Virtual
CFO Series: Growth Opportunities for CFOs: Value Added CFOs
Date: Feb. 11, 2025
Time: 12 – 2 p.m. PT
Overview
Many CFOs place too much emphasis on external financial and statutory compliance reporting for government regulatory agencies and not enough on corporate performance management (CPM) methods including internal management accounting. The former is for valuation (e.g., inventories and COGS). The latter is for "creating wealth value" to support better decisions. This course provides tools and information for how CFOs can transition from bean counters to bean growers. The best CFOs not only keep score, which is necessary, but they enable the organization to score more, which is much more valuable. Developed By: The Knowledge Institute, LLC.
Product Code
1000003120-127715
Credit Type
CPE: 2CPE-Technical: 2Intended Audience
Any professional interested in more about the challenges and opportunties in identifying and defining environmental, social, and governmental efforts within their organization and measuring and reporting on those efforts to make their organization more efficient and profitable. Corporate financial managers, business owners, entrepreneurs and professionals who advise them, especially those with audit/risk responsibility, Corporate financial leaders, CEOs, CFOs, Controllers, Accountants, and Board Members. CPAs in public practice and CPAs in industry
NASBA Field of Study
Finance
Level of Difficulty
Intermediate
Prerequisites
At least six (6) months of professional financial statement analysis experience and familiarity with accounting principles and organizational performance improvement initiatives
Advance Preparation
None
Learning Objectives
Major Subjects
- Best practices for product, service line, channel, and customer profitability (using activity-based costing [ABC])
- Strategy management using strategy maps, balanced scorecards, and dashboards
- Process improvement using lean management with lean accounting
- Process improvement using quality management and cost of quality
- Capacity-sensitive driver-based budgeting and rolling financial forecasts
- Enterprise risk management (ERM)
- Data Science and analytics
Faculty
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