In the complex world of finance and operations, accurately measuring and improving performance can often be a challenging endeavor. This course addresses this challenge by exploring essential tools and metrics crucial for assessing financial and operational success. With a focus on key performance metrics, the course guides you through the intricacies of conducting SOC Scope Audits of Systems of Internal Controls, a vital process for ensuring reliability and integrity in financial reporting. Additionally, you'll learn how to determine critical risk factors and appropriate measures of effectiveness, essential for strategic decision-making. The course also includes practical instruction on calculating the Economic Value Added (EVA) for a business, a powerful tool for assessing true economic profitability. This course is designed to equip finance and accounting professionals with the skills and knowledge to enhance operational efficiency and make informed decisions that drive business success.
Learning Objectives
Upon completion of this course, participants will be able to:
SOC Scope Audits of Systems of Internal Controls;
Determining appropriate critical risk factors;
Determining appropriate measures of effectiveness; and
Calculate the Economic Value Added for a business.
Major Topics
SOC Scope Audits of Systems of Internal Controls
Performance and operations
Economic value added (EVA)
Financing
External funds needed (EFN)
Debt vs. equity
Accounting
Lean accounting and process mapping
Activity-based costing