Applying Profit Focused Accounting

Designed for CFOs, Controllers, CPAs, Internal Auditors, Management Accountants

One Day Program -- 8 CPE Credits

---

Description

This program provides hands on learning and application of the tools presented in Dynamics of Profit Focused Accounting which includes the new business, accounting, and reporting model that utilizes the components of throughput accounting. Simplified application of the balanced scorecard and activity-based management are presented as tools and enablers for use with throughput accounting. The program offers practical hands-on financial and management decision-making tools for business managers to measure performance and effectively utilize knowledge management and strategy alignment to achieve greater profitability.

Objectives Participants learn to apply The Theory of Constraints and the use of throughput accounting for product and pricing decision analysis. Performance measurements are delineated and linked with strategy utilizing the balanced scorecard approach to set the right targets and build the scorecard. Application of activity-based management is taught in an understandable fashion for continuous improvement and root cause identification. Value-based management and measurement is spelled out together with a clear explanation of EVA and its implications. All the critical elements of corporate performance management and measurement are presented during the program.

Agenda Application of TOC Throughput Accounting Application Measurement Metrics Simplifying the Balanced Scorecard Applying Activity-Based Management Value Management and Measurement EVA and Weight Average Cost of Capital Measuring Intellectual Capital and Knowledge Management