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CFO Series-Fixing System Risks: Two Keys to Success Webinar


Dec. 23
11:00 a.m. - 1:00 p.m.

CPE Credits



PICPA Member: $79 | Nonmember: $104

 More Information

Course No.
Participants should have at least six months of industry experience and a thorough knowledge of financial accounting principles and practices.
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from with the log-in information.


The system failed; it does not work. The system does not deliver as promised. Processes that used to work – suddenly blow up. Too often we work in an environment where one or more systems fail. We will discuss the two key causes why most business systems crash. What are the steps to take that will reduce system risk? Why do we unintentionally design systems that are doomed to fail? This session outlines multiple steps to reduce and hopefully eliminate system risks. Proper planning is essential. If you are a ‘Fix-it” person, then this session is for you.

Learning Objectives:

After attending this presentation you will be able to...

  • Determine the common root causes that increase risk and cause systems to fail and the next steps to take to avoid business system failure
  • Identify the two major reasons why many systems fail
  • Analyze why we unintentionally design systems that fail, the trade-offs and management expectations


The major topics covered in this class include:

  • Why are Accounting and Finance Leaders skilled at analyzing broken systems?
  • Open systems versus closed systems - which is better and why?
  • There is no such thing as a perfect system, yet we still try!
  • Lessons from US Navy SEAL teams
  • What are some of the more common reasons why systems fail?
  • How to plan for and avoid the two root causes of most system failures


Don Minges, MBA

Don Minges, MBA, is the principal at The Knowledge Institute, LLC,, a leading CPE provider.  Don also serves as a fractional CFO who works in diverse industries at various stages.  His expertise is in profitability enhancement, strategic planning, venture capital, mergers & acquisitions, consulting, turnarounds, economic forecasting, cost accounting and financial analysis.  Don has experience raising equity and has invested equity into promising businesses.  He has served on the Board of Directors for several firms.  Don graduated with highest honors from the Fuqua School of Business at Duke. Don’s mission is to increase the value of the business.

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