Profitability Analytics Center of Excellence

How do you become a Management Accountant? Many?of you already know the steps to become a CPA, but the steps to become a management accountant may not be as well known. Get the details for each step in my LinkedIn article (link below). Here is one path... 1. Educational Background. Obtain a bachelor's degree. 2. Certification. Consider obtaining professional certification. 3. Internships and Entry-Level Positions. Gain practical experience. 4. Excel and Specialize. Become proficient in tools and software. 5. Networking. Build your professional network. 6. Apply for Positions. Apply for management accounting positions. 7. Build Skills. Develop key skills including strong analytical, communication, and problem-solving skills. 8. Continue Education. Consider advanced degrees. 9. Stay Informed. Keep up with industry trends like changes in accounting standards and regulations, etc. 10. Professional Development. Pursue ongoing professional development. Remember that the specific requirements may vary depending on the employer and industry. Always check with potential employers and relevant professional organizations to understand their specific expectations and preferences for management accounting positions. To share this info with your followers, please leave a comment, like, and repost it. Link to the full article here: https://lnkd.in/g5NFvWnb --------------- ? Follow us??♀?????♀??? for more insights ? Subscribe ?? to our monthly newsletter #managementaccounting #education #accountingandaccountants Denise Probert, CPA, CGMA ??enjamin Kofi Quansah, CMA, CGBA, CGMS, MBA, PGP-DSBA Gary Cokins *Assistance from #chatgpt

What is PACE? ( ?? sound up for Monday moves ?? ) The Profitability Analytics Center of Excellence (or PACE) is a non-profit organization comprised of volunteer professionals providing education, research, and community around profitability analytics -- to you. You may have seen some of our FREE content in the form of podcasts, articles, eBooks, and webcasts already. There is a lot more. ? We don't sell software ? We don't provide consulting ? We do have a network of consultants and software vendors that can help you implement our framework using tools of your choice when you are ready. Our Profitability Analytics (PA) Framework was designed to help finance and accounting make better business decisions by providing better information. This could help you improve your business and you’re your bottom line. Check out the video and, if you have questions, please leave a comment or direct message me. Click here to become a member of PACE (yes, membership is free) https://lnkd.in/gTrD_r_u . To share the video with your followers, leave a comment and hit the like/repost button. --------------- ? Follow us??♂???♀?for more insights ? Subscribe ?? to our monthly newsletter #accountingandaccountants #profitability Edward Roske Sundus Tariq ?Olawale Olaogun (MBA, FCA, FCCA, CIA, DCP, CRMA, ACRMI)??

Have you heard aboutabout the PACE MasterClass? Want to become proficient with Profitability Analytics (PA) or know someone else that would? The Profitability Analytics Center of Excellence has launched The PACE Profitability Analytics MasterClass. It's a self-paced, online, 8-module MasterClass and the first module is FREE! We have teamed up with CostPerform to provide this training to you. This online MasterClass provides a structured, comprehensive approach to becoming proficient with profitability analytics, equipping you with the skills to drive organizational success through informed decision-making and strategic insights. A certificate is issued upon successful completion. Here are the 8 modules: Module 1: Introduction to Profitability Analytics and the PACE Profitability Analytics Framework. Module 2: Fundamentals of Causal Modeling Module 3: Strategy Formulation Essentials Module 4: Mastering Strategy Validation Module 5: From Planning to Results: Effective Strategy Execution Module 6: Revenue Management Analytics Module 7: Effective Managerial Costing Module 8: Managing Investment Strategy Using the PA Framework Check it out today on CostPerform Academy. https://lnkd.in/gKX_ySEm PACE is a 501(c)3 organization and completely run by unpaid volunteers. To share this info with your followers, please leave a comment, like, and share/repost it. --------------- ? Follow me??♂???♀?for more insights ? Join ?? the PACE forum for discussion - (Linktree in my profile) ? Click the ?? to get notified of new posts (top right of my profile) ? Subscribe ?? to my monthly newsletter #accountingandaccountants #masterclass Veronica Paz ?Luis E. Beltrán Madile ??Frank Hartmann?

????Finance & Management Accountants: Get Your Free Copy of the Best of PACE Articles 2024! ???? we, The Profitability Analytics Center of Excellence (PACE) have compiled and released an exclusive 112-page eBook featuring 19 insightful articles for finance and management accountants. Covering AI, analytics, pricing strategies, profitability management, and more, this must-read resource will help you stay ahead in 2025! ?? What’s inside? ? CFO’s Guide to AI & Data Strategy ? Unlocking Hidden Profits with Managerial Costing ? The Role of Accountants in a Changing Economy ? And much more! ?? Download it for FREE now. (LARGE document - Click the square of brackets on the lower right of the image and the download arrow) https://lnkd.in/ga6nWD4s Leave a comment and hit like/repost to share with your followers. --------------- ? Follow us??♀?????♀??? for more insights ? Subscribe ?? to our monthly newsletter #eBook #accountingandaccountants #download Damon Pistulka √ ?Helen Yu ?Denise Probert, CPA, CGMA

Webinar NEXT WEEK: BPT Framework to Achieve Business Profitability and Customer Satisfaction with Sumitha K. on Thursday March 6, 2025 at 10:00am ET . In the dynamic global landscape, challenges abound—from globalization to the rapid evolution of Industry 4.0 technology, ESG considerations and the entry of new competitors through Government liberalization policies, the road to profitability appears increasingly complex. To not just survive, but thrive, in this competitive arena, organizations must embrace a comprehensive strategy that bestows them with a sustainable competitive advantage. The Business Profitability Triangle (BPT) Model provides a framework for developing a culture that Leaders can implement in their organizations to gain competitive advantage and profitability. This webinar will cover the following: 1. Understand the essentials of strategic management and how aligning organizational goals with actionable processes drives long-term success. 2. Identify key performance measures that link quality management to profitability and customer satisfaction. 3. Gain insights into building a quality-focused culture, including actionable steps to foster employee engagement and align with organizational values. 4. Recognize the benefits of integrating a quality culture to address global challenges such as ESG compliance and Industry 4.0 advancements, positioning their organization for sustainable growth and competitiveness. Sumitha Kannan is an author, an International Certified Professional Trainer (IPMA, UK) and an accredited Malaysian Trainer/Consultant; specializing in Strategic Management and Quality 4, with an MSc in Strategic Quality Management from the University of Portsmouth and is an ASQ-certified Quality Manager and Auditor. She is a Senior Member of the American Society for Quality (ASQ) and a Member of the International Professional Managers Association (IPMA), UK. Register free today. To share this webinar with your followers, hit like, share, or leave a comment. --------------- ? Follow us??♀?????♀??? for more insights ? Subscribe ?? to our monthly newsletter #accountingandaccountants #quality Pramod Ralkar ?Ana Hernandez L?Mahmoud Reda??

Webinar NEXT WEEK: Have you seen the movie ? "Moneyball"? ? In this webinar, "Operational Research and Analytics in Sports," led by Professor Chandan Jha, he will explore how data and analytics are transforming decision-making in sports management. It will focus on how operational research techniques can be used for resource optimization, selection and ranking the best players, and formulating the sports strategy. This session is designed for professionals, academics, and students interested in operational research and analytics applications in sports. It will apply to other industries as well. Register here: https://lnkd.in/gKpBNzUj To share this webinar with your followers, hit like, share, or leave a comment. --------------- ? Follow us??♀?????♀??? for more insights ? Subscribe ?? to our monthly newsletter #accountingandaccountants #operationalresearch #analytics #sports #webinar Dudy Weizman ??Carsten Hilker ??Denise Probert, CPA, CGMA?

Webinar NEXT WEEK: Have you seen the movie ? "Moneyball"? ? In this webinar, "Operational Research and Analytics in Sports," led by Professor Chandan Jha, he will explore how data and analytics are transforming decision-making in sports management. It will focus on how operational research techniques can be used for resource optimization, selection and ranking the best players, and formulating the sports strategy. This session is designed for professionals, academics, and students interested in operational research and analytics applications in sports. It will apply to other industries as well. Register here: https://lnkd.in/gKpBNzUj To share this webinar with your followers, hit like, share, or leave a comment. --------------- ? Follow us??♀?????♀??? for more insights ? Subscribe ?? to our monthly newsletter #accountingandaccountants #operationalresearch #analytics #sports #webinar Chris Domanski, MBA, CPCE ?Imane Haouassia ?Abdul Khaliq Gary Cokins?

With all the career choices out there, why would anyone want to be a Management Accountant??? Becoming a management accountant can be a rewarding career choice for several reasons. Here are ten of the best ones: ?? Diverse Career Opportunities: Management accountants are in demand across various industries, including finance, consulting, manufacturing, healthcare, technology, and more. ?? Strong Job Outlook: The demand for management accountants continues to grow globally, offering excellent job security and career advancement opportunities. AI will make their lives easier, not replace them. ?? Competitive Salary: Management accountants typically earn competitive salaries, and with experience and professional certifications such as CMA (Certified Management Accountant), their earning potential increases significantly. ?? Strategic Decision-Making: Management accountants play a crucial role in strategic decision-making by providing financial analysis, cause and effect what-if analysis, forecasting, and budgeting support to senior management. ?? Variety of Responsibilities: Management accountants are involved in a wide range of activities, including financial planning, cost management, performance evaluation, and risk management, making the job dynamic and engaging. ?? Professional Development: Pursuing professional certifications such as CMA or CPA (Certified Public Accountant) enhances your skills, knowledge, and credibility in the field, opening doors to more significant career opportunities. ?? Global Opportunities: Management accounting skills are highly transferable, allowing professionals to work internationally and explore diverse cultures and business environments. ?? Impactful Role: Management accountants directly contribute to the financial health and success of an organization by providing valuable insights that drive strategic decision-making and improve operational efficiency. ?? Continuous Learning: The field of management accounting is constantly evolving, offering opportunities for continuous learning and professional growth in areas such as data analytics, technology integration, and regulatory compliance. ?? Job Satisfaction: Many management accountants find fulfillment in their roles, knowing that their work directly contributes to the success and sustainability of the organizations they serve. There are many more reasons why becoming a #managementaccountant can be a fulfilling and rewarding career choice for those interested in finance, analysis, and strategic decision-making. What are your reasons? Please share with your followers. --------------- ? Follow us??♂???♀?for more insights ? Subscribe ?? to our monthly newsletter #accountingandaccountants Lukas Sundahl, CMA, CSCA, MBA Asif Masani Denise Probert, CPA, CGMA Veronica Paz

Which of these accounting jobs are most likely to be automated by AI? ?? Automation through AI and advanced technologies has the potential to impact various roles within management accounting to varying degrees. The extent to which a role is automated can depend on factors such as the nature of the tasks involved and the organization's willingness to adopt automation technologies. In the graphic are common management accounting jobs found in a company and the bottom section contains those that may be more susceptible to automation. Roles that involve complex decision-making, interpretation of financial data, and interaction with stakeholders are less likely to be fully automated. Automation is also more likely to complement these roles by handling repetitive tasks, data processing, and generating insights. It's important to note that automation can vary widely between organizations and industries, and the pace of adoption may differ as well. Additionally, automation can create new opportunities for management accountants to work with AI tools and provide value-added insights to their organizations. Therefore, while some tasks within these roles may become automated, the roles themselves may evolve rather than disappear entirely. Professionals in management accounting should stay updated on industry trends and continuously develop skills that align with the changing landscape. This is my opinion, what's yours? To share with your followers, please click LIKE, leave a comment, and repost. --------------- ? Follow me??♂???♀?for more insights ? Join ?? the PACE forum for discussion - (click the link in my profile) ? Click the ?? to get notified of new posts (top right of my profile) ? Subscribe ?? to my monthly newsletter #accountingjobs #accountingandaccountants #chatgpt #ai Mxolisi Kota ???? Ioannis Arampatzis ACMA, CGMA, MBA, FPAC Gary Kapanowski, MBA, CLSSMBB *Created with help from ChatGPT

??Showing our LOVE to Members for Valentines Day ?? To show how much we LOVE our members and followers, we bring you another month full of learning opportunities. We have: ?? Two webinars in February and March (and more coming) ?? Some replays from January ?? Two new articles from the PACE Forum ?? Several new podcasts in our "PACE Moments" channel ?? An excellent Podcast where Raef Lawson was a guest on "Asking Good Questions" with Edward Roske We have so much planned for 2025 including monthly webinars with experts in their field. Visit our LinkedIn Events page to see the upcoming webinars and check back frequently. https://lnkd.in/ggQtJ9sx ?? Also, watch for our BEST OF PACE ARTICLES eBook due out next week! We are always looking for volunteers. Please contact us if you are interested. To share this newsletter with your followers, please leave a comment, like, and share/repost it. --------------- ? Follow us??♂???♀?for more insights ? Subscribe ?? to our monthly newsletter #accountingandaccountants Olawale Olaogun (MBA, FCA, FCCA, CIA, DCP, CRMA, ACRMI) Reema Chakravorty Lukas Sundahl, CMA, CSCA, MBA???