Best Practices in Finance & Accounting 2020

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 seminar, 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
     
Bottom
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
8.00
NASBA Field of Study: 
Finance