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Financial Modeling and Driver-Based Planning (4152588C)
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" The importance of cost management tools that are able to yield a competitive advantage is no secret. Building on the insights provided by activity-based costing, various financial modeling tools including regression analysis and linear optimization are being used in financial planning and analysis (FPA). These new tools allow managers to better manage costs by revealing the drivers affecting costs. In this course, learn the basic concepts and principles necessary to build driver-based finan

2/19/2016
When: 2/19/2016
9:30 AM - 5:00 PM
Where: Webcast/Webinar
Presenter: Dennis Geyer
Contact: April Deneault
801-834-6634


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The importance of cost management tools that are able to yield a competitive advantage is no secret. Building on the insights provided by activity-based costing, various financial modeling tools  including regression analysis and linear optimization are being used in financial planning and analysis (FPA). These new tools allow managers to better manage costs by revealing the drivers affecting costs. In this course, learn the basic concepts and principles necessary to build driver-based financial models and use them to improve cost management.
Formerly titled: Activity-Based Costing: A Resource Consumption Approach

 
Objectives:



    Recognize the limitations of traditional cost accounting.
    Identify and validate cost drivers using regression analysis.
    Determine the impact of these drivers using multidriver cost-volume-profit analysis.
    Recognize hidden profits using a resource-consumption-based approach to ABC.
    Determine driver-based planning and control systems to enhance cost reduction efforts.


Major Subjects:



    Understanding why resource consumption based cost measurement, not GAAP costing, is essential for success.
    Building multidriver cost models using top-down cost decomposition analysis.
    Using driver-based modeling in multiproduct environments and comprehending why managing idle capacity is so important.
    Developing driver-based planning and control systems to uncover cost reduction opportunities.
    Reducing costs using cycle-time reduction and process value analysis.

      
 
 Designed For:

CPAs, CFOs, controllers, financial analysts and accountants who want to offer value-added services for their clients or employers. Excellent preparation for subsequent seminar on Cost Reduction Strategies.
 

Prerequisite: Basic knowledge of Excel.

Advanced Prep:  None

Speaker: Dennis Geyer

Vendor: CalCPA

Field of Study:   Accounting & Auditing

Level:  Intermediate

CPE Credit: 8 Hours

Acronym:   RCST

 

Registration Fees:

Members: $275

Nonmembers: $375

 

Meet the Speaker:

Dennis Geyer is an internationally recognized expert in strategic cost analysis, activity-based management and multi-driver cost modeling. His consulting practice specializes in designing cost and performance measurement systems, developing cost reduction strategies and conducting strategic pricing and business process analysis. By linking business process analysis with finance, Geyer helps clients identify opportunities to increase financial performance through improved operational design. Geyer has provided strategic advisory and business systems design services to numerous clients in a wide variety of industries including banking, healthcare, manufacturing, technology, telecommunications and transportation. Former clients include Bechtel, DHL, Pacific Bell (AT&T), Wells Fargo Bank and Xerox. A sought-after speaker and educator, Geyer serves on the faculty at the Haas School of Business and travels extensively, conducting public and customized seminars primarily to executive audiences in the U.S., Latin America and Southeast Asia.

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