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Financial Modeling and Driver-Based Planning 4172588B
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The importance of cost management tools able to yield a competitive advantage is no secret. Various financial modeling tools-including Excel's Regression and Solver tools are being used in financial planning and analysis, as these new tools allow managers to better manage costs by revealing the drivers affecting costs. Learn the basic concepts and principles necessary to build driver-based financial models and use them to improve cost management.

 Export to Your Calendar 3/23/2018
When: 9:30 AM to 5:00 PM
Where: Webinar/Webcast
United States
Presenter: Dennis Geyer
Contact: April Deneault
801-466-10987


Online registration is available until: 3/23/2018
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Curriculums:   Finance, Financial Management. and Controllership,Financial Leadership Forum

NASBA Credit Category:  Accounting

CPE Hours:  8

Description

The importance of cost management tools able to yield a competitive advantage is no secret. Various financial modeling tools—including Excel's Regression and Solver tools are being used in financial planning and analysis, as these new tools allow managers to better manage costs by revealing the drivers affecting costs. 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



Major Subjects

  • Key features of Driver-Based Planning
  • Cost decomposition analysis using REGRESSION tool
  • Driver-based modeling using SOLVER tool
  • Multi-driver budgeting for more accurate planning
  • The importance of managing idle capacity
  • Cycle-time reduction and process value analysis

Objectives

  • Recognize the limitations of traditional cost accounting
  • Identify and validate cost drivers using regression analysis
  • Determine the impact of these drivers using multi-driver cost-volume-profit analysis
  • Uncover hidden profits using a resource-consumption-based approach to ABC
  • Develop driver-based planning systems to enhance cost reduction efforts
  • Show why resource consumption-based cost measurement, not GAAP costing, is essential for success

Level:  Intermediate

Designed For

CPAs, CFOs, controllers, financial analysts and accountants who want to offer value-added services for their clients or employers.

Advanced Prep:

None.

Prerequisite

Basic knowledge of Excel.

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