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CFO Series: Preparing for Growth — Best Practices Simulcast

 Tue, 11/16/2021 from 8:00 am to 3:30 pm
 Online
 
8.0
22 / 3-673W
Hot Event
Registration is Open
Member Price
$220.00 Early Registration (through 10/18/2021)
Your Price
$320.00 Early Registration (through 10/18/2021)
Designed For:

CFOs and those who aspire to be CFOs

Prerequisite:

Management experience

  • This CFO Series day focuses on issues relating to growing organizations. This course is one part of a five-part series for CFOs.

    • Advanced capital budgeting for effective decisions — Because we operate in a dynamic, ever-changing market, why do we typically use static capital budgeting models? Traditional, static models are not enough. An integrated capital budgeting approach will result in greater overall returns and stronger impact to the bottom line. 
      • Identify impacting working capital level
      • Describe policies associated with working capital management
      • 10 ways to collect your money
      • Make AP a tool to enhance our supply chain’s potential
      • Use benchmarking metrics to manage and track the effectiveness of AR and AP in cash management
    • Optimizing working capital management — Cash is “king,” but it does not manage itself. This session will explore short-term, mid-term and long-term cash management techniques and attempt to answer these issues: 
      • How can we shorten the cash conversion cycle?
      • How can we use technology to improve receipts?
      • How working with vendors and customers can help cash management efforts.
      • How working capital loans depend on our collateral and overall debt capacity.
      • How banks and other lenders fit into our long-term cash and capital needs.
    • Preparing for the unexpected: Look at what has happened — Recently we all have experienced dramatic changes in business, society and life. Were we really prepared? Have you ever heard the phrase, “What you don’t know can’t hurt you?” Nassim Nicholas Taleb, in his book The Black Swan, postulates that it is exactly what we don’t know that can hurt us the most. The risks we need to be most concerned about are the risks we cannot identify or predict. Taleb calls these risks “Black Swans.” This session will discuss some historical black swan events, understanding the biases that we all have, how statistics and heat maps can lead us to incorrect conclusions, and, more importantly, discuss how financial professionals and their organizations can prepare for a future we cannot even envision.
      • Understand how to better prepare for an uncertain future and minimize risk. 
         
    • Closing best practices: Shorten month-end — Surveys show that the average North American company completes its monthly financial statement closing in six days. However, some companies can close their books in one day or less. You don’t have to sacrifice accuracy for speed. This session will show you how to close month-end faster, better and cheaper.
      • Understand how to perform your month-end closing faster, better and cheaper.  

    Delivery Method: Group internet-based
    CPE Credit: Accounting, Auditing, Finance
    Program Level: Intermediate
  • The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

    For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.