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Scenarios, Contingency Planning, & Simulation to Achieve Your Goals & Strategy


Total Credits: 8 including 8 Finance - Technical

Average Rating:
   32
Categories:
Accounting and Auditing |  ACPEN Industry Institute |  Industry
Speaker:
John Antos
Course Levels:
Overview
Duration:
8
License:

Dates


Description

The world is changing very rapidly. Planning and budgeting for either one expected outcome or the sum of the probabilities of several outcomes,  no longer makes sense. Accountants must help their organizations and their clients think about several scenarios. It is more important to be prepared to adapt to different scenarios than to try and pick out one scenario. Contingency Planning usually deals with one issue rather than a variety of potential outcomes, and it is extremely important to deal with that issue because that one issue can have a material impact on your organization. We will also discuss “Simulations” which involves specialized software for complex issues like designing a new factory or evaluating oil deposits thousands of feet underground. Simulations also occur when accountants have to do forecasts for mergers, estimated taxes, quarterly and annual estimates, etc.

Basic Course Information

Learning Objectives

*Be able to sell executives on why creating a single plan for a whole year is not practical in a fast changing world

*Understand that accountants are frequently creating financial simulations

*Understand difference between contingency planning simulations and scenarios and where they overlap

*Understand why organizations need to create several scenarios of potential future outcomes

*Understand components of scenarios and how to make them simple or complex depending on the organization and the scenario


Major Subjects

*Contingency Planning

*Simulations

*Risk Management

 *Business Strategy


Course Materials

Speaker

John Antos Related Seminars and Products

President


John Antos is president of Value Creation Group, Inc., internationally recognized consulting group providing innovative strategic and operational solutions. Our very experienced management consultants specialize in Activity Based Management/Costing/Budgeting (ABM/ABC/ABB), strategic planning, Balanced Scorecard, outsourcing, performance management, reengineering, quality and value management. 

For 30 years he has consulted and trained executives and managers. His newest seminar and keynote speech is on “Accounting IS Changing! Are YOU Ready? It is based on research and actual experience on 3 continents. It is a stimulating presentation to get Accounting and Finance professionals to think differently based on Executive demand.

He has been President, CFO, Treasurer, and Controller. He turned around company on verge of bankruptcy.  He worked in service, manufacturing, government, nonprofit, and distribution organizations.  While working at Marsh & McLennan, he helped create an ABC costing model in 1976 to write malpractice insurance.

He earned University of Chicago MBA-Accounting, University of Illinois BS in Business Administration, Certified Management Accountant and CFP.  He consults and trains in U.S., Europe, Canada, South & Central America, Caribbean, Middle and Far East. He taught American Management Association’s Activity Based Management/Costing/Budgeting (ABM/ABC/ABB), Balanced Scorecard, Economic Value Added, Performance Management seminars.  He taught Managerial Cost/ABM at U. of Texas-Dallas.

Clients: AARP, AICPA, Allmerica Financial, American Express, AIG (insurance), Alliance Data, Alliance Insurance, AKZO, American Society of Quality, American Presidents, American Ultramar  (oil), Amtrak, AMWEST Savings, Andrew, Arinc, Army Management Staff College (AMSC); ARCO, Arinc (computer systems), BANK ONE, Barbados Telephone, Baxter Healthcare, BET UK, Beatrice, Beech Acres, Blue Cross Blue Shield, Boeing, Brach, CENTEL, CEO Institute, Ciba-Gigy, Citizens Insurance, City of Charlotte, Computer Science, Conagra, Contel, Connaught Labs, Cornell University, Courtald, U.K., Dana Commercial Credit, DART(Dallas Area Rapid Transit), Delta Dental Plans, Dentsply (health care), Defense Logistics Agency, Dept. of Education, Detroit Coca Cola, Digital Equipment, Discover Card, EG &G, Electric Power Research Institute, Emerson, Engelhard (mining), Epson, Fairview Community Hospitals, Federal Bureau of Prisons, Field Packing, First National Bank-Chicago, GATX, General Electric, Goodyear, GSA, Hammond Lead, H.J.Heinz, Hilton, Home Care of Carolinas, Hoechst Celanese, IESC (Poland), Interlake Steel, JC Penney, Johnson & Johnson, KLM, Kuwait National Petroleum, Leahy & Co., LeMANS Group, Liberty Mutual, March of Dimes, Marriott, Masco, Mobil, Moorman, Myo-tronics,  (electronics), Nationwide  Insurance, NBA, National Security Agency(NSA), Navistar, NYCH, Personal Home Care Services, PGA, Philips Electronics, Phillips Petroleum, Phoenix Duff & Phelps, Printpack, Rank Video, RCI, Redmond (beauty aids), Reliance Electric, Riverbend (agriculture), ROHO (health care), Rosemount, Russell, Sallie Mae(student loans), San Diego Gas & Electric, Sara Lee, Saudi Aramco, ServiceMaster, Seta, SKF, Solarex, State of Mississippi & Tennessee, Sun Life of Canada, Tempel Steel, Thompson (publishing), Treasury Department, United Methodist Church Board of Pensions, United Telecome (computers), U.S. Air Force, Army, Navy, U.S. Pharmacopeial, U.S. Postal Service, U.S. West, Visiting Nurse Services of Southern Maine, Wausau Insurance, and Western Co.  He spoke for AICPA, CAM-I, Cost Con; CMC2000; Financial Institutions, Illinois Cemetery Assoc., National Soft Drink Association, IASA, LOMA (insurance association) , President's Forum.

Co-authored Activity Management for Services Industries, Government Entities, & Nonprofit Organizations (Wiley); Driving Value Using Activity Budgeting (Wiley);"Activity Based Budgeting" Handbook Budgeting Supplement; "Activity Based Management" Management Accountant's Handbook; Intermediate Finance & Accounting-Next Step, Modern Cost Accounting, Management Course- Finance for AMA, "Applying ABC to Purchasing" and "Creating Bill of Activities" AMA's Finance Forum, and "ABM for Service, Not-for-Profit, and Government Organizations" in Journal of Cost Management.  

7820 Scotia Dr. #2000, TX 75248 john.antos@valuecreationgroup.com Ph: 972.980.7407 www.valuecreationgroup.com

 


Additional Info

Basic Course Information

Advanced Preparation None
Course Developer John Antos
Designed For Anyone looking to become more focused and productive in their work and in their life
Original Recording Date 9/17/14
Prerequisites None
Yellow Book

No


Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Instructional Delivery Method Group Internet Based
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Course Registration Requirements

Online Registration


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Overall:      4

Total Reviews: 32