CFO Series: Essential Cost Containment WEBCAST - Partnered with the Idaho Society

Overview

Cost cutting is easy, cutting the right costs is NOT easy. Most cost-cutting exercises fail either; by cutting the wrong costs, cutting too much, ignoring interrelated impacts, taking shortcuts, cutting too little or waiting too late. The internal politics are problematic. One key solution is to take sufficient time to plan properly and assess the true goals and objectives. Planning is essential, we will show you how to cut the right costs correctly and avoid career-killing blunders.

Highlights

Understanding what the goal really is. Better planning, ready aim and then fire. What are the crucial considerations. Why do others in the organization hate to cut costs? What are the ‘ripple’ effects? What are the right costs to cut and not to cut? What are the more common mistakes made? The need to consider politics, culture, and strategy. Fourteen different perspectives to utilize to cut costs efficiently. Over fifty uncommon cost cutting possibilities. How to prepare for the next cost cutting exercise. A proven process to cut the right cost in an organization.

Prerequisites

At least six months of professional financial statement analysis experience and/or at least six months of professional experience in preparing or reviewing accounting processes and reports. Experience working with internal clients or external clients and business leaders.

Designed For

Corporate financial leaders, financial managers, CEOs, CFOs, controllers, accountants, board members, advisors, and consultants. CPAs in public practice and CPAs in industry. Business owners, entrepreneurs and professionals who are interested in learning more about how to cut costs and make reports understandable and understood.

Objectives

Understanding how to choose which costs to cut and which not to cut. Defining the role and purpose of each cost cutting exercise. Review non-traditional approaches to cut costs.

Preparation

None.