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Focus on KPIs to improve profit – How high performing firms achieve great results – 21st and 28th October [2 Part Program]
Part of a two part program – Focus on KPIs to improve profit. Click here to register
Have you ever looked at benchmark results for the accounting industry and wondered, how did they do that? How can accounting firms achieve a net profit result of 45%?
The most recent Good Bad Ugly National benchmark report highlighted the results of the top 25% of firms in a number of areas of focus. How does your firm rate?:
- Net profit % (BPS) – 45%
- Revenue per full time equivalent – $182,281
- Salaries as % revenue – 32%
- Productivity – all FTE – 57%
- Average hourly rate – $218
- Net write-offs – 0%
- Work in progress days – 15
- Debtor days – 42
- Charge out rate multiple – 4.0
- Leverage structure – 7.3
In this series of 2 special online sessions, we’ll be reviewing each of the above KPIs and identifying what high performing firms are doing to achieve great results. With each KPI, you’ll be given a step by step process to improve your results.
We’ll also talk about the OUTLIERS – those firms that are at the upper end of the top group of firms. How can these firms achieve exceptional results, including net profit of 45%?
Finally, we’ll discuss how to actually make the changes to achieve these results, rather than simply talking about it.
What’s included in this online program:
1. Two Live Sessions – We’ll run 2 online sessions, both 60 minutes in duration to explain how top performing firms achieve exceptional results
2. KPI improvement checklist – A step by step checklist of steps firms should be taking to go from good to great in relation to the above KPIs.
3. Workbook – A workbook will be provided to assist you and your team with improvement of your firm’s KPIs.
Dates: Session 1: Wednesday 21st October 2015. Session 2 Wednesday 28th October 2015
Times: 12.30pm – 1.30pm AEDT | 2.30pm – 3.30pm NZDT
Fee: $200 + GST per firm, per location – No charge for members of the TBA Knowledge Library. Click here for more information
CPD: This program is eligible for 2 CPE / CPD Hours. A certificate will be provided on request.
Who should attend? : All staff of accounting firms who want to improve their KPI results.
Viewing Limits: Session recordings
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