Improving Profits: Identifying Cost Cutting Opportunities
In this course, we will look at the factors that prevent our companies from being as streamlined as they could be.

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
Training 2 or more people?
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9 Video
9 Quiz

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