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PRODID://NDCP//514296
BEGIN:VEVENT
DTSTAMP:20260429T131531
VTIMEZONE:America/Chicago
DTSTART:20270407T180000Z
DTEND:20270407T200000Z
UID:514296
SUMMARY:Surgent's Improving Your Profits: Identifying Cost Cutting Opportunities (IYP2)
LOCATION:Webinar
DESCRIPTION:Surgent's Improving Your Profits: Identifying Cost Cutting Opportunities (IYP2)\n\n04/07/27 01:00 PM CST\n - 04/07/27 03:00 PM CST\Description:\nPart 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.Objectives:
 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 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
 Presenters:Dave Peters, CPA, CFP, CLU, CPCU, MST, MBAField of Study:Management Services (2)Major Topics:
 What keeps companies from becoming streamlined? 
 Behavioral biases
 Information processing biases
 Emotional biases
 How to deal with behavioral biases 
 Connecting behavioral biases to cost cutting
 Creating a culture of cost cutting
 Rules of thumb for cost cutting 
 Managing headcount
 Post-COVID common areas of excess cost
 Budgeting techniques
 Budget variances
 Benchmarking
 Common size financial statements
 Horizontal analysis
 Negotiation and contracting techniques
 Cash flow and the business cycle
 \Location:\nWebinar\n\n,
X-ALT-DESC;FMTTYPE=text/html:Surgent's Improving Your Profits: Identifying Cost Cutting Opportunities (IYP2)<br /><br />04/07/27 01:00 PM CST - 04/07/27 03:00 PM CST<br />Description:<br />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.<br><br><b>Objectives:</b><br><ul>
    <li>List behavioral biases that prevent companies from being streamlined</li>
    <li>Identify techniques that may be used to make cost cutting a part of the company&rsquo;s culture and business strategy</li>
    <li>Describe techniques that may be used to discern whether additional headcount is necessary</li>
    <li>Demonstrate vertical and horizontal financial statement analysis</li>
    <li>List key considerations when benchmarking against competitors</li>
    <li>Describe contracting and negotiation techniques</li>
    <li>Discuss the business cycle and how cash flow management changes during each stage</li>
</ul><br><b>Presenters:</b><br>Dave Peters, CPA, CFP, CLU, CPCU, MST, MBA<br><br><b>Field of Study:</b><br>Management Services (2)<br><br><b>Major Topics:</b><br><ul>
    <li>What keeps companies from becoming streamlined?&nbsp;</li>
    <li>Behavioral biases</li>
    <li>Information processing biases</li>
    <li>Emotional biases</li>
    <li>How to deal with behavioral biases&nbsp;</li>
    <li>Connecting behavioral biases to cost cutting</li>
    <li>Creating a culture of cost cutting</li>
    <li>Rules of thumb for cost cutting&nbsp;</li>
    <li>Managing headcount</li>
    <li>Post-COVID common areas of excess cost</li>
    <li>Budgeting techniques</li>
    <li>Budget variances</li>
    <li>Benchmarking</li>
    <li>Common size financial statements</li>
    <li>Horizontal analysis</li>
    <li>Negotiation and contracting techniques</li>
    <li>Cash flow and the business cycle</li>
</ul><br />Location:<br />Webinar<br /><br />,  
PRIORITY:3
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