Best Practices in Finance & Accounting Self-Study Webinar (10 Hours)

Overview: 

Keeping up with the latest best practices is challenging. Understanding how they may apply to your organization and how they interrelate is imperative! To make your finance and accounting world class, you need to use a cross-functional approach. In this unique self-study webinar, you’ll learn how to:

  • Execute your organization’s strategies and reach your goals by optimizing finance and accounting processes across all functions
  • Select and prioritize best practices
  • Evaluate potential costs and benefits and make the right decisions
Objective: 

To arm accounting and finance professionals with an arsenal of best practices now being applied by today’s leading organizations. You’ll discover many practices you can employ immediately with little or no cost, as well as ones that require advanced technologies but can pay off quickly. You’ll learn how to challenge traditional accounting paradigms and prioritize the practices that will work best for your organization.

Emphasis: 
  • Applying a Lean methodology to accounting, control, measurement, and processes
  • Utilizing the balanced scorecard to align achievement of goals and objectives to the organization’s vision and strategy
  • Developing a human capital financial statement/advanced metrics
  • Consolidating, outsourcing and offshoring: motivations and benefits vs. challenges
  • Deploying shared service centers
  • Aligning the back to front offices with a financial service center mindset
  • Evaluating the benefits and risks of cloud computing
  • Applying Best Practices to Planning and Budgeting
  • Aligning working capital to the supply chain
  • Maximizing deployment of various payment cards
  • Expanding e-payables, e-receivables and e-payments
  • Optimizing inventory investments
  • Best Practices in Treasury and Working Capital
  • Applying Best Practices to the General Ledger and Reporting
  • Techniques to streamline the financial close
  • Other Best Practice thoughts and opportunities:
    – Fraud
    – Travel and Entertainment
    – Capital Assets

Identify certain key statistics regarding entities and their use of best practices according to recent surveys

Recognize the traditional definition of best practices

Recognize common components of best practices

Recognize the best practices overall process flow

Identify certain key attributes of best practices and their characteristics

Identify the modern role of finance and accounting in business

Identify current global economic trends

Recognize the attributes of today’s world class finance organizations

Recognize the primary characteristics of a lean methodology in business

Identify examples of waste under the lean methodology

Identify the perspective from which the lean methodology is viewed

Identify the primary motivations behind the lean methodology

Recognize typical achievements of shared services and outsourcing

Recognize those tasks most amendable to outsourcing

Recognize advantages and disadvantages of shared services and outsourcing

Recognize disadvantages of global offshoring

Identify characteristics to look for in selecting an outsourcer

Identify the advantages and disadvantages to outsourcing the IT function

Identify the characteristics of cloud computing

Identify the terminology associated with common cloud computing services

Recognize the premise behind “the balanced scorecard”

Recognize the perspectives from which “a balanced scorecard” views and analyzes an organization

Recognize the role of human capital in an organization
 

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Price: 
$249.00
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
10.00
NASBA Field of Study: 
Finance