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

Learning Objectives

• 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
• To explore how to apply “predictive accounting” for capacity-sensitive driver-based rolling financial forecasts, what-if analysis, and outsourcing decisions.

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 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)
• Linking strategy and risk to the budget
• 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

  9 mins
• What has caused interest in Corporate performance management (CPM)?

  18 mins
• Vision and Mission statements

  31 mins
• Scorecard lessons being painfully learned

  48 mins
• CPM is Circulatory and Simultaneous

  64 mins
• Management versus leadership

  88 mins
• Mistrust of the managerial accounting system for transparency

  100 mins
• Standard costing over - and- under-costs production

  126 mins
• Why do customer-related costs matter

  145 mins
• Lean accounting - The process view

  177 mins
• Linking strategy and risk to the budget

  206 mins
• Confusion and lack of consensus about business analytics(BA)

  246 mins
• Recursive partitioning / Decision trees

  282 mins
• The intelligence hierarchy

  316 mins