Live Webinar

Multi-Task Role of The CFO/Controller

Webinar Details $219

  • Webinar Date: April 27, 2021
  • Webinar Time: 12:00pm - 1:40pm EDT   live
  • Webinar Length: 100 Minutes
  • Guest Speaker:   David Osburn
  • Topic:   Taxation and Accounting
  • Credit:   CPE 2.0
All Access Membership

This webinar emphasizes the role of the CFO/Controller from a multi-task, multi-functional approach. Attend this proactive session and learn to work in a highly complex environment and still manage to survive to the end of the day! 

Topics will include management skills and techniques, banking & finance, business law, risk management, and human resource issues. The concept of the CFO/Controller as an “internal” team trainer will also be explored.

Additionally, the webinar will illustrate how the CFO/Controller can gain “personal” “economies of scale” through effective time management, negotiation skills, and personal planning.  Real life “scenarios” will be used throughout the webinar to illustrate the concepts. 

Objectives

  • Gain an understanding of how the CFO/Controller must function in a multi-task, multi-functional environment
  • Explore management skills and techniques, banking & finance, business law, risk management, and human resource issues. 
  • Learn to be an “internal” team trainer
  • Review the CFO/Controller’s ability to gain personal “economies of scale” through effective time management, negotiation skills, and personal planning

Designed For: 

CPAs, CFO/controllers, department managers, and staff accountants that manage other people in providing accounting, tax or consulting services to businesses.

  1. Introduction
  2. Objectives 00:04:26
  3. Multi-Tasking - Multi-Functional Approach 00:07:52
  4. Multi-Tasking - Multi-Functional Approach (cont’d) 00:12:55
  5. Multi-Tasking - Multi-Functional Approach (cont’d) 00:20:58
  6. Multi-Tasking - What If Scenarios 00:28:35
  7. Multi-Tasking Applied 00:33:06
  8. Multi-Tasking and Management Skills and Techniques 00:34:31
  9. Multi-Tasking and Management Skills and Techniques (cont’d) 00:36:45
  10. Multi-Tasking - What If Scenarios 00:37:49
  11. Multi-Tasking Applied 00:41:34
  12. Multi-Tasking and Banking and Finance 00:43:14
  13. Multi-Tasking and Banking and Finance (cont’d) 00:47:23
  14. Multi-Tasking and Banking and Finance (cont’d) 00:49:57
  15. Multi-Tasking and Business Law 00:53:48
  16. Multi-Tasking and Business Law 00:57:04
  17. Multi-Tasking and Risk Management 00:58:27
  18. Multi-Tasking - What If Scenarios 00:59:13
  19. Multi-Tasking Applied 01:01:31
  20. Multi-Tasking and Human Resource Issues 01:13:23
  21. Multi-Tasking and Human Resource Issues (cont’d)  01:16:48
  22. Multi-Tasking and Human Resource Issues (cont’d)  01:16:59
  23. Multi-Tasking - What If Scenarios 01:16:46
  24. Multi-Tasking Applied 01:21:57
  25. Multi-Tasking and the Role of the CFO/Controller as an “Internal” Team Trainer 01:23:44
  26. Multi-Tasking and the Role of the CFO/Controller as an “Internal” Team Trainer (cont’d)  01:26:38
  27. Multi-Tasking Through Gaining “Personal” Economies of Scale 01:27:16
  28. Multi-Tasking Through Gaining “Personal” Economies of Scale (cont’d) 01:29:11
  29. Exhibit #1: Time Wasters (Stealers) 01:30:23
  30. Exhibit #1: Time Wasters (Stealers) (cont’d) 01:31:21
  31. Multi-Tasking Through Gaining “Personal” Economies of Scale (cont’d) 01:33:35
  32. Multi-Tasking Through Gaining “Personal” Economies of Scale (cont’d) 01:36:46
  33. Multi-Tasking Through Gaining “Personal” Economies of Scale (cont’d) 01:37:32
  34. Multi-Tasking Through Gaining “Personal” Economies of Scale (cont’d) 01:39:06
  35. Exhibit #2: Project Management Techniques 01:40:09
  36. Multi-Tasking - What If Scenarios 01:41:11
  37. Multi-Tasking Applied 01:42:49
  38. Rules for Effective Multi-Tasking 01:43:59
  39. Questions 01:46:36
  40. Presentation Closing 01:47:41
  • Asset-Based Lending (ABL) 00:45:24
  • Bank Secrecy Act (BSA) 00:45:49
  • Bridge Loan 00:46:52
  • Chief Financial Officer (CFO) 00:11:55
  • Community Reinvestment Act (CRA) 00:46:13
  • Controller 00:11:56
  • Demand Deposit Account (DDA) 00:45:37
  • Family Medical Leave Act 00:57:31
  • Lender Liability 00:57:36
  • Multi-Tasking 00:07:56
  • Theory X 00:36:56
  • Theory Y 00:37:09
  • Theory Z 00:37:15
  • Zero Balance Account (ZBA) 00:51:40

Multi-Tasking: The performance of multiple tasks at one time

Chief Financial Officer (CFO): The chief financial officer is the officer of a company that has primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for the analysis of data.

Controller: A controller is an individual who has responsibility for all accounting-related activities, including high-level accounting, managerial accounting, and finance activities, within a company. A financial controller typically reports to a firm's chief financial officer (CFO), although these two positions may be combined in smaller businesses. The duties of a controller include assisting with the preparation of the operating budgets, overseeing financial reporting, and performing essential duties relating to payroll.

Theory X: Theory X assumes that employees are lazy, unmotivated, and will do anything to avoid working.

Theory Y : Theory Y assumes that employees are happy to work and will take on additional duties without being forced to.

Theory Z: Theory Z is a name for various theories of human motivation built on Douglas McGregor's Theory X and Theory Y. When Theory Z is applied, managers and other employees share responsibilities, management is participative, and employment is long term.

Asset-Based Lending (ABL): Asset-based lending is the business of loaning money in an agreement that is secured by collateral. An asset-based loan or line of credit may be secured by inventory, accounts receivable, equipment, or other property owned by the borrower.

Demand Deposit Account (DDA): A demand deposit account (DDA) consists of funds held in a bank account from which deposited funds can be withdrawn at any time, such as checking accounts. DDA accounts can pay interest on a deposit into the accounts but aren’t required. A DDA allows funds to be accessed anytime, while a term deposit account restricts access for a predetermined time.

Bank Secrecy Act (BSA): The Bank Secrecy Act (BSA) is U.S. legislation aimed toward preventing criminals from using financial institutions to hide or launder money. The law requires financial institutions to provide documentation to regulators whenever their clients deal with suspicious cash transactions involving sums over $10,000.

Community Reinvestment Act (CRA): The Community Reinvestment Act (CRA) is a law intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income (LMI) neighborhoods, consistent with safe and sound banking operations.

Bridge Loan: A “bridge loan” is essentially a short term loan taken out by a borrower against their current property to finance the purchase of a new property. Also known as a swing loan, gap financing, or interim financing, a bridge loan is typically good for a six month period, but can extend up to 12 months.

Family and Medical Leave Act: The Family and Medical Leave Act of 1993 is a United States labor law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.

Lender Liability: Lender liability refers to a body of case law where a lender is found liable for losses sustained by a borrower or a third party that directly or indirectly flows from the lender's actions in connection with a loan.


Guest Speaker

  • David L. Osburn, MBA

CPE Credit

Continuing Professional Education

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