With knowledge in business finance and management, CPAs can better manage all aspects of their own businesses while helping their clients make more informed business and financial decisions.
DESIGNED FOR
CPAs in industry and public accounting who want to expand their knowledge of business management, finance and the principles of strategic business planning.
BENEFITS
- Discuss the marketing process and framework for analysis
- List and explain several organizational behavior theoretical models and how one might use them to diagnose and solve organizational problems
- Apply quantitative or number-crunching analyses, including decision theory; time-value formulas; cash-flow analysis; capital budgeting; probability theory; and regression analysis and forecasting
- Explain the basic mathematical relationships in portfolios and the asset-allocation concepts both in general and for various investment classes in the context of efficiency, life cycle, investment horizons and risk constraints
- Outline and explain the problem-solving framework for operations, including the five major issues, the six Ms of production and the three principle methods of production
- Describe the critical features of the business cycle and the use of composite economic indicators to help predict changes in the business cycle and guide business decisions
- Compare/contrast the various assumptions and planning implications associated with various strategic planning theories and concepts
HIGHLIGHTS
- Fundamentals of organization behavior
- Decision-making with statistics
- Finance – risk and return; portfolio theories; asset allocation; capital asset pricing models; financial management; the mathematics of tax leverage and tax planning; and cash flow analysis
- Marketing principles and concepts - competitive strategies in changing markets
- Capital budgeting and marginal investment analysis - tax-adjusted time-value analysis, IRRs, NPV and other methods to allocate scarce resources among business investment opportunities
- Production management - capacity, scheduling, and inventory control issues
- Macroeconomic and microeconomic concepts, the impact of business cycles and the current business environment on business plans and profitability
COURSE LEVEL
Intermediate
PREREQUISITES
None
ADVANCE PREPARATION
None