Webinar: Improving Your Profits: Identifying Cost Cutting Opportunities

WS109 | 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

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