Webinar: Improving Your Profits: Identifying Cost Cutting Opportunities
WS1251 | Course | Basic | Scheduled
Description
Part of one's duty as a CPA working in industry is to safeguard the assets of the organization. Cost cutting is one way to preserve assets and maintai
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Management Services |
Designed For
CPAs, CFOs, and Controllers looking to improve profitability by streamlining expenses for their own organization or for their clients
Prerequisites
Basic knowledge of budgeting
Highlights
- What keeps companies from becoming streamlined?
- Behavioral biases
- Information processing biases
- Emotional biases
- How to deal with behavioral biases
- Connecting behavioral biases to cost cutting
- Creating a culture of cost cutting
- Rules of thumb for cost cutting
- Managing headcount
- Post-COVID common areas of excess cost
- Budgeting techniques
- Budget variances
- Benchmarking
- Common size financial statements
- Horizontal analysis
- Negotiation and contracting techniques
- Cash flow and the business cycle
Objectives
- List behavioral biases that prevent companies from being streamlined
- Identify techniques that may be used to make cost cutting a part of the company’s culture and business strategy
- Describe techniques that may be used to discern whether additional headcount is necessary
- Demonstrate vertical and horizontal financial statement analysis
- List key considerations when benchmarking against competitors
- Describe contracting and negotiation techniques
- Discuss the business cycle and how cash flow management changes during each stage
Preparation
None
Notes
This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.
You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.
Prices
- Member (Early Bird)
- $99.00
- Non-Member (Early Bird)
- $99.00
- Member
- $99.00
- Non-Member
- $99.00
Registration for this event has closed. If you have any question or concerns please
give us a call at 615-377-3825 or send us an e-mail at
registrar@tscpa.com