Do we really understand why we, and our companies, make the decisions we do? We may believe that we make decisions only after acquiring all the facts, carefully considering all the alternatives and logically choosing the best option. However, Nobel prize-winner in Economics Daniel Kahneman and his long-time collaborator Amos Tversky have proven in numerous experiments and studies that we make most decisions by intuition and not analysis. We’ll examine Kahneman and Tversky’s groundbreaking work and its implications on us, our companies and the accounting profession. The course will continue with an exploration of achieving success through experimentation. Study after study has shown that great successes rarely occur as the result of a giant leap, but rather from disciplined experimentation that builds on a foundation of learning and discovery. This session will help put you on a path of continuous achievement by teaching you how to experiment and create enduring progress. You’ll also learn a practical “real world” budget planning approach that aligns spending to long-term strategy, creates a culture of accountability and responsibility, and might actually be fun when everyone gets on board. We’ll conclude with a discussion on current best practices for finance teams to implement now and in the future.
DESIGNED FOR
This series is for people who are, or aspire to be, chief financial officers. The discussions will be most appropriate for people in medium‐sized organizations.
BENEFITS
The CFO Series provides extensive case study analysis and many opportunities for group discussion.
HIGHLIGHTS
- Accounting Fast and Slow: Thinking About Analysis - Hear the research on how decisions are made by intuition and not analysis.
- Avoid Failure: Succeed Through Experimentation - Follow a path of continuous achievement by learning how to experiment.
- Aligning Budgets to Strategy: The Key to Profitability - Create a model for your organization’s future growth and profitability.
- The Finance Team of Tomorrow - Learn about financial management practices and new tools that make CFOs more efficient.
PREREQUISITES
Management experience helpful.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
Bring a calculator.
Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit
My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.
Help Feed Those in Need- The NJCPA Emerging Leaders Council is hosting a Food Drive to benefit the Community FoodBank of New Jersey. Please bring your nonperishable items and canned goods to this event. Peanut butter and tuna fish are always needed.