About this course

Part of one’s duty as a CPA working in industry is to safeguard the assets of the organization. Cost cutting is one way to preserve assets and maintain a company’s competitive position in the industry. However, what keeps us from ridding our organizations of unnecessary costs? In this course, we will look at the factors that prevent our companies from being as streamlined as they could be. By using statistics and survey data, we will attempt to show how to better negotiate and navigate budgeting and contracting decisions. We will also discuss financial statement analysis techniques, benchmarking, and cash flow management in an effort to better cut costs and maintain the long-run viability of an organization.

Who Should Attend: CPAs, CFOs, and Controllers that are looking to improve profitability by streamlining expenses for either their own organization or their clients.

Field of Study: Management Services

What you will learn?
• List behavioral biases that prevent companies from being streamlined
• Identify techniques that may be used to make cost cutting a part of the company’s culture and business strategy
• Describe techniques that may be used to discern whether or not additional headcount is necessary
• Demonstrate vertical and horizontal financial statement analysis
• List key considerations when benchmarking against competitors
• Describe contracting and negotiation techniques
• Discuss the business cycle and how cash flow management changes during each stage
2 hours on-demand video
Certificate of completion
Beginner level
No prerequisites
No preparation required
1 year access


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Browse course content
9 Video
9 Quiz
2 hours
Section 1.
What keeps companies from becoming streamlined?
16m 20s
Review Question 1
1 questions
Section 2.
Information Processing Biases
11m 47s
Review Question 2
1 questions
Section 3.
How to deal with Behavioral Biases
21m 29s
Review Question 3
1 questions
Section 4.
Post-COVID Common areas of excess cost
13m 32s
Review Question 4
1 questions
Section 5.
Budget Variances
12m 38s
Review Question 5
1 questions
Section 6.
12m 33s
Review Question 6
1 questions
Section 7.
Negotiation and Contracting Techniques
6m 8s
Review Question 7
1 questions
Section 8.
Negotiating Tips
6m 30s
Review Question 8
1 questions
Section 9.
Key Takeaways
2m 36s
Final Quiz
Final Exam
10 questions
Learn from the best

David Peters, CPA, CFP, CLU, CPCU, MST, MBA, is the Founder and Owner of Peters Professional Education in Richmond, VA, as well as a Financial Advisor for Carroll Financial Associates in Charlotte, NC. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at - a position he held for over three years. He is an Adjunct Professor in Accounting & Finance at Winthrop University in Rock Hill, SC, and a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. He holds four master’s degrees and is currently pursuing his PhD in Financial Planning. He contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.