PACE Moments
PACE Moments is our podcast series where our experts and guests discuss many aspects of corporate finance and analytical models that will help make better, more informed decisions possible in your organization.
Revenue management for finance professionals
Raef Lawson
Finance is often primarily focused on cost management. Cost and revenue management are two sides of the same coin, yet accountants often fail in being familiar with both of these and how they can impact the organization's profitability. In this podcast, Raef Lawson explores how to work cross-functionally to be more involved in the revenue creation process and contribute to organizational value.
Anything can be measured
Kip Krumwiede
In this podcast, Raef Lawson interviews Kip Krumwiede, former Director of Research at IMA and currently a business consultant. Kip shows how anything really can be measured and gives several examples relating to revenue modeling, cost modeling, investment management and making forecasts when our COVID world seems so uncertain. To make it actionable, Kip gives tips on ways to implement and improve profitability analytics without causing a lot of extra work and stress.
What is an analytics translator?
Raef Lawson
In order to exploit the digital transformation of business, finance professionals need to be able to effectively communicate the “story” in the data. Listen to this podcast to learn about the various types of visualizations and best practices.
Resources, activities, and profitability
Larry White
Story telling with data visualization
Raef Lawson
In order to exploit the digital transformation of business, finance professionals need to be able to effectively communicate the “story” in the data. Listen to this podcast to learn about the various types of visualizations and best practices.
Accounting education must change
Raef Lawson
To many people, management accounting is almost synonymous with cost accounting, yet management accounting can and should be, so much more. The role of management accountants is changing due to three main factors, changing expectations around the role management accountants should play, the rapid evolution of technology and data analytics, and the pressures placed on companies by the pandemic. In this podcast, we focus on how accounting education programs must better prepare their students to be ready for the needs of the profession
Maintaining relevance in the digital age
Raef Lawson
The accounting profession is facing challenges as disruptive technologies change its practices at an ever-increasing rate. Machine Learning and RPA (Robotic Process Automation) are eliminating the need for many entry-level accounting positions and some higher-level positions as well. In this episode, we examine the future role of the finance function and how accountants can remain relevant and become strategic business partners.
Nine forces causing great interest in PACE
Gary Cokins
Management accounting practices at most organizations are stuck in the 1960s. In this podcast we discuss nine factors that have recently caused the interest in the adoption of better techniques to accelerate.
PACE and the Profitability Analytics model
Hick's three laws of pricing
Doug Hicks
There are many principles, connects and laws that apply to product and service pricing. In this podcast we discuss three laws that companies often violate or ignore.
The "one version of the truth" myth
Larry White
Advocates of modeling and decision support often tout financial accounting and reporting data as the "one version of the truth". In this podcast, Larry White discusses why this is not the case for decision support and how causality should be considered when "assigning" cost.
Depreciation expense and managerial costing
Doug Hicks
When considering depreciation there are two perspectives to consider, financial and tax accounting (which is backward-looking) and managerial accounting (which is forward-looking). In this podcast, Doug Hicks discusses why depreciation measured by financial or tax accounting has no place in managerial costing and what can be used to be more realistic.