New Economy and the New Industry Accountant FLEXCAST

Overview

While nearly 12 years have passed since the Great Recession, economic and political turmoil and uncertainty have continued to plagued business decision-making. Meanwhile, the advent of the CGMA certification (Chartered Global Management Accountant) and the Ethics Codification Project for 2015 have increased the analytical skills needed by the industry financial professional. This course will explore key economic and regulatory issues that will have a substantial impact on financial and accounting projections for the next several years.

Highlights

Safety and Soundness of Credit and Collection Process. Uncertainty and Decision Making. Safety and Soundness of Financial Plans. Manage the Debt and Equity Mix. Competing globally. Lean Operations Additional Materials. Trends in Employee Business Practices and Motivation. National Infrastructure.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

Determine strategic intent, systemic risk and opportunity costs in the business model. Identify cost drivers in the business model. Recognize the link between activity based costing and lean operations. Analyze the impact of international economic turmoil and uncertainly on the value of the USD and financial reporting in the U. S. Analyze significant macro risks to an entity such as the Coronavirus and appropriate planning efforts to mitigate risk. Analyze the impact of emerging accounting issues to include state and local unfunded obligations and potential tax implications to the business, deferred maintenance, logistic bottlenecks, and risks. Analyze the impact of monetary policy in the 21st century and the impact on cost of capital for the entity. Analyze the impact of deflation and inflation on an organization and the global economy. Determine the impact of financial capacity on financial projections and the ability to find new funding sources in the light of new bank loan loss reporting standards. . Evaluate programs for retirement planning for your staff during periods of economic turmoil so that non-planning does not become your personnel issue. Analyze the future of medical costs in the United States and impact on employees. Analyze the impact of a deficient national infrastructure on overall economic growth potential, particularly for accounting/financial projections.

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.