Key Performance Methods to Enhance Internal Controls FLEXCAST

Overview

In the complex world of finance and operations, accurately measuring and improving performance can often be a challenging endeavor. This course addresses this challenge by exploring essential tools and metrics crucial for assessing financial and operational success. With a focus on key performance metrics, the course guides you through the intricacies of conducting SOC Scope Audits of Systems of Internal Controls, a vital process for ensuring reliability and integrity in financial reporting. Additionally, you’ll learn how to determine critical risk factors and appropriate measures of effectiveness, essential for strategic decision-making. The course also includes practical instruction on calculating the Economic Value Added for a business, a powerful tool for assessing true economic profitability. This course is designed to equip finance and accounting professionals with the skills and knowledge to enhance operational efficiency and make informed decisions that drive business success.

Highlights

SOC scope audits of systems of internal controls. Performance and operations. Economic value added. Financing. External funds needed. Debt vs. equity. Accounting. Lean accounting and process mapping. Activity-based costing.

Prerequisites

None.

Designed For

Controllers, business owners, and other operations professionals.

Objectives

SOC scope audits of systems of internal controls. Determining appropriate critical risk factors. Determining appropriate measures of effectiveness. Calculate the economic value added for a business.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.