Trash the Timesheet and Achieve Better Results (ACOP)


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Discussion Leader
Ed Kless

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Trash the Timesheet and Achieve Better Results (ACOP)

Customer Rating

Field of Study

Professional Development

Level

Intermediate

Credits

1

Qualifies For

CPE

Overview

This session will be dedicated to the possibility that a professional firm will achieve better results for its customers and be more profitable when it eliminates the timesheet. Creating such an organization is hard work and not for everyone. It requires us to think differently than we have in the past about what it is that we do. You are hereby invited to open a dialogue on a different model for a professional firm.

Major Topics

  • The four defenses of timekeeping: For pricing; For efficiency; For costing; For project management
  • The ethics and morality (or rather lack thereof) of timekeeping
  • What replaces time keeping: Value-led pricing; After-action reviews; Key predictive indicators
  • A thought experiment around KPIs

Learning Objectives

  • Understand the four reasons given for timekeeping and why they are all wrong
  • Understand what replaced timesheets in a professional knowledge firm
  • Understand why timesheets are an example of floccinaucinihilipilification

Designed For

CPAs who want to end their reliance on a false theory of value/cost

Prerequisite

None

Advanced Preparation

None


'
Discussion Leader
Ed Kless

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