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21WA-3435: Driver-based Budgeting & Rolling Forecasts for Fast Analysis (Webinar)

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

Date Monday, November 29, 2021
Time 9:00am - 10:50am
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Accounting - Technical (2.0)
Instructor Gary Cokins, MBA, CPIM
Executive Education, Inc.
Fees
Standard Member Fee $79.00
Standard Nonmember Fee $79.00

Description

The annual budgeting process is often criticized as an accounting exercise that is obsolete soon after it is published, prone to gamesmanship, cumbersome, not volume sensitive, and disconnected from the organization's strategy and risk management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.

Who should take this program?

CFOs, controllers and other corporate financial professionals

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

Notes:

Course code Code 21WA-3435
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. Some budgeting experience is helpful
Advance
prep
None

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