Course

CFO Series: Preparing for Growth - Virtual Only

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Event Details

Monday, November 15, 2021

8:00am – 4:00pm
(Registration: 7:30am)

Location

Facility Pending

Webcast Only

Field of Study

  • Accounting
  • Auditing
  • Finance

CPE Credit

8 hours CPE credit

Course Code

CFOS421-46

Instructor

Don Minges

Level of Knowledge

Basic

Vendor

The Knowledge Institute

Prerequisites

Management experience.

Description

All materials will be electronic only

The CFO Series provides a convenient, one-stop way for senior level financial managers and executives, CFOs and those who aspire to be CFOs, to choose multiple days of CPE with a single decision. Each day consists of an expert leading discussion about four different topics. The CFO Series features high-quality presentations and an interactive, executive level colleague-to-colleague approach with case studies, group discussions, and team exercises.  

Each topic and each day stands on its own. If you are not sure about making a multi-day commitment, sign up for just a single day.  We think you will come back for more!

This CFO Series day focuses on issues relating to growing organizations.

The 4 Topics Discussed

Advanced Capital Budgeting
Since we operate in a dynamic, ever-changing market, why do we typically use static capital budgeting models? Traditional, static models are not enough.  An integrated capital budgeting approach will result in greater overall returns and stronger impact to the bottom line.

  • Identify impacting working capital level
  • Describe policies associated with working capital management
  • Ten ways to collect your money
  • Make AP a tool to enhance our Supply Chain’s potential
  • Use benchmarking metrics to manage and track the effectiveness of AR and AP in cash management

Working Capital Management
Cash is “King”, but it does not manage itself.  This session will explore short-term, mid-term, and long-term cash management techniques and attempt to answer these issues:• 

  • How can we shorten the cash conversion cycle? 
  • How can we use technology to improve receipts?
  • How working with vendors and customers can help cash management efforts.
  • How working capital loans depend on our collateral and overall debt capacity.
  • How banks and other lenders fit into our long-term cash and capital needs.

Preparing For the Unexpected: Look at What Has Happened
Recently we all have experienced dramatic changes in business, society, and life. Were we really prepared? Have you ever heard the phrase, “What you don’t know can’t hurt you”? Nassim Nicholas Taleb, in his book The Black Swan, postulates that it is exactly what we don’t know that can hurt us the most. The risks we need to be most concerned about are the risks we cannot identify or predict. Taleb calls these risks “Black Swans.” This session will discuss some historical black swan events, understanding the biases that we all have, how statistics and heat maps can lead us to incorrect conclusions, and, more importantly, discuss how financial professionals and their organizations can prepare for a future we cannot even envision.

Closing Best Practices: Shorten Month-End
Surveys show that the average North American company completes its monthly financial statement closing in six days. However, some companies can close their books in one day or less. You don’t have to sacrifice accuracy for speed. This session will show you how to close month-end faster, better and cheaper.

Objectives

Understand how to better prepare for an uncertain future and minimize risk.

Designed For

This series is for people who are, or aspire to be, chief financial officers.  We target the discussions to people in medium-sized organizations.

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