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Best Practices for Enterprise Financial Management

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Website | Edit Freely


Deadline: April 12, 2017 | Date: April 12, 2017

Venue/Country: Online

Updated: 2017-03-09 17:05:42 (GMT+9)

Call For Papers - CFP

Management accounting practices have become increasingly progressive since the 1980s. What are the best practices? They include channel and customer profitability reporting, integration with enterprise performance management methods (e.g., strategy maps, balanced scorecard), capacity-sensitive driver-based rolling financial forecasts, fast accounting period closing of the books, chargebacks from shared services like IT, and applying analytics. Accounting professionals need mastery with these.

Why Should You Attend

Areas Covered in this Webinar

The expansion from product costing to include channel and customer profitability reporting and analysis.

The integration of managerial accounting with other enterprise and corporate performance management (EPM/CPM) methods (e.g., the balanced scorecard, incentive compensation, risk management, supply chain management).

The shift from historical reporting to predictive accounting (e.g., marginal / incremental costing; capacity-sensitive driver-based rolling financial forecasts, performance-based and driver-based budgeting, customer lifetime value [CLV] ).

Reducing the time period of the monthly accounting closing of the books.

Chargebacks to internal users and service level agreements of information technology (IT) and shared services.

Imbedding analytics into managerial accounting (e.g., correlation and segmentation analysis, recursive partitioning with decision trees).

Recognition of barriers slowing the adoption rate of advanced managerial accounting (e.g., resistance to change, being held accountable, weak leadership) to gain buy-in.

Learning Objectives

How best practices o EPM have expanded accountants from “bean counters” to “bean growers.”

How to calculate profit and loss statements for customers displaying profit margin layers.

How to identify and differentiate strategic KPIs in a balanced scorecard and operational performance indicators (PIs) in dashboards.

How to perform “predictive accounting” for capacity-sensitive driver-based budgets / rolling financial forecasts, what-if analysis, and outsourcing decisions

How to imbed statistics and analytics into product, channel, and customer profitability analysis.

How to overcome implementation barriers such as behavioral resistance to change and fear of being held accountable.

Who Will Benefit

- CxOs

- CFOs

- Financial officers and controllers

- Managerial and cost accountants

- Financial and business analysts

- Budget managers

- Strategic planners

- Marketing and sales managers

- Supply chain analysts

- Risk managers

- CIO and information technology staff

- Board of Directors

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Keywords: Accepted papers list. Acceptance Rate. EI Compendex. Engineering Index. ISTP index. ISI index. Impact Factor.
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