American Strategic Management Institute

Financial and Performance Reporting

Publicly traded companies have overcome the first challenge of Sarbanes-Oxley (SOX) compliance. With the pains of first year compliance behind corporate America, executives now face a new challengeãgaining value out of compliance efforts. A survey conducted by Financial Executives International reveals that the first-year section 404 compliance resulted in 26,000 hours of employee labor per company to meet regulatory standards. Needless to say, improving financial reporting processes, assessing internal controls and meeting the regulations of SOX have not come to corporate America easily. This training course and the corresponding Advanced Courses facilitate the compliance and reporting practices by developing unique skills within your managers and employees and teaching them how to improve efficiency, enhance data quality, and identify linkages between operational and functional performance

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Financial and Performance Reporting
DAY ONE: Leveraging Financial Measures for Organizational Success

Module 1: Establishing Meaningful Financial Outcome Measures
• Identifying meaningful and accurate financial performance outcomes
• Ensuring the integrity of financial data
• Validating financial outcome measures with internal and external stakeholders

Module 2 Leveraging Financial Measures for Organizational Success
• Identifying meaningful linkages between operational and financial performance
• Evaluating individual and team performance in terms of overall financial goals
• Aligning operational performance data with financial performance metrics

Module 3 Integrating Performance Management into Compliance Strategies
• Leveraging compliance efforts for effective performance management and strategies
• Assessing process efficiencies in terms of financial disclosure compliance
• Leveraging financial reports for operational performance improvements
• Enhancing financial and performance data quality

DAY TWO: Improving the Financial Reporting Process

Module 4: Minimizing Risk through Financial Reporting
• Identifying and classifying material weaknesses
• Establishing internal control frameworks to facilitate weakness identification
• Assessing and strengthening internal controls

Module 5: Utilize Advanced Financial Reporting Mechanisms
• Develop real-time reporting functions
• Implement rolling forecasts of financial and operational performance data
• Design dashboards and report cards that communicate accurate performance information