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Course Details

Overview of Topics

  • What is Analytics-based Corporate Performance Management (CPM)?
  • What is Business Analytics? Why is it required?
  • Different pain points for increasing interest in CPM
  • How CPM acts as a value multiplier?
  • Various excuses and Real Reasons for the slow rate of adoption
  • Pointers for successful applications of Analytics-based Corporate Performance Management

Course Description

Many organizations are far from where they want and need to be with improving performance, and they apply intuition, rather than hard data, when making decisions. Corporate performance management (CPM) is now viewed as the seamless integration of managerial methods such as: 

  • Strategy execution with a strategy map
  • Balanced scorecard (KPIs)
  • Enterprise risk management (ERM)
  • Driver-based budgets
  • Rolling financial forecasts for product, service-line & channel
  • Customer profitability analysis (using activity-based costing [ABC] principles)
  • Customer lifetime value (CLV);
  • Six Sigma quality management for operational improvement. 

Each method should be embedded with business Analytics and especially predictive analytics as a bridge to prescriptive analytics to yield the best (ideally optimal) decisions. This webinar will describe how to complete the full vision of analytics-based corporate performance management.

Join this webinar to view corporate performance management (CPM) as the seamless integration of managerial methods rather than as a single process. Leave with the ability to perform "predictive accounting" for driver-based budgets/rolling financial forecasts, what-if scenario analysis, and outsourcing decisions.

Learning objectives

  • Understand how business analytics is an advance over business intelligence and where Big Data fits in.
  • How to identify and differentiate strategic KPIs in a balanced scorecard and operational performance indicators (PIs) in dashboards.
  • How to properly calculate product, service-line, channel, and customer profitability for analysis, insights and actions.
  • How to perform “predictive accounting” for capacity-sensitive driver-based budgets / rolling financial forecasts, what-if analysis, and outsourcing decisions
  • How to overcome implementation barriers such as behavioral resistance to change and fear of being held accountable

About Presenter

Gary Cokins, CMA, MBA

Advisor,Analytics-Based Performance Management LLC

[email protected]

Gary Cokins is an internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics. He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina at www.garycokins.com . Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA with honors from Northwestern University’s Kellogg School of Management in 1974.Gary began his career as a strategic planner with FMC’s Link-Belt Division and then served as Financial Controller and Operations Manager. In 1981 Gary began his management consulting career first with Deloitte consulting, and then in 1988 with KPMG consulting. In 1992 Gary headed the National Cost Management Consulting Services for Electronic Data Systems (EDS) now part of HP. From 1997 until 2013 Gary was a Principal Consultant with SAS, a leading provider of business analytics software. 

Analytics-Based Performance Management LLC. provides advisory services to organizations, consulting firms, and software vendors with their challenges to get started, implement, and leverage enterprise and corporate performance management (EPM / CPM) methods such as customer profitability analysis (using ABC), analytics, rolling financial forecasts, strategy maps, and balanced scorecards (KPIs).

Review Questions

  • Question 1 : 16:16
  • Question 2 : 33:33
  • Question 3 : 47:47
  • Question 4 : 65:55
  • Question 5 : 81:40
  1. What is the primary purpose for using analytics?
  2. Which is not a “perspective” in a strategy map and its companion balanced scorecard?
  3. What has primarily caused indirect expenses (overhead) to displace direct expenses?
  4. What has primarily caused indirect expenses (overhead) to displace direct expenses?
  5. What are some reasons that the annual budgeting process is being criticized?
  1. What is the main purpose of applying business analytics?
  2. Which is not one of the 8 forces causing interest in CPM?
  3. Which is not a “perspective” in a strategy map and its companion balanced scorecard?
  4. Which is the most superior and comprehensive cost accounting method?
  5. What type of expenses is increasingly the most important to calculate costs to increase profits?
  6. How can a supplier destroy shareholder and owner wealth?
  7. What is an essential requirement for reliable \"predictive accounting\"?
  8. Which stage in the ROI on the information chart is the highest stage?

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to [email protected] in case of any self study program queries.

Reviews

4.7
(34)
50%
50%
0%
0%
0%
AK
Ashley Kosky , CPA
Speaker did a great job!
CD
Cedrick Draper , Bookkeeper
Platform is exceptional

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upcoming On-Demand Webinars

Ignite Fire Within You
Friday, September 13, 2019 View Details/Register
EMAIL EXTINGUISHER - SIMPLE STEPS TO SHRINK THE INBOX
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DOES YOUR CLIENT OWN SHARES IN FOREIGN CORPORATION? IMPACT OF TJCA
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BIGGEST DISRUPTION IN STAFFING FOR ACCOUNTING FIRMS
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INTERNATIONAL TAX: CONCEPTS IN A GLOBAL SOCIETY
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INTERNATIONAL TAX FOR THE GROWING BUSINESS
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PRE-IMMIGRATION TAX PLANNING STRATEGIES
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CYBERSECURITY – DO’S AND DON’TS in 2019
Friday, September 20, 2019 View Details/Register
The Real Truth about Reverse Mortgages
Friday, September 27, 2019 View Details/Register
ACCOUNTING & CPA FIRMS - TRANSFORM #1 CHALLENGE OF STAFFING INTO AN OPPORTUNITY
Friday, September 27, 2019 View Details/Register
CALSAVERS - CALIFORNIA'S MANDATORY RETIREMENT PROGRAM
Friday, September 27, 2019 View Details/Register
OUR NATIONAL RETIREMENT CRISIS AND THE COSTS TO EMPLOYERS
Friday, September 27, 2019 View Details/Register
HOW TO BECOME THE TOP ACCOUNTANT IN TODAY'S WORLD
Friday, September 27, 2019 View Details/Register
THE BIG DEBATE: PASSIVE VS. ACTIVE INVESTING
Friday, September 27, 2019 View Details/Register
MEASURING AND MANAGING CUSTOMER PROFITABILITY
Friday, September 27, 2019 View Details/Register
  • Cost $9
  • CPE Credits 1.5
  • Subject Area Finance
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date September 27 ,2019
  • Published Date September 27 ,2019
  • Who should attend? Finance Pros Accountant CFO/Controller Business Owner Xero Advisor QB Pro Advisor CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Accounting Firm CPA (Industry) Young CPA Entrepreneurial CPA Outsourced CFO
  • Handout Material Download
  • Key Terms Download

upcoming On-Demand Webinars

Ignite Fire Within You
Friday, September 13, 2019 View Details/Register
EMAIL EXTINGUISHER - SIMPLE STEPS TO SHRINK THE INBOX
Friday, September 13, 2019 View Details/Register
DOES YOUR CLIENT OWN SHARES IN FOREIGN CORPORATION? IMPACT OF TJCA
Friday, September 13, 2019 View Details/Register
BIGGEST DISRUPTION IN STAFFING FOR ACCOUNTING FIRMS
Friday, September 13, 2019 View Details/Register
INTERNATIONAL TAX: CONCEPTS IN A GLOBAL SOCIETY
Friday, September 13, 2019 View Details/Register
INTERNATIONAL TAX FOR THE GROWING BUSINESS
Friday, September 13, 2019 View Details/Register
PRE-IMMIGRATION TAX PLANNING STRATEGIES
Friday, September 13, 2019 View Details/Register
CYBERSECURITY – DO’S AND DON’TS in 2019
Friday, September 20, 2019 View Details/Register
The Real Truth about Reverse Mortgages
Friday, September 27, 2019 View Details/Register
ACCOUNTING & CPA FIRMS - TRANSFORM #1 CHALLENGE OF STAFFING INTO AN OPPORTUNITY
Friday, September 27, 2019 View Details/Register
CALSAVERS - CALIFORNIA'S MANDATORY RETIREMENT PROGRAM
Friday, September 27, 2019 View Details/Register
OUR NATIONAL RETIREMENT CRISIS AND THE COSTS TO EMPLOYERS
Friday, September 27, 2019 View Details/Register
HOW TO BECOME THE TOP ACCOUNTANT IN TODAY'S WORLD
Friday, September 27, 2019 View Details/Register
THE BIG DEBATE: PASSIVE VS. ACTIVE INVESTING
Friday, September 27, 2019 View Details/Register
MEASURING AND MANAGING CUSTOMER PROFITABILITY
Friday, September 27, 2019 View Details/Register