When an organization fails, it is usually due to several factors. These
often result from a number of undetected, poor practices that infect and
grow throughout the entire organization. They can include a lack of
understanding of costs, poor asset allocation, systems that support the
status quo, failure to identify risk, tunnel vision by management, and
so on. Often, management will repeat poor practices across the
enterprise. For example, do you think a so-called “budgeting crisis” is
normally due to the budget, or actually hidden, existing problems that
were uncovered due to the budgeting process? This course demonstrates
the use of practices and techniques specifically designed to assist CPAs
and other financial professionals in adding value to their company
through improved decision-making, cost management, understanding
business cycles, managing continuous improvements, cash management, and
risk management. Examples of actions by both successful and failed
organizations are used throughout the session. Topics Discussed:
Techniques and ideas to establish and maintain an effective
organization Examples of successful and failed companies as a source of
learning Identification of broad measures that provide insights into
the direction of the economy Practical ideas to improve forecasting
Framework and methods to uncover and manage risk