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Course Description

At the strategic, operational, and tactical levels of managing the finance function of an organization, critical economic data is needed to properly forecast the impact of the economy on an organization. This course will provide you with critical economic information on topics relevant to the financial executive, provide various potential forecasting scenarios, and explain their impact on the organization.


Francis X. Ryan, CPA, CGMA, MBA

Frank Ryan, CPA, CGMA, MBA, is the president of F.X. Ryan & Associates, which specializes in lean systems implementations, activity-based costing, strategic and operational risk analyses, and corporate governance evaluations. Frank serves and has served on numerous boards of publicly traded companies and nonprofit organizations. In 2008, he was elected chairman of the board of Good Shepherd Center. Frank has served as chairman of the audit committees of two publicly traded companies, and he’s the current audit committee chairman of a major nonprofit organization in Maryland. Frank is an acclaimed author on activity-based costing, lean systems, and enterprise risk, and he lectures for numerous state and national organizations. Currently, he’s a Western CPE conference instructor, self-study author, and webcast presenter.

Frank graduated summa cum laude from Mount St. Mary’s College and received his MBA from the University of Maryland in 1977.

A retired Marine reserve colonel, he was recalled to active duty out of retirement in 2004 and served with Multi-National Force—Iraq until June 2005. Before retiring, Frank served during Operation Enduring Freedom and spent time in Afghanistan with the Joint Forces Special Operations Command. His personal military decorations include three Legions of Merit, the Bronze Star Medal, the Defense Meritorious Service Medal, the Navy Commendation Medal, and the Army Commendation Medal. Frank's military expertise includes special operations, civil affairs, and economic warfare.

Course Specifics

Sep 22, 2017

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Analyze critical economic issues and the forecasting process of the finance department of an organization
  • Understand the COSO standards of risk and the impact on AU-C 314 and AU-C 316
  • Identify the impact of inflation statistics
  • Cite the impact of the Federal Open Market Committee Meeting minutes on the money supply, banking relations, and the potential direction of interest rates
  • Analyze the impact of future interest rates and fair value impact on assets
  • Describe the impact of unemployment and the labor force participation rate and their potential impact on pay and benefits
  • Cite the impact of oil and gas futures and other commodities
  • Determine the impact of federal deficit spending, the future of the deficit, and the potential impact on corporate funds availability
  • Describe Social Security funding shortfalls
  • State the impact of unemployment compensation costs and rates by state
  • State the impact of workers' compensation costs and rates by state
  • Describe the future of medical care in the United States, the impact on employees, and the total costs by state
  • Determine the impact of international economic issues on domestic operations

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