AICPA members receive an additional $30 off the registration fee for this course.
Discount made at the time of checkout. Qualifying members should have received a promo code via email – if you are unsure whether you qualify, or you lost/never received your code, please call the LCPA Member Service Center at 504.464.1040 or 800.288.5272.
When an organization fails, it is usually due to several factors. These problems often result from a number of undetected, poor practices that infect and grow throughout the entire organization. They can include a lack of understanding of costs, poor asset allocation, systems that support the status quo, failure to identify risk, tunnel vision by management, and so on. Often, management will repeat poor practices across the enterprise. For example, do you think a so-called "budgeting crisis” is normally due to the budget, or actually hidden, existing problems that were uncovered due to the budgeting process? This course demonstrates the use of practices, techniques, and analytical tools specifically designed to assist CPAs and other financial professionals in adding value to their company. These areas include decision-making, cost and capacity management, selected accounting practices, understanding business cycles, managing continuous improvements, cash management, valuation techniques, and risk management. Examples of actions by both successful and failed organizations are used throughout the session.
Designed for: Owners, controllers, treasurers, financial officers, and other financial managers in organizations with less than $250 million in sales
When you complete this course you will be able to:
• Identify, and correct, practices that can negatively impact an organization.
• Isolate and measure cost drivers and trends.
• Improve capital allocation processes and capacity management.
• Prepare for, and navigate an organization through the business cycle.
• Initiate and manage a variety of improvement programs.
• Implement cash management systems and consolidate them into an organization’s plans.
• Identify and manage risk throughout the enterprise.
• Techniques and ideas to establish and maintain an effective organization
• Examples of successful and failed companies as a source of learning
• Discussions concerning the impact of the components of costs, capacity, and M&A activity
• Identification of broad measures that provide insights into the direction of the economy
• Practical ideas to improve forecasting
• The role of CPAs in acquisitions and divestitures
• Framework and methods to uncover and manage risk
Requisite Knowledge: Management experience in accounting, finance, or operations
Speaker: Ron Rael
Field of Study: Management
CPE Credits: 8
Early Bird (through 10/6)
Standard (after 10/6)