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