This course will cover how organizations can leverage profitability and strategy to dramatically improve financial performance. Learn practices that will give your organization a competitive advantage.
DESIGNED FOR
People who are, or aspire to be, CFOs in midsize organizations, as well as business leaders, CFOs, accountants, corporate financial managers, business owners, risk managers, controllers, entrepreneurs, consultants and the professionals who advise them.
BENEFITS
Develop an understanding of the following areas:
1. Identifying a strategy that will give your organization a competitive advantage
2. Improving profit through involvement with your organization’s pricing process
3. Having superior cost knowledge to provide your company a with competitive advantage
4. Creating models that will assure your organization is selling its products at a profitable price
HIGHLIGHTS
Creating Competitive Advantage
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.
Profitable Pricing
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.
Contemporary Cost Concepts
Hear an explanation of activity based costing and why it gives your company a competitive advantage.
Cost and Pricing Models: Creating an Effective Tool
Review how to use activity-based costing data to build accurate costing models that consider far more than just the labor and materials necessary to provide goods and services.
COURSE LEVEL
Intermediate
PREREQUISITES
Participants should have at least six months of industry experience and a thorough knowledge of financial accounting principles and practices. Additionally, participants with experience in pricing, cost accounting and strategy will find this seminar very useful.
ADVANCE PREPARATION
None