CPE Course CFO Series: Preparing for Growth
The objective toThe CFO Series provides a convenient, one-stop way for CFOs and those who aspire to be CFOs, to an entire year of CPE with a single decision. Each day consists of an expert leading discussion about four different topics. The CFO Series features high-quality presentations and an interactive, executive level colleague-to-colleague approach with case studies, group discussions, and team exercises.
Each topic and each day stands on its own. If you are not sure about making a multi-day commitment, sign up for just a single day. We think you will come back for more!
This CFO Series day focuses on issues relating to growing organizations.
Advanced Capital Budgeting for Effective Decisions
2 Finance credits
Since 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
· Ten 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
Objective: Understand how to develop capital budgets in a growing company environment.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.
Objective: Gain new ideas for managing your organizations working capital.Making Internal Audit an Asset for the CFO
Sarbanes Oxley (SOX) created a specific deliverable for Internal Audit causing many CFOs to underutilize this important resource by not focusing on the other areas where Internal Audit can improve controls and productivity and reduce cost and risk.
· Overlooked benefits your Internal Audit function can provide
· Developing finance personnel
· Broadening finance staff assignments
· Creating guest auditor rotations to develop and share best practices
· Improving operational auditing
· Enhancing compliance auditing
· Creating third party auditing process to ensure outsourced risk is managed
· Driving a culture of control
Objective: Gain insights into how internal audit can become an asset for the CFO.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.
Objective: Understand how to perform your month-end closing faster, better and cheaper.
The Knowledge Institute