Course

**CANCELLED** Risk, Cost & Cash Management for Controllers & Financial Managers - Virtual Only

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Event Details

Thursday, August 6, 2020

12:30pm – 4:00pm
(Registration: 12:00pm)

Location

Fairmont Hot Springs Resort

1500 Fairmont Rd

Fairmont, MT 59711

406-797-3241

Field of Study

  • Management Services

CPE Credit

4 hours CPE credit

Course Code

CL4TKBP-20

Instructor

Level of Knowledge

Intermediate

Vendor

AICPA

Prerequisites

Management experience in accounting, finance or operations.

Description

After much thought, MSCPA has decided to take all our CPE Classes till the end of December 2020 to virtual, this includes all conference. The risk of COVID-19 is just too high and we would not want any of you to get sick at one of our classes. All materials will be electronic.

When an organization fails, it is usually due to several factors. These often result from a number of undetected, poor practices that infect and grow throughout the entire organization. They can include a lack of understanding of costs, poor asset allocation, systems that support the status quo, failure to identify risk, tunnel vision by management and so on. Often, management will repeat poor practices across the enterprise. For example, do you think a so-called "budgeting crisis" is normally due to the budget or actually hidden, existing problems that were uncovered due to the budgeting process? This course demonstrates the use of practices and techniques specifically designed to assist CPAs and other financial professionals in adding value to their company through improved decision- making, cost management, understanding business cycles, managing continuous improvements, cash management and risk management. Examples of actions by both successful and failed organizations are used throughout the session.

Highlights

  • Techniques and ideas to establish and maintain an effective organization
  • Examples of successful and failed companies as a source of learning
  • Identification of broad measures that provide insights into the direction of the economy
  • Practical ideas to improve forecasting
  • Framework and methods to uncover and manage risk

Objectives

When you complete this course you will be able to:

  • Identify and correct practices that can negatively impact an organization
  • Determine and measure cost drivers and trends
  • Recall how to navigate an organization through the business cycle
  • Apply and manage a variety of improvement programs
  • Apply cash management activities and consolidate them into an organization’s plans
  • Identify and identify how to manage risk throughout the enterprise

Designed For

Owners, controllers, treasurers, financial officers and other financial managers in organizations with less than $250 million in sales.

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