Learning

Profitability Through Accountability: Plugging the Leaky Bucket (On Demand)

Transformation Area

Accounting Transformation

On Demand

Tax Transformation

Offered By:

Inspiration Operative:
Bill Penczak , CPA

Transformation Area:

Field of Study:

CPE Credits

2 Hours

Prerequisite(s)

None

Content Type

On Demand

Level

Beginner

Assessment

No

Course Overview

While most firms focus on top line growth, the most successful firms place equal if not greater importance on margin contribution. There are many factors that can impact margin, and evolving trends including alternative pricing models, alternative staffing models, and better overall processes to ensure that firms can make a profit on their engagements. In this course, we will discuss they key KPIs and pain points related to the factors that can impact profit margin, and present leading practices in each designed to improve the dollars you keep vs. the time you spend on client engagements.

Learning Objectives

Identify common issues and benchmark data related to firm profitability
Describe leading practices in better capture of time, WIP, and engagement management
Identify how firms can use evolving strategies such as outsourcing/offshoring, resource sharing, and value billing to improve margin contribution

Intended Audience

Firm leaders, managing partners, owners, HR managers

Advanced Preparation

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