CFO Series: Chief Reviewer

Overview

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The CFO Series provides a convenient, one-stop way for CFOs and those who aspire to be CFOs, to an entire year of CPE with a single decision. Each day consists of a subject matter expert leading discussions about four different topics. The CFO Series features high-quality presentations and an interactive, executive level colleague-to-colleague approach with case studies, group discussions, and team exercises. 

Each topic and each day stand on its own. If you are not sure about making a multi-day commitment, sign up for just a single day. We think you will come back for more!

This presentation focuses on one key role we all share – being a reviewer. Every financial professional must review. We review; processes, systems, test results, performance, taxes, financials, timelines, and progress. The spotlight is to enhance our skills as reviewers. Are we great at listening, and asking the right questions? We will also discuss a high-level overview of taxation and the newer skills needed to be an effective financial leader. At every level, we are responsible for reviewing and improving ourselves, a responsibility that never ends. We cannot fall behind in an ever-changing, dynamic environment. Technology is always moving forward, just as we should.

Highlights

Aren’t We All Auditors? All the Time
• The need to think before we react.
- Look and listen effectively!
- Evaluate using multiple different criteria.
- Communicate.
- Problem solving, not just problem identification
- Demonstrate empathy.
- Think critically, and not be critical.
- Recommend.
• Being skeptical without being cynical
• Unconventional keys to success
• The never-ending need to audit continuously

Audits Begin with The Right Questions: Listen!
• The need to ask the ‘right’ questions
• A core principle of audits not taught in the “textbook”
• A new type of audit that will simplify your life
• Four auditing skills to take you from being a good auditor to being an amazing auditor
• The most important element of auditing is listening
- Action steps to become a great listener

What We Can Do to Minimize Taxes: Without Danger
• Tax reduction strategies
• History of taxation in the USA
• Understand your tax environment. 
- Entity and associated forms
• Taxes; corporate, state, property, and sales taxes
• Tax planning concerns 
• Depreciation and fixed asset schedules
• How to recognize and ward off tax schemes

Successful System Implementations: Planning!
• Consequences of failure to plan
- Why do shortcuts cause even more issues?
• We must learn from our previous mistakes.
• No two installations are the same!
- A team effort, with the right people, is required!
- Tests and testing are mandatory.
• Why cheap costs more
• How should accounting communicate?
• Managing the organization to enable better system implementations

Prerequisites

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

Designed For

CEOs, Corporate Financial Leaders, CPAs, business owners, Corporate Financial Managers, entrepreneurs, CFOs, Controllers, Accountants, Board members, advisors, Consultants, and the professionals who advise them. CPAs in public practice and CPAs in industry who want to improve their success in systems implementations.

Objectives

1. To more fully grasp that our role is to constantly review, listen and examine – both in our professional life and personal life. To create a deeper understanding of the value of our auditing skills.

2. To understand why listening skills are crucial for all leaders and for any professional who audits others’ work. To create a deeper understanding of the psychology behind how powerful auditing can be when done by a more insightful and purposeful manager who wants to drive his/her skills.

3. Fulfilling your responsibilities to account for tax in your organization(s) and successfully navigate the diverse paths to minimize taxes.

4. To understand best practices in effective system implementation. What are the pitfalls to avoid?

Preparation

None.

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