CFO Series: Dealing with Ever Changing Accounting Standards?

Overview

GAAP is changing at an increasing rate. Financial leaders are faced with the dual challenge of navigating evolving accounting standards while strategically guiding their organizations toward sustainable growth and profitability. What are the newer accounting changes that will impact professional accounting? This seminar will equip finance professionals with the critical skills and practical insights needed to effectively manage the complexities of ever-changing accounting standards and upgrade your essential strategic planning skills. Strategies that do not keep pace with the market are doomed to fail. If we do not keep up, our successor will.

Prerequisites

At least six (6) months of professional financial statement analysis experience.

Objectives

After attending this presentation, you will be able to...

• Distinguish the need for GAAP accounting to continuously improve.
• Comprehend why we need to be involved in proposed changes to GAAP.
• Grasp the need to be directly involved in strategic planning and its value.

Highlights

The major topics that will be covered in this course include:

• The modern finance and accounting organization chart.
• GAAP accounting changes.
  • Why so many changes?
  • The speed of change and complexity.
  • Accepting reality.
• Recognizing and fixing the top five accounting problems and errors.
  • Revenue.
  • Leases.
  • Management estimates.
• Why is strategy necessary?
  • What is strategy?
  • The two keys to strategy.
  • Balancing strategy with our day-to-day roles.