Using Funds Transfer Pricing for Profit Center Profitability Analysis
This webinar is part of the Funds Transfer Pricing eSchool.
Click here for more information.
ARCHIVE OPTION AVAILABLE
Can't attend at this time? Click here for the archived version.
December 17, 2007
2:00 p.m.–3:30 p.m. Central Time
(3:00p.m.–4:30 p.m. EST, 1:00p.m.–2:30 p.m. MST, 12:00–1:30 p.m. PST — Confirm the relative time in your area by visiting www.time.gov)
Tuition: $219 for the live webinar (archive webinar not included)
ABOUT THIS 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.
For more program content information, call 800-356-9655, ext. 4249 or e-mail elearning@cuna.coop. For registration questions, call 800-356-9655, ext.4400 or e-mail reginfo@cuna.coop.
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.
WEBINAR OVERVIEW
CPD Webinars enable staff to pick up new skills and keep up with daily responsibilities. Just like in face-to-face classes, students see and hear a presentation, ask questions of the instructor, and refer to handouts. You need only a speakerphone and computer with Internet connection. And if you have a computer projection screen, it's easy to provide this training to a whole roomful of staff!
Use our webinars as part of a full day of training. Gain knowledge and ideas at the webinar, then spend some time discussing how the new information applies to your credit union.
CPD Webinars use WebEx to provide an interactive and convenient online learning environment. Whether you are a first time WebEx user, or simply need a refresher, take a short tour of WebEx to help you get the most from CPD Webinars. You'll learn how to effectively interact with the presenter and your peers during live webinars.
FREE PUBLICATIONS
Try one of these publications free when you register for this program!
- Credit Union Magazine (6 months free!)
- Directors Newsletter (6 months free!)
Find out more about these publications
CANCELLATIONS
The last day for cancellations was December 9, 2007. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.
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100% Guarantee
CUNA Center for Professional Development is committed to providing a quality learning experience with cutting-edge topics and expert instructors. If for some reason you are not fully satisfied, contact us and we’ll provide you a full tuition refund or credit.
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