Risk, Cost, and Cash Management for Controllers and Financial Managers 2021 | Association of International Certified Professional Accountants (AICPA) | 13 August 2021 | Online

Add value to your organisation through improved risk, cost, and cash management.
When an organization fails, it is usually due to several factors. These often result from a number of undetected, poor practices that infect and grow throughout the entire organization. They can include a lack of understanding of costs, poor asset allocation, systems that support the status quo, failure to identify risk, tunnel vision by management, and so on. Often, management will repeat poor practices across the enterprise. For example, do you think a so-called "budgeting crisis" is normally due to the budget, or actually hidden, existing problems that were uncovered due to the budgeting process?

This demonstrates the use of practices and techniques specifically designed to assist CPAs and other financial professionals in adding value to their company through improved decision-making, cost management, understanding business cycles, managing continuous improvements, cash management, and risk management. Examples of actions by both

Key Topics;
• Techniques and ideas to establish and maintain an effective organization.
• Examples of successful and failed companies as a source of learning.
• Identification of broad measures that provide insights into the direction of the economy.
• Practical ideas to improve forecasting.
• Framework and methods to uncover and manage risk.

Learning Outcomes;
• Identify and correct practices that can negatively impact an organization.
• Determine and measure cost drivers and trends.
• Recall how to navigate an organization through the business cycle.
• Apply and manage a variety of improvement programs.
• Apply cash management activities and consolidate them into an organization’s plans.
• Identify how to manage risk throughout the enterprise.

Who Will Benefit;
• Owners.
• Controllers.
• Treasurers.
• Financial officers.
• Other financial managers in organizations with less than $250 million in sales.

2021 Speaker

Jennifer Elder
Accounting Department Chair