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
Your Price: $99.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.