Published: October, 2021
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 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 and 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:
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Advisor, Gary Cokins
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).
Apr 30th, 2022
Great intro into the world of managerial accounting. As a tax CPA this is not an area I get to explore. However I am interested in pivoting to the private sector and this class was a good way to start.
Dec 9th, 2021