23CF-MBAC: MNCPA Management & Business Advisers Conference (MBAC23)
E1. Broad Answers to Budget and Reporting Problems
Speaker:
Robert Mims
Tue, 2:10 pm - 3:25 pm
You know the basics of the budget process, but is it possible to make it more effective, efficient and even fun? The traditional budgeting process can produce stale results and an annual trap that doesn’t weed out the flaws that creep in. For organizations looking to refresh the results, purpose and engagement of their budgeting, several tools are worth contemplating. Learn more about the key processes of successful budgets and how to balance the important technical and human components. Identify the flaws in your budgeting process and determine if your budget needs an overhaul or just a tune up. Examine what steps you can take to budget for economic and external factors beyond your control. Get tips on how to make the budget flexible, review common budgetary problems and discuss solutions. Walk away with a better understanding of the complex issues involved in budgeting and best practices for improving your process.
NASBA field of study: Finance - Technical (1.5)
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