored, with directed feedback to learners on their response
• As the learner progresses, they develop their personal SMART action list to drive change
• Managers are able to see at a glance how their staff are progressing
• All learners have access to course content for 12 months following their enrolment

Learning Process

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.