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

Learning Objectives

• To provide an overview of all of the corporate performance management (CPM) methods
• To explore a balanced scorecard, design a strategy map, and define appropriate key performance indicators (KPIs) for motivation and incentives
• To explore how to use ABC to manage product, service line, channel, and customer profitability
• To identify how to measure customer lifetime value (CLV) for retail customers, compare ABC with time-driven ABC, resource consumption accounting (RCA), and apply “Attributes” to assess “value-added costs” and “costs of quality (COQ)”
• To explore the shift to rolling financial forecasts, dealing with resource capacity planning, integrating Enterprise Risk Management with CPM, and applying Target Costing for new products and services
• To recognize why there is an increased interest in BI and BA.
• To identify the analytics continuum and differentiate between forecasting and predictive analytics

Course Description

Management accounting practices have become increasingly progressive since the 1980s. Many organizations are far from where they want and need to be in 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 full-day, Online CPE Webinar Internationally recognized expert, speaker, and author Gary Cokins will take you from applying corporate performance management to applying business intelligence and analytics to financial information. 

Corporate performance management (CPM) is now viewed as the seamless integration of managerial methods such as strategy execution with a strategy map. Once implemented it links the strategies of an organization to their plans and execution, therefore helping organizations succeed. In this webinar, we will explore different types of performance management tools how they work, and how can they provide the best results for decision-making when embedded with business analytics.

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. Enter 21st Century management accounting developed cost/unit metrics. The webinar will explore how to gain its value for budgeting, cost analysis, and control. 

This online CPE webinar will also explore driver-based budgeting for scenario planning and analysis of a growing organization. It will also delve deep into how driver-based budgeting can help roll financial forecasts, cash flow projections, and more.

To lead to better decisions, data needs to be analyzed and converted into intelligence. Though understanding this is very easy, we all know that despite drowning in data, a business starves for actionable information. The webinar also explores how you can generate the data and make it available in such a way that it smoothens the production of its conversion into business analytics and business intelligence for all the departments.

Any professional who knows the application of these skills will remain in demand because of its universal requirement and better results. This Online CPE webinar will bring you up to speed on the concepts, nomenclature, applications, and tools associated with data analytics and business intelligence. 

This online CPE webinar on Finance will cover the following key topics: 

• Companion balanced scorecard (KPIs)
• Enterprise risk management (ERM)
• Driver-based budgets, rolling financial forecasts, and continuous refreshing of rolling financial forecasts
• Product, service-line, channel, and customer profitability analysis (using activity-based costing [ABC] principles)
• Customer lifetime value (CLV)
• Lean and Six Sigma quality management for operational improvement
• How activity-based costing can be useful?
• Identifying key budgeting process issues
• Risk assessment grid
• Linking strategy and risk to the budget
• How to deal with Resource Capacity Planning
• Integrating Enterprise Risk Management with CPM
• Risk managers: Friend or foe of executives
• The intelligence hierarchy
• How you can leverage big data and a continuum of analytics for better decision-making?

Click for more webinars on Accounting & Auditing 

Overview

• Drowning in Data but Starving for Information

  8 mins
• ABPM's three major components

  27 mins
• Constructing Your Strategy Map

  57 mins
• The "Law of the Lid"

  86 mins
• What has Caused Interest in CPM?

  109 mins
• Combined ABC and Project Accounting

  135 mins
• KPI Linkage of Customer Profits to the Scoreboard

  152 mins
• Costing Continuum / Levels of Maturity

  182 mins
• Vision and Mission Statements

  218 mins
• The Intelligence Hierarchy

  264 mins
• What Pressures Cause Interest in Business Analystics

  300 mins
• Baseball has received much attention

  353 mins