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

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 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: 

• Companion balanced scorecard (KPIs)
• Enterprise risk management (ERM)
• Driver-based budgets, rolling financial forecasts, and continuous refreshing 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 continuum of analytics for better decision making?

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Learning Objectives

• To provide an overview of all of the corporate performance management (CPM) methods
  
• To explore balance scorecard, designing a strategy map, and defining 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 the interest in BI and BA.
• To identify the analytics continuum and differentiate between forecasting and predictive analytics

Recommended For

• This Online Continuing Professional Education webinar is recommended for CPAs, CIAs, CMAs, and Other Professionals who desires to help their clients with better decision making
• This Online CPE webinar is also recommended for CPAs in Canada who wants to help their clients in achieving better performance through strategic decision making

Who Should Attend?

Webinar Qualifies For

• 8 CPD Credit for Chartered Professional Accountant (CPA Canada)
• 8 CPE Credit of Finance for Certified Public Accountants (CPA-US)
• 8 CPE Credit for Certified Management Accountants (CMA)
• 8 CRE Credit for Certified Corporate FP&A Professional (FPAC)
• 8 CPD Credit for Accredited in Business Valuation (ABV)
• 8 PL Credit for Chartered Financial Analyst (CFA)
• 8 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
• 8 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
• 8 CE Credit for Certified Wealth Strategist (CWS)
• 8 General Credit for Accountant/Bookeeper
• 8 CPD Credit for CA - ICAEW
• 8 CPD Credit for Chartered Certified Accountants (ACCA)
• 8 CPD Credit for Chartered Accountants - Ireland (CAI)
• 8 CPD Credit for Chartered Accountants - Scotland
• 8 CPD Credit for CPA - Ireland

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