Scary, But Informative, Webinars for October
Raef Lawson
Executive Director, Profitability Analytics Center of Excellence PhD, CPA, CMA, CSCA, FCMA, CAE
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Upcoming Webinars
TOMORROW: October 24, 2024 | Implementing the PACE Method to Forecast, Optimize Pricing, and Maximize Profits with Mark Spracklen
Join Mark Spracklen from CVA Solutions as he reviews a real-life, telecommunications case study using the PACE Profitability Analytics Framework.
Mark will cover the practical issues encountered while implementing a forecast profitability model.
This model was used for optimizing prices in order to maximize profits.
Hear about lessons learned, steps that could speed up implementation, and possible next steps. He is happy to answer questions about the project.
Register free today: https://www.dhirubhai.net/events/implementingthepacemethodtofore7242319802579492864/
WEBINAR?en?espa?ol
Octubre 31, 2024 | Cuentos de Terror y Peores Prácticas en Rentabilidad y Gestión de Costos. Prácticas y Referencias (Scary Tales and Worst Practices in Profitability and Cost Management - Practices and References) con Pedro San Martin y?otros?expertos?de?industria
Agenda:
November 7, 2024 | Practical AI Use Cases for CFO Teams with Fletcher Cox and Edward Roske
With so much buzz around the advent of Generative AI, CAPRUS has developed practical use cases and service offerings tailored for the office of the CFO. By leveraging industry leading technology platforms, we develop custom tailored applications specific to finance and accounting business processes.
Use cases range from an augmented FPA team to deploying automation scripts for streamlined data collection and analysis.
On November 7 at 11am ET, join Co-Founder Fletcher Cox and CEO of Spotless Mind Edward Roske to hear how CAPRUS AI is revolutionizing how finance and accounting teams operate through custom AI application development.
November 21, 2024: Analytics-Based Enterprise Performance Management with Gary Cokins
How to exponentially increase an organization’s performance!
On November 21, 2024 at 11:00am ET, join Gary Cokins as he discusses how the seamless integration of enterprise and corporate performance management (EPM/CPM) methods, that are each embedded with advanced analytics, will exponentially increase an organization’s performance.
Many organizations are far from where they want and need to be with improving their performance.
They apply intuition, rather than fact-based data, when making decisions. Enterprise performance management (EPM) is now viewed as the seamless integration of managerial methods such as strategy execution with a strategy map and its companion balanced scorecard (KPIs) and operational dashboards (OPIs); enterprise risk management (ERM); capacity-sensitive driver-based budgets and rolling financial forecasts; product / service / channel / customer profitability analysis (using activity-based costing [ABC] principles); customer lifetime value (CLV); supply chain management; lean and Six Sigma quality management for operational improvement; and resource capacity spending planning.
Each method should be embedded with business analytics of all flavors, such as correlation, segmentation, regression, and clustering analysis; and especially predictive analytics as a bridge to prescriptive analytics to yield the best (ideally optimal) decisions.
This presentation will describe how to complete the full vision of analytics-based enterprise performance management.
Replays
Replay: Are we going to make any money at this? with Joe Rogot
There is a disconnect between Management Accounting and the C-Suite. C-Suite executives focus on revenue growth, but often lack clarity on the true profitability of new business. Management accounting, meanwhile, focuses on cost control and accurate reporting, leading to communication gaps between teams.
There are profitability evaluation challenges: CFOs frequently struggle to assess the profitability of new clients or products due to limited financial tools, inconsistent data, and a lack of interaction between departments like finance, operations, and sales.
We need operational and financial transformation. Implementing straightforward tools and regular cross-department collaboration can improve financial transparency, enabling better decision-making, real-time profitability assessment, and more accurate forecasting.
Joe Rogot offered solutions: A bottoms-up approach involving data aggregation, real-time analysis, and simplified management reporting is essential for increasing profitability and maintaining operational efficiency.
Watch the replay today:https://youtu.be/S96I5ubI0W0
The PACE Profitability Analytics MasterClass
The PACE Profitability Analytics MasterClass
Want to become proficient with Profitability Analytics (PA) from the comfort of your home? 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.
领英推荐
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://www.profitability-analytics.org/pamasterclass
PACE is a 501(c)3 organization and completely run by unpaid volunteers.
Article
CFOs and Accountants Versus Users: An Impasse and Standoff by Gary Cokins
Accounting Poetry?
Why not. Gary Cokins has tried many avenues over the years to help people understand why Finance and Accounting must change their methods to get and use better information upon which to make better decisions. Perhaps poetry will reach those that have not yet listened. So here goes...
?? "CFOs and Accountants Versus Users: An Impasse and Standoff"??
by Gary Cokins.
I’ve heard a hundred reasons,
been part of the debate.
Users of accounting information suffer.
Let’s save them before it is too late.
CFOs claim they’re not the problem.
They say, “Walk a mile in our shoes.”
But their information is inaccurate
So, it's the users who lose.
Users demand better information.
They want their organization to win.
But accountants continue their traditional ways.
So, the odds of them changing are thin.
The poem has several more longform versus which you can read here: https://www.profitability-analytics.org/forum/profitability-analytics/cfos-and-accountants-versus-users-an-impasse-and-standoff
Podcast
One Version of the Truth Myth by Larry White
Truth or myth?
Advocates of modeling and decision support often tout financial accounting and reporting data as the "one version of the truth".
In this podcast, Larry White discusses why this is not the case for decision support and how causality should be considered when "assigning" cost.
Links to the podcast:
Spotify: https://tinyurl.com/2ytavmnd
Apple: https://tinyurl.com/bddh6tkn
YouTube: https://youtu.be/TO3C5vu1H18
Want more interesting podcasts?
Find the links to all our Spotify, YouTube and Apple podcasts here: https://www.profitability-analytics.org/pace-podcasts
*Google Podcasts have moved to YouTube
We are pleased to be able to provide free, thought provoking content on the latest developments in finance and accounting.
If you want to see more PACE content, please check out our LinkedIn PACE Channel , website , and Podcasts on Spotify, Apple Podcasts and YouTube.?Also, check out some of our eBooks.
The Profitability Analytics Center of Excellence (PACE) is a?non-profit community of volunteer professionals?dedicated to helping organizations make better, more informed business decisions through the use of data analytics employing integrated, causal models.?Focusing exclusively on how to enable better managerial decision-making within organizations through the use of such models, PACE is the go-to source for people looking for independent and impartial (vendor and methodology neutral) information in this area. You will find many supporting articles, eBooks, blogs, and podcasts at www.profitability-analytics.org .?Consider becoming a member today. Basic membership is free.
#accountingandaccountants #webcasts #podcasts #articles
Founder and CEO: Analytics-Based Performance Management LLC; Expert in ABC, EPM/CPM, Profit Analysis, Budget, Analytics
1 个月Thank you for Raef Lawson for your LinkedIn post above with the PACE newsletter. This one, like all the previous ones, is chock full of useful information. Good stuff. ... Thanks
This newsletter highlights just a fraction of the inventory of resources made available to PACE members. And remember, membership is free.
President - Society of Product Cost Engineering & Analytics (SPCEA) Sr. Leader | Consultant | Board Member specializing in cost and quality optimization of electronic assemblies and semiconductors.
1 个月There is a lot going on at PACE. Very interesting webinars coming up and congrats on your first webinar in Spanish.
Associate Professor Of Accounting at Eastern Kentucky University
1 个月These will be fun!
I love the webinar series. So many different speakers with different experiences to learn from.