CFO Series - Creating Competitive Advantage

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  • Date/Time
    • Dec 6, 2022
    • Sign In: 7:45am (MT)
    • Program: 8:00am - 3:45pm (MT)
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  • Location
    • ISCPA Enrichment Center
      1649 W Shoreline Drive #202
      Boise, ID 83702
    • Map
  • Credits
    • 8.00
  • Credit Type(s)
    • Accounting (2.00)
    • Business Management & Organization (4.00)
    • General Ethics (2.00)
  • Prerequisites
    • Participants should have at least six months of industry experience and a thorough knowledge of financial accounting principles and practices. Additionally, participants with experience in pricing, cost accounting and strategy will find this seminar very useful.

  • Vendor
    • The Knowledge Institute, LLC
  • Level
    • Intermediate
  • Fields of Study
    • Accounting
    • Business Management & Organization
    • CFO Series
    • Finance
  • Message
    • 1/2 hour lunch included

Description

NEW EVENT

Every organization has competition, but some perform better than others.  The best have two secrets; 1) they know what is profitable, and 2) they have a clear strategy.  This event will cover how these two skills can dramatically improve financial performance.

This day of the CFO Series will focus on these four topics

  • Creating Competitive Advantage
  • Profitable Pricing
  • Contemporary Cost Concepts
  • Business Ethics: Cases from the Real World

ISCPA's 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 discussions 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.

Designed For

  • This series is for people who are, or aspire to be, chief financial officers
  • The CFO Series provides extensive case study analysis and many opportunities for group discussion
  • The discussions will be most appropriate for people in medium-sized organizations - however, EVERYONE will gain from this day!
  • Objectives

    This CFO Day:

    • Learn practices that will give your organization a competitive advantage
    • This day provides extensive case study analysis and many opportunities for group discussion

    The CFO is series was designed:

    • With the needs of CFOs and senior financial managers in mind and is geared towards enhancing the skills you rely on.
    • To provide Financial managers and CFOs with ideas which will improve their company's business processes.
    • To make planning your 2022 CPE quick and easy
    • Registering for the entire series saves you $170! Click here to save

    Highlights

    Session 1:Creating Competitive Advantage

    • 2 Business Management & Organization credits

    Boards are increasingly looking to CFOs to participate in, if not drive, corporate strategy. Most financial professionals can identify a strategy that provides a competitive advantage when they see one but may not know where to look for it. In this session, a veteran CFO will lead you through the strategy development process and then show you how to turn your organization's search for competitive advantage into reality.

    Objective: Understand how to identify a strategy that will give your organization a competitive advantage.

    Session 2:Profitable Pricing

    • 2 Business Management & Organization credits

    Three things can happen in pricing, and two of them are bad. Overpriced products are a missed opportunity, whereas underpriced products give away your products at a loss. When sales and accounting personnel fail to work together, the company risks becoming its industry's "dumb" competitor. Accountants involved in pricing can help the company understand the difference between "dog" and "gravy" opportunities with knowledge that directly translates into an improved profitability. You will leave this session understanding why the company with the best cost information wins!

    Objective: Understand how to improve profit through involvement with your organization's pricing process.

    Session 3:Contemporary Cost Concepts

    • 2 Accounting credits

    Bad cost analysis leads to bad decision making. Traditional cost accounting provides the average cost of an average product, produced in an average volume and sold to an average customer. Traditional techniques can be disastrously inaccurate when trying to understand products that are not average in every way. This session explains activity-based costing and why it gives your company a competitive advantage.

    Objective: Understand why a superior cost knowledge will provide your company a competitive advantage.

    Session 4: Business Ethics: Cases from the Real World
    • 2 General Ethics credits

    Being consistently ethical is a challenge. Most of us have had to make tough choices. This session will discuss real world cases involving thorny ethical dilemmas and how to resolve them. Being ethical is not the same as complying with the law and ethical issues are not always black and white. This session will review different professional ethical standards. What does integrity mean in the office? If you want to learn lessons from the best in a short time, this session is for you. Participate in engaging dialogue about how to prepare for the inevitable ethical situations. These lessons are valuable for every business leader.

    Objective: Gain valuable knowledge from real world cases involving thorny ethical dilemmas.

    Advanced Prep

    • Download PDF manual - view your upcoming events in "My CPE" on website
    • Review ISCPA Parking Map - found in your email confirmation

    Register Now

    Or Attend Online

    Leaders

    Bob Mims

    Bob Mims, CPA, is a financial consultant and VP Finance for promising enterprises. For 20 years, Robert has worked with numerous startup ventures and nonprofits in the roles of Strategic Planning, Business Modeling, Controller and CFO. His focus is understanding the fundamentals of profitability. Robert worked ten years as a Big Four a Senior Assurance Manager, earning National Instructor of the Year on three occasions. Robert has served on FASB Advisory committees and is based in Memphis, TN.

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