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21WA-2272: Driver-based Budgeting & Rolling Forecasts for Fast Analysis (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Friday, August 27, 2021
9:00am - 10:50am Central Time
2 CPE (2 technical)

The annual budgeting process is often criticized as an accounting exercise that is obsolete soon after it is published, prone to gamesmanship, cumbersome, not volume sensitive, and disconnected from the organization's strategy and risk management processes. You can resolve these deficiencies using capacity-sensitive driver-based projections. Driver-based budgeting allows for quick scenario planning and far easier analysis of a growing organization whose future may look nothing like today. The driver-based budgets can be periodically refreshed to create rolling financial forecasts extending well beyond the fiscal year end. Learn how managerial accounting can become managerial economics.

Major subjects

  • The shift to "predictive accounting" for Decision Making, Planning, and Budgeting
  • Problems with traditional annual budget processes
  • Develop a driver-based "operational budget" based on resource capacity planning
  • Classify resource capacities and their expenses as sunk, fixed, step-variable, and variable
  • Create closed loop capacity plans
  • Forecast demand for budgeting and rolling financial forecasts
  • Use probable scenario planning

Learning objective(s)

  • Understand how to create driver-based budgets and rolling financial forecasts

Who should take this program?

CFOs, controllers and other corporate financial professionals

Fees

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $79.00
checkmark Standard Nonmember Fee $79.00

More program information

Instructor Gary Cokins, MBA, CPIM
Location Online
Area
of study
Management
Field(s)
of study
Accounting - Technical (2.0)
Level Intermediate
Format Group Internet Based
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Prerequisites Prereq. Some budgeting experience is helpful
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.