22WX-3683: CFO Series: February 2023 Webinar Bundle (Webinar)

Description

Who should take this program?

This series is for people who are, or aspire to be, chief financial officers

Major subjects

• Week 1: CFO Series: Accounting for Lean: Staying in Step with Lean | CPE: 2 |Field of Study: Accounting | Discussion Leader: Rob Angell, MS, CPA or Don Minges, MBA | Date: 2/3/2023 | Description: The plodding accounting conventions of yesterday can inhibit the quickly adapting operations of today. As business processes become faster, scheduling, inventory management, and data collection must change to reflect your organization's new reality. This session will help you adapt your accounting methods as the world is changing around you.
• Week 2: CFO Series: Strategy & Implementation, Prepare For Success | CPE: 2 | Field of Study: Business Management & Organization | Discussion Leader: Brian Maturi, MBA, FCA | Date: 2/10/2023 | Description: Does your business have an effective strategy? If you do - how well has it been implemented? This seminar will focus on developing an effective strategy but more importantly on effectively implementing the strategy so that everyone in the organization, from top to bottom, is aligned and working towards its overall success. Organizations that succeed are not accidents, they are not lucky. Every successful organization plans well and executes their strategic plan effectively. Come and learn how.
• Week 3: CFO Series: Detecting Internal Fraud - The Devil You Know | CPE: 2 | Field of Study: Auditing | Discussion Leader: Tracy Cooper, CPA | Date: 2/17/2023 | Description: Two-thirds of small businesses will experience some form of employee fraud according to the Better Business Bureau. About 30% of business failures result from employee fraud. Current estimates indicate businesses lose 5% of their revenues to occupational fraud, and small businesses incur higher median losses when fraud occurs. Many businesses don't have adequate controls in place to prevent and detect fraud, often because of time, staff, or financial constraints. This session will discuss common frauds and fraudsters, and how to identify realistic ways for businesses to take steps to prevent becoming the next victim.
• Week 4: CFO Series: Accomplishment Follows Failures-Experiment More! | CPE: 2 | Field of Study: Business Management & Organization | Discussion Leader: Don Minges, MBA | Date: 2/24/2023 | Description: Every success is the result of numerous experiments that failed. Every scientific advance was preceded by failures. To be direct, failures lead to success. Every failure is temporary, merely an opportunity to improve. We will review why failures are feared. Successful organizations continuously experiment, e.g., QVC, so they can learn and stay ahead of the competition. Recall the maxim - if you keep doing what do have always done, then you always get what you always got. We will demonstrate the advantages of embracing experiments as a method to improve the organization and fuel growth.

Learning objective(s)

• Week 1 - Determine the needs of those who use financial reports and focus on better metrics that your users can understand and use to make informed business decisions.
• Week 2 - Go beyond the abstract discussion of strategy, distinguish attackable market segments and align your organization for success.
• Week 3 - Identify a business fraud risk profile and create meaningful internal Controls and monitoring those controls.
• Week 4 - Understand the immense value of experiments that may not initially be successful and learn from successful organizations that have embraced experimentation.