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CFOs & controllers: Build a Cost-focused Culture

  • Accountant
  • CPA (CA)
  • CFE
  • CMA
  • CPA (US)
  • CA - ICAEW
  • ACCA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: November, 2019

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • What is culture? The Importance of culture in an organization
    5 mins
  • Role of Finance in establishing a culture
    7 mins
  • What is Cost culture?
    11 mins
  • Traits of the best cost cultures
    20 mins
  • How to build a Cost-focused culture?
    27 mins
  • Supporting cost-focused culture with technology - Examples
    43 mins
  • Rules of the road for making decisions in Cost-Focused culture
    49 mins

Course Description

Though cost-cuts provide once in a while solution to an entangled business, creating a cost-focused culture is the long-term approach that businesses can target instead. A cost-focused culture is creating a mindset that looks for value on an ongoing basis.

In popular opinion, cost control is a function of management. However, to deliver effective cost controlling a behavioral commitment and provision & understanding of necessary cost information are vital. The cost-focused culture creates a mindset of focusing on cost-value comparison in all the tasks. This process is woven into the fabric of all the decision-making such that it remains constant regardless of business cycles.

This webinar is aimed to provide an understanding of what a cost-focused culture is and how businesses can implement it. It will provide insights as to how you can use best-in-class finance teams catapulting costing and cost transparency to transform leaders’ ability to make effective decisions. It will also emphasize that the cultural shift in this regard is more than just an improved procedure. It requires a change in the employees’ attitude so that it can beat the one-time cost-reduction drive and its requirement in the future. 

This online CPE webinar will be an attraction if you are struggling with the lack of ERP costing capabilities or are overwhelmed with spreadsheets. It will also give ideas about building a robust product costing culture.

This Free CPE webinar covers the following Key Topics: 

  • Understanding a strong costing culture 
  • Benefits of strong costing culture 
  • Costing as a competitive advantage for identifying opportunities and enabling strategies 
  • How to start on the path of better costing

This will be a very interesting subject in Business Management and Organization for the CPAs, Accountants, Bookkeepers, and other Finance Professionals to support their clients.

Learning Objectives

  • To identify what is a strong costing culture
  • To recognize how companies benefit from strong costing culture
  • To identify the role of finance in establishing a culture
  • To establish costing as a competitive advantage to identifying opportunities and enabling strategies
  • To get started on the path to better costing by defining the rules, tools, & data involved 

Recommended For

  • This online CPE webinar on Business Management is recommended for CPAs, CMA, CFE, ACCA, CA-Scotland, CFO, Controllers, and Other Accounting - Tax – Finance professionals who desire to build a cost-focused culture for delivering better services for their clients. 
  • This online CPD webinar is also recommended for CPAs in Canada who desire to help their client in building cost-focused culture.

Who Should Attend?

  • Accountant
  • Auditors
  • Bookkeeper
  • CFO/Controller
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Finance Pros
  • Non Profit Pros
  • Outsourced CFO

Course Qualification

Webinar Qualifies For

  • 1 CPD Credit of Business Management and Organization for Chartered Professional Accountant (CPA Canada)
  • 1 CPE Credit of Business Management and Organization for Certified Management Accountants (CMA)
  • 1 CPE Credit of Business Management and Organization for Certified Public Accountants (CPA-US)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit of Business Management and Organization for Accountant/Bookkeeper/Tax Professionals
  • 1 CPE Credit of Business Management and Organization for Certified Fraud Examiner (CFE)
  • 1 CPD Credit for CA - ICAEW
  • 1 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Adrian Rochofski

Advisor, 3C Software

Energetic and results-driven business operations / controlling professional with experience providing efficient solutions connecting the world of Data, Software Platforms, and Better Decision Making. Repeated success instituting innovative financial and reporting strategies across operational processes at large Fortune 500 companies. Enjoys building profitable partnerships, and driving teams to achieve business results that stick!

About Company

3C Software

www.3csoftware.com

Whether your goal is to implement a fundamental period-end cost accounting system or a future-looking scenario analysis tool, ImpactECS from 3C Software delivers meaningful, accurate, timely and actionable data to business leaders in manufacturing, distribution and services industries.

Since 1988, 3C Software has focused solely on developing cost accounting and profitability systems for end-users and business leaders that integrates with existing systems handle multiple cost scenarios simultaneously, allows for unlimited detail elements, and includes security and audit functionality.

Faq

FAQs content

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Ratings and Review

4.4

967 Ratings

Excellent

517

Very Good

326

Average

109

Poor

13

Terrible

2

SH

Shannon Hobby, CPA (US)

Dec 7th, 2020

The webinar was very interesting and provided some information about cost culture that I had not really thought about.

CL

Christine Levin, CPA (US)

Dec 15th, 2021

Thought-provoking seminar on how to integrate analytics into the culture

CP

Christina Palmitier, Accountant, CPA (US)

Sep 13th, 2021

The webinar was well done. I had problems at time with the sound.

MH

Margaret Hoekstra, CPA (US)

Dec 20th, 2019

It was a little dry, but relevant to the current business climate

DS

Dale Scrimger, CPA (US)

Aug 4th, 2022

The real life examples and the simplification of the information

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