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Complete CFO Guide on Analytics,Corporate Performance Management,Budgeting,Reporting

  • CPA/ABV
  • CPA (CA)
  • CMA
  • CPA (US)
  • CVA
  • CFA

This Course is Also Available in Self Study (On-Demand)

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  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Course Description

Management accounting practices have become increasingly progressive since the 1980s. 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. Collecting, validating, and reporting data is not the same thing as analyzing information where we can glean valuable, actionable insights. In this online CPE webinar Internationally recognized expert, speaker, and author Mr.Gary Cokins will take you through how to apply Business Intelligence and Business Analytics to the Financial data, Corporate Performance Management(CPM), Budgeting & rolling Financial Statements, and Effective Management Accounting Practices

Session 1: Corporate Performance Management (CPM)

Corporate performance management (CPM) is now viewed as the seamless integration of managerial methods such as strategy execution with a strategy map and its companion balanced scorecard (KPIs); enterprise risk management (ERM); driver-based budgets and rolling financial forecasts; product, service-line, channel, and customer profitability analysis (using activity-based costing [ABC] principles); customer lifetime value (CLV); and Lean and 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 session number 1 is on a strategy map and its companion balanced scorecard (KPIs)


Critics have claimed that traditional managerial accounting is at best useless and at worst dysfunctional and misleading. Most line managers do not trust their management accounting data. 
21st Century management accounting develops cost/unit metrics that are useful for budgeting, cost analysis, and control. Activity-based costing (ABC) brings truly accurate fact-based costs with visibility. ABC does not broadly allocate overhead, but traces costs by identifying cause-and-effect relationships. Such information provides the ability to reveal the true profit margins for products and service lines as well as for specific sales channels and customers. 

The same information also helps reduce costs and improve productivity by reporting unit costs that can be benchmarked against your competition and monitoring cost trends. Removing the barriers caused by your current management accounting techniques can provide huge rewards.  

Session 3: Driver Based Budgeting & Rolling Financial Statements

The annual budgeting process is often criticized as a fiscal exercise done by the accountants that is obsolete soon after it is published, prone to gamesmanship, cumbersome, not being volume sensitive, and disconnected from the strategy and needed risk mitigation spending. You can resolve these deficiencies using capacity-sensitive driver-based expense projections. Driver-based budgeting allows for quick scenario planning and far easier analysis of a growing organization whose future may look nothing like today. The budget can be periodically refreshed to be rolling financial forecasts extending beyond the fiscal year-end. Learn how managerial accounting can become managerial economics. 

Session 4: Business Intelligence (BI) and Business Analytics (BA)

Volatility and complexity are the new normal. Most organizations are drowning in data, but starving for information. The finance and accounting function has the opportunity to leverage Big Data and the continuum of analytics – descriptive, diagnostic, predictive, and prescriptive. All are useful for better decision-making. Collecting, validating, and reporting data is not the same thing as analyzing information where we can glean valuable, actionable insights. In some ways, the finance function is many years behind other disciplines such as marketing, sales, and supply chain managers, in applying analytics. How can the CFO’s function catch up? 

Join this Online Finance CPE Webinar to view corporate performance management (CPM) as the seamless integration of managerial methods rather than as a single process and how to apply Business Intelligence and Business Analytics to the Financial data, Budgeting & rolling Financial Statements, and to learn Effective Management Accounting Practices. 

Learning Objectives

  • The difference between forecasting and predictive analytics
  • Examples for the CFO and accounting function
  • To provide an overview of all of the corporate performance management (CPM) methods.
  • To learn how to define appropriate key performance indicators (KPIs).
  • How to develop a driver-based “operational budget” based on resource capacity planning

Recommended For

This Finance CPE course for CPAs is also recommended for CMAs, CVAs, CFAs, ABVs, CFOs, Entrepreneurs, seeking to learn about various managerial methods for analytics, corporate performance, management, budgeting and reporting.

Who Should Attend?

  • Accountant
  • Assistant Controllers
  • Business Owner
  • CEO
  • Certified Management Accountant
  • Certified Valuation Analysts
  • CFO/Controller
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Director of Accounting
  • Director of Financial Reporting
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Finance Director
  • Finance Pros
  • Financial Planner
  • Finanical Analyst
  • VP Finance

Course Qualification

Webinar Qualifies For

  • 7.5 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 7.5 PL Credit for Chartered Financial Analyst (CFA)
  • 7.5 CPE Credit for Certified Valuation Analyst (CVA)
  • 7 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 7.5 CPE Credit for Certified Management Accountants (CMA)
  • 7.5 CPD Credit for Accredited in Business Valuation (ABV)

Presenter

About Presenter

Gary Cokins, CMA, MBA

Founder & CEO Analytics-Based Performance Management LLC

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. 

About Company

Analytics-Based Performance Management LLC

www.analyticsperfmgmt.com

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).

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.4

70 Ratings

Excellent

37

Very Good

27

Average

6

Poor

0

Terrible

0

CE

Cynthia Edwards, CPA (US)

Nov 20th, 2020

Yes, it was a good match for me. in addition to annual appraisal, continuous appraisal on a monthly basis and quarterly basis makes annual appraisal of our employees easy and it supports on the moment recognition of performance instead of waiting till the end of the year. Fantastic presentation

NW

Nick Wagner, CPA (US)

Nov 6th, 2020

My experience Is a challenge when I do performance to my people and hope I will learn and gain a lot so that I will know how to do performance. It was really awesome course and motivating .I learn a lot to put in practice.

VK

Vasyl Khokhla, CPA (US)

Nov 6th, 2020

This is my second course with Gary Gokins and I impressed with his ability to present a compelling course without fancy animations or other such things. I especially find the role-playing demonstrations helpful. I Will be looking at other courses by Gary in the future

SR

Scott Reed, CPA (US)

Oct 29th, 2020

To get the best out of out each individual it is definitely important to align the organizations goals and objectives with theirs. As managers we should be able to share this goals and objectives with our teams.

JB

Jacqueline Bell, ACCT/BK

Oct 29th, 2020

Relevant topics contained in this course for management in Teams and manpower. Glad it mentioned Steady performers, as not everybody necessarily wants to move up. Would have liked to see more elaboration on managing difficult situations, or under performers.

Complete CFO Guide on Analytics,Corporate Performance Management,Budgeting,Reporting

$80

7.5 Credits

Subject Area

Finance

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