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IT Financial Management Course

  • Duration:1 Day
  • Cost:£539 + VAT
  • Ref:CIMA98

Addressing financial management within the IT arena.

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Cost £539.00 Duration 1 day Code CIMA98

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What's this?

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Who is it for

This course is suitable for financial controllers, financial managers and financial planners in all medium to large organisations.

What is it about

The course assessing an IT cost base and the role financial management has to play.   It provides a good introduction into IT Finance operating models and will establish an appropriate IT Finance process.

The courses identifies why and when IT service charging should be used and the associated challenges and benefits, how to design your IT service charging model and the recharging process.

THIS COURSE IS RUN BY CIMA MASTERCOURSES

Course Overview

The following key subjects will be covered:

  • Assessing an IT cost base and the role financial management has to play
  • An introduction to IT finance operating models
  • Key components of designing a successful IT finance operating model
  • Establishing appropriate IT finance processes
  • Why and when IT service charging should be used and the associated challenges and benefits
  • Designing your IT service charging model -theory and leading practice principles
  • The recharging process – from purchase to pay to recharge
  • How IT services may be charged and used to suppoprt the green agenda
  • Performance management of the IT budget
  • Use of the balanced scorecard to support IT financial management
  • Implementation options and practical challenges
  • Managing the transition to new models, processes and charging regimes
  • Supporting case studies from the public sector and private sector

What will I get out of it?

  • An understanding of the finance processes associated with IT financial management
  • Knowledge of the key operating model components required to manage an IT cost base
  • A structured methodology for designing an IT service charging model
  • An insight into how other organisations have tackled financial management across the IT function
  • An appreciation of  what real benefits can be delivered and of the cultural change needed

Accredited by

CIMA Mastercourses for CPD purposes

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