CFO of the future 3: Cost and profitability analysis

Date:
9 October 2018
Time:
9:30am-4:30pm
Location:
Edinburgh

Member price: £361.25 + VAT

Non-member price: £425 + VAT

Please note, the ICAS member discount will be applied after checkout


Edinburgh, 9 October 2018

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In today’s rapidly changing business climate the CFO’s role has never been more important. Their management colleagues (including the board) desperately need fast, frequent and relevant information to make important decisions daily and weekly. They are also demanding answers to difficult questions: which products, business segments and growth initiatives should we invest in? Which products and customers are strategic and profitable? How can we cut costs by 20-30% without affecting customer value? Is our strategy working and, if not, what action should we take? Which business teams are performing well and which are performing poorly? Which products and/or processes should we outsource? How are we performing today and what does the near-term future look like?

Most CFOs struggle to answer these (and many similar) questions. The CFO of the future series will enable you to raise your game and take on more of a leadership role. This series of five one day workshops, spread out over the year, will enable you to supplement your knowledge with all the latest tools, techniques and best practices and enable you to drive positive growth and change inside your organisation. It could be the defining moment in your career.

Who should attend?

These workshops are aimed at existing and aspiring CFOs (including finance directors/controllers/managers, strategic/business planners, mid-level finance staff and anyone responsible for improving the finance and planning operations) who want to improve their knowledge and performance. They are applicable to both the private and public sectors.

What you will gain

Based on many insights into how the best CFOs have improved their finance operations, this series provides the opportunity for you to take a career step-change in knowledge and performance. It will cover a wide range of topics including leadership, efficiency, strategy, profitability, planning and measurement.

Workshop three - cost and profitability analysis

You need to learn how to see beyond budgets and accounting statements to find where the deep cost reduction and profit-making opportunities are. This involves learning new practices and techniques, including ‘lean practice’ and ‘process mapping’ as well as the power of ‘transparent information’.

Full speaker list

Speakers

All of our presenters are experts in Business and Financial Management and have worked in the fields that they deliver courses on. All have experience in either the private or public sector, with some having worked in both sectors. Our key speakers have held senior positions in a range of organisation including the FTSE 100. The Programme Manager of this division has held leading roles in organisations such as Boots, Reed Elsevier and Sainsbury's.

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Content

This workshop will teach you:

  • How to learn from ‘lean’ practices (including value stream costing, target costing and lean accounting)
  • Using process maps and cost drivers to identify and eliminate non-value costs
  • How to use lean practices in both manufacturing and service organisations
  • Identifying strategic and profitable products and customers (and deal with those that aren’t)
  • How to reduce expenses (such as travel, marketing, IT, etc.) using various techniques and practices including benchmarking, shared services centres, internal markets, outsourcing and peer scrutiny
  • Case examples include DHL, RHM, Unilever and Lloyds TSB

Location

Edinburgh

Contacts

BPP
Tel: 0330 060 3303
Email: LDICAS@bpp.com

Topics

  • Business and Financial management
  • Scotland
  • Training courses
  • Edinburgh

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