ACCOUNTINGCPD.NET

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Accountingcpd.net offer over 100 online CPD courses on a wide range of topics, selected specifically with your needs in mind.  Accountingcpd.net covers core subjects as, Financial Modelling, Professional Skills, Business Performance Management and many more.

How to access accountingcpd.net’s courses:

  • Choose the subject area that interests you the most
  • Click through to accountingcpd.net to see all the courses available on that topic
  • Add the courses you want into your basket and purchase directly from accountingcpd.net

Once you have registered for an account you can log in at any time that suits you and revisit your course whenever you like during your access period. You’ll also be able to take advantage of special offers exclusive to AIA members.

Unless otherwise stated all courses are: 4 CPD units | £75 (+VAT) | 120 days access

FREE! Click here for free taster courses.

EXCEL@ACPD

Price: £250+vat
Access: 365 days

Mastering Excel is essential for every professional accountant. This innovative, online service is designed specifically for accountants and finance professionals to help them make the most of this powerful tool.

excel@acpd is the only Excel CPD programme that is designed for accountants. It takes the powerful features of Excel and looks at how you can apply them in your role, to become more sophisticated, more accurate and more efficient.

What’s included?

  • A catalogue of online courses with a new release every month
  • A new CPD Bite every two weeks provides short tips and tricks in a digestible 15-minute format
  • Quizzes to help you decide where to focus your learning
  • Coming soon! Polls – tell us what's important to you or what you find challenging and we'll make sure it's covered
  • Coming soon! The chance to get involved and see where you can climb to on the excel@acpd leaderboard

Until the end of April Accounting CPD are running a 40% discount off excel@acpd for all AIA members. Just use the Code AIAEXCEL, Click HERE for more information. 

COURSES

TAX

TAX

Tips and tricks every accountant should know.

GAAP

GAAP

UK & Irish GAAP and more.

IFRS

IFRS

Understand and apply the international standards.

FINANCIAL MODELLING

FINANCIAL MODELLING

Explore why and how models are used by businesses.

MANAGEMENT CONTROL

MANAGEMENT CONTROL

Performance management and improvement.

FINANCE

FINANCE

Secure and manage business finance.

RISK, GOVERNANCE & PROFESSIONALISM

RISK, GOVERNANCE & PROFESSIONALISM

Minimise risk for you and your clients.

MERGERS & ACQUISITIONS

MERGERS & ACQUISITIONS

Guidance on buying, selling and due diligence.

BUSINESS COMPLIANCE

BUSINESS COMPLIANCE

Briefings on key compliance topics.

MANAGEMENT THINKING

MANAGEMENT THINKING

Keep up to date with the latest management concepts.

PROFESSIONAL SKILLS

PROFESSIONAL SKILLS

Grow and develop as a professional.

PRACTICE MANAGEMENT

PRACTICE MANAGEMENT

Secrets of successful practices.

NEW

NEW COURSES

A complete listing of all recently published courses.

A-Z

A-Z

A complete A-Z listing of our courses.

   

BLOG

GLOBAL TRENDS - WHY IS PEST IMPORTANT FOR ACCOUNTANTS?

PEST is a methodology for analysing the external factors that affect the sector an organisation operates in. The letters stand for:

      • Political
      • Economic
      • Social
      • Technological

These factors are normally beyond an organisation's control. However, they can have a profound impact on the organisation, either as threats or as opportunities.

You may also have heard it described as a PESTLE analysis. This longer acronym also includes legal and environmental factors.

So why is it important to do a PEST analysis? The answer is that we need to be aware of the context within which we operate if we are to avoid being caught out by events beyond our control, and are going to make ourselves ready to take advantage of opportunities. We spend so much of our time looking inwards, analysing what we do and how we can do it better, that the opportunity to look up and outwards is valuable.

Political

The common theme appears to be the process of globalisation and the extent to which this is undermined by the battle for supremacy between the US and China, and the rise of populism in many parts of the world. The collateral damage of trade wars will be felt by many.

Environmental matters are also high on many agendas, with policies to combat climate change being adopted at varying speeds across the world. In accounting, the move towards a more sustainable approach to corporate reporting progresses slowly, with the adoption of Integrated Reporting much more advanced in some countries than others.

The continuing political rictus of Brexit in the UK is likely to have an influence across Europe and beyond, whilst the developing situation in Hong Kong is particularly tense and requires close monitoring.

Economic

Despite the perceived political volatility in many regions, the economics of most areas is relatively stable. The major threat to growth comes in the form of trade wars.

The battle between the US and China is the most significant, but trade tariffs are back on the agenda in many areas. Add to this the possibility of the UK crashing out of Europe on WTO terms and global trade could take quite a hit.

Social

In several regions, population growth has led to a shortage of affordable housing. This often leaves younger populations with less prospect of living independently than previous generations. Ageing indigenous populations are also a feature in developed areas, with falling birth rates creating the need for immigration to fill labour shortages.

Multi-cultural and multi-ethnic populations find ways to live together harmoniously, but any change can threaten this balance, albeit generally temporarily.

A growing awareness of climate change issues is affecting most countries and has begun to alter consumer behaviour. For example, as well as moves towards sustainable forms of energy and transport, more widespread and systematic recycling, and a push to reduce plastic usage and waste, recent statistics also show a significant move away from meat products to plant-based substitutes in some regions. This will create issues for some businesses and opportunities for others.

Technological

The two most important technological issues for accountants across the globe are the growing popularity of cloud accounting and the tightening of data protection legislation.

If you have SME clients, mobile apps could be the solution to getting them to keep better, more accessible records, and making it part of their everyday routine.

In the SME sector there are great opportunities for simple data analysis. If you are involved in producing management accounting information to help business managers or owners make good decisions, it has never been as cheap or as straight forward to look for possible strategies by interrogating data.

Meanwhile online tools - payment systems, banking etc - are no longer the preserve of big corporations. You may not be in the business of developing AI tools, but the software providers are investing heavily and producing some great productivity enhancements.

For those in larger organisations, it is all about big data. So, it’s time to get up to speed with Power BI as Microsoft moves its pivot table generation into a new platform.

But what about your business or your clients? AI, Blockchain, 5G networks are all headed your way and may have a significant impact depending on what sector you operate in.

In conclusion, the parts of a PEST analysis that are most important will vary according to your industry. Regardless of where is best for your business to focus remains a fact that a change of focus is required. To help make the best decisions, it is critical we understand both the current context in which we operate, and the likely future developments.