CFO - Enhancing Productivity

Overview

This four-topic presentation spotlights varied methods to enhance productivity, focusing on proven risk reduction strategies, ERM and insurance management. We also take an in-depth look at the true cost of quality and why quality matters. The focus is straightforward: Understanding risk and getting the most return from risk reduction with verified approaches to increase profitability, thus improving the health of the organization.

This course qualifies for reimbursement through the state’s Workforce Training Express Fund. As of April 7, 2025, the state’s Workforce Training Express Fund suspended reimbursements for training costs to Massachusetts businesses. While we don’t have a confirmed timeline for the program to resume, it will likely be sometime this summer. We will continue to monitor this closely and encourage you to visit the state’s Workforce Training website for the most current updates and guidance. 

This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course. The course code for this program is C-13315. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.

Highlights

Topics Discussed • What do we mean by quality? • Why does quality pay off? • Total quality management, including lean and six sigma • The four elements of the cost of quality • Practical prevention activities • The necessity of appraisal and why quality cannot be inspected into a process • Sources of internal failure and other sources you may not have considered • External failure and the hidden costs of ‘shortcuts’ • Creating an effective and actionable cost of quality report

Designed For

Accounting Professionals

Objectives

Understanding the process to determine the cost of quality within your organization. Why does quality matter? Why is quality so valuable?