Using Funds Transfer Pricing for Profit Center Profitability Analysis
This webinar is part of the Funds Transfer Pricing eSchool.
Attend this webinar live on December 17, 2007 Access this archived webinar
please read Archive Webinar Overview below before accessing
Access available December 17, 2007–June 17, 2008
Tuition: $219 for the archive webinar (live webinar not included)
ABOUT THIS ARCHIVE WEBINAR
In this session, Mark Hart will introduce concepts and practical approaches to integrating Funds Transfer Pricing into the organization's management information system. He will review use of FTP rates, for "soft dollar" profitability analysis, for product and profit center. He will offer examples of the use of credit for funds provided and charge for funds used, intramural within the branch and among the non-branch profit centers.
TOPICS & OBJECTIVES
Through this webinar you will:
- Explore the integration of FTP into the management information system, existing or proposed
- Define profit centers, (funds gathers, funds users), review a chart of accounts for FTP reporting and determine what accounts are sources of funds, and which are uses of funds
- Discover what to do with suspense, payable, and receivables
- Gain a summary of FTP methods, NET, transfer price only net balances or Gross, all balances in the PC balance sheet sold to Treasury
- Identify the implications for branch profitability of referral fees facilitated via FTP
- Explore hard dollar and soft dollar profitability
- Discuss definition of "economic" profitability, what falls through to retained earnings
- Identify if soft dollar profits are useful artifacts
- Learn how to use FTP results as an incentive
- Discover centralize versus decentralized lending and identify if it makes a difference for FTP considerations
WHO SHOULD ATTEND
This webinar has been designed for financial management staff, accounting staff, management, or any other credit union staff who desire to learn more about financial management issues.
Affiliation with CUNA/League is required for attendance.
INSTRUCTORS
Mark Hart
Mark is the founder and CEO of Greenwich Software and Consulting Group, Inc. a firm specializing in management information and decision support systems for the financial services industry. He has been a lecturer and consultant in the financial services industry speaking at CFO council functions, AICPA, NABCA, and BAI conventions.
Mark has been a pioneer in the credit union industry bringing advanced, highly developed cost accounting and profitability software and management concepts to the industry. Under the auspices of the BAI trade organization, Mark wrote the first definitive work on measurement and improvement of financial services productivity, while advancing new concepts in measurement and improvement of profitability and work simplification programs. He brought cost accounting techniques common to the mining and manufacturing industry, and tailored them to the financial services industry, refining them to meet credit union management's unique needs.
ARCHIVE WEBINAR OVERVIEW
Archived CUNA Webinars enable staff to pick up new skills and keep up with daily responsibilities. Viewing a archived webinar will enable you to see and hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. If you have a computer projection screen, it's easy to provide this training to a whole roomful of staff!
Use our 90- to 120-minute archived webinars as part of a full day of training by gaining knowledge and ideas at the webinar, then spend some time discussing how the new information applies to your credit union.
A single session archived webinar will be made available usually within 48 hours of the live event and a two session archived webinar will be made available within 48 hours of the conclusion of the second session. By registering for this archived webinar, you will receive unlimited access until the end date listed above. No access to this archived webinar is provided after the end date listed above.
CANCELLATIONS
The last day for cancellations was December 16, 2007. Substitutions are accepted anytime prior to December 17, 2007 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.
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