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Critical Thinking for Financial Professionals Webinar

CPE

When
May 14
9:00 - 10:00 a.m.

CPE Credits
1-Other

Details

 Pricing

PICPA Member: $49 | Nonmember: $74


 More Information

Course No.
EEJDCTS1
Level
Intermediate
Prerequisites
Some background in logical thinking is helpful
Note
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.

Description

What were they thinking? Why do business leaders sometimes make horrible decisions that severely damage themselves and their organizations? It is tempting to assume that poor choices must be due to someone's incompetence, inexperience, bad character, or low intelligence. Yet, when we make a mistake ourselves, we someone rationalize it as a choice other people would make under the same circumstances. This session will discuss the common decision-making errors people make and to help you avoid making these blunders yourself. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:
Gain insights that will help you, and your management team make better decisions.

Highlights

Two Systems of Thinking

  • System 1
  • System 2

How cognitive bias can cause you to make bad decisions

  • Anchoring
  • Availability
  • The Dunning-Kruger Effect
  • The Ikea Effect
  • The Rhyme as Reason Effect
  • Substitution

6 Tips for making better decisions



Speaker(s)

John L. Daly, CPA, CMA, CPIM Executive Education/Chelsea, Michigan John Daly holds a BS from Denison University in Granville, Ohio and an MBA from the University of Michigan. He spent five years in Management Consulting with two national accounting and consulting firms before becoming Controller and then Vice President of Finance of an original equipment automotive parts manufacturer that saw six fold sales growth during his ten-year tenure. He has also been Chief Financial Officer of several other manufacturing companies and a large restaurant chain. He is the author of Pricing for Profitability: Activity-Based Pricing for Competitive Advantage published by John C. Wiley & Sons, and various professional articles. Mr. Daly currently has a management consulting practice that specializes in early-stage turnarounds and pricing strategy. He also performs interim CFO engagements and sits on the boards of several for-profit and not-for-profit organizations.

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