Loading...

Improving Your Profits—Identifying Cost-Cutting Opportunities

Online

# of CPE Credits

2.5

Description

Please note: This course will expire on Wednesday, April 30, 2025 at 11:59 pm ET. Please complete the course AND submit credit before the deadline. 
For licensing purposes, all CPE applies to the calendar year in which a course was taken and completed.
Save a copy of your Certificate of Completion for your records. Once submitted, your CPE hours will also reflect in your official CPE transcript.
 
Part of one’s duty as a CPA working in industry is to safeguard the assets of the organization. Cost cutting is one way to preserve assets and maintain a company’s competitive position in the industry. However, what keeps us from ridding our organizations of unnecessary costs? In this course, we will look at the factors that prevent our companies from being as streamlined as they could be. By using statistics and survey data, we will attempt to show how to better negotiate and navigate budgeting and contracting decisions. We will also discuss financial statement analysis techniques, benchmarking, and cash-flow management in an effort to better cut costs and maintain the long-run viability of an organization.

Event Level: Basic
Who Should Attend: CPAs, CFOs, and controllers who are looking to improve profitability by streamlining expenses for either their own organization or their clients
Required Knowledge: Basic knowledge of budgeting
Advanced Preparation: Basic knowledge of budgeting
Vendor: Peters Professional Education
Speaker: Peters, David

Objective

* List behavioral biases that prevent companies from being streamlined * Identify techniques that may be used to make cost cutting a part of the company’s culture and business strategy * Describe techniques that may be used to discern whether or not additional headcount is necessary * Demonstrate vertical and horizontal financial statement analysis * List key considerations when benchmarking against competitors * Describe contracting and negotiation techniques * Discuss the business cycle and how cash flow management changes during each stage

Credit Types

  • Management Services: 2.5

Event Speaker(s)

David Peters

Event Level:Basic
Event Code:OD006524
Event Vendor:Peters Professional Education
Fields of Study:Management Services
Tags:New Course, 2 hour
Other fields:

    Registration Fees

    RegistrationTypePrice
    On Demand (2.5 hours)Members$120.00
    On Demand (2.5 hours)Non Members$260.00

    CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

    For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.