MYCPE ONE

Driver-based Budgeting and Rolling Financial Forecasts 2 Credits

Driver-based Budgeting and Rolling Financial Forecasts 2 Credits

  • Gary Cokins

    | CMA, MBA

  • Rating

    4.7

  • Reviewed on

    February, 2025

  • Subject Area

    Finance

Learning mode

On Demand
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

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AI Review Summary

Generated by AI based on all course reviews

Learning Objectives

  • What is broken with budgeting?
  • To explore the shift to rolling financial forecasts 
  • To identify how to deal with resource capacity planning
  • To explore integrating Enterprise Risk Management with CPM
  • To recall how to apply Target Costing for new products and services

Course Overview

This Finance Webinar presents a dramatic approach to resource planning and budgeting. Activity-based budgeting assists in rationalizing what levels of resources are needed to fulfill the future demands of the business. The annual year-end budgeting process has become a fixed contract that managers strive for rather than react to changes not assumed when the budget was created. Therefore the annual budgeting process is often criticized as a fiscal exercise done by the accountants that become obsolete soon after it is published, prone to gamesmanship, cumbersome, not being volume sensitive, and disconnected from the strategy and needed risk mitigation spending. 

You can resolve these deficiencies using capacity-sensitive driver-based expense 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 budget can be periodically refreshed to be rolling financial forecasts extending beyond the fiscal year-end. By applying this, the secondary purposes for budgeting like cash flow projections for the treasury function can be achieved by implementing modeling techniques performed by business analysts. 

This Online CPE Webinar covers the following key topics:

  • Identifying key budgeting process issues
  • Risk assessment grid
  • Linking Strategy and Risk to the Budget
  • Continuous Refreshing the Rolling Financial Forecast
  • How to deal with Resource Capacity Planning
  • Integrating Enterprise Risk Management with CPM
  • Risk managers: Friend or Foe of executives
  • The intelligence hierarchy

In this webinar, internationally recognized author and expert speaker Gary Cokins explore how managerial accounting can become managerial economics. 

On Demand Credits for All Qualifications

License details Credits Status
Finance for Certified Public Accountants (CPA-US) 2 CPE Approved
Finance for Chartered Professional Accountant in Canada 2 CPD Eligible
Financial Analysis for Certified Internal Auditors (CIA) 2 CPE Eligible
Planning, Budgeting, and Forecasting for Certified Management Accountants (CMA) 2 CPE Eligible
Budgeting for Chartered Global Management Accountants (CGMA) 2 CPE Eligible
Finance for Certified Valuation Analyst (CVA) 2 CPE Eligible
Finance for Chartered Financial Analyst (CFA) 2 PL Eligible
Finance for Certified Government Financial Manager (CGFM) 2 CPE Eligible
Financial Planning for Chartered Financial Consultant (ChFC) 2 CE Eligible
Finance for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Approved
Financial Planning and Analysis for Certified Treasury Professional (CTP) 2 CE Eligible
Association of Chartered Certified Accountants (ACCA) 2 CPD Eligible
Financial Planning for Certified Wealth Strategist (CWS) 2 CE Eligible
Chartered Accountant - ICAEW 2 CPD Eligible
Financial Planning for Retirement Income Certified Professional (RICP) 2 CE Eligible
Financial Planning for Certified Fiduciary and Investment Risk Specialist (CFIRS) 2 CE Eligible
General finance principles and financial concepts for Certified FP&A Professional (FP&A) 2 CE Eligible
Financial Planning for Financial Services Certified Professional (FSCP) 2 CE Eligible
Financial Planning for Wealth Management Certified Professional (WMCP) 2 CE Eligible
Finance for Financial Risk Manager (FRM) 2 CPD Eligible
Finance for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 2 CPE Eligible
Financial Planning for Chartered Advisor in Senior Living (CASL) 2 CE Eligible
Finance for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Approved
Finance for CIPM 2 PL Eligible
Finance for Maine Licensed Public Accountant (ME-LPA) 2 CPE Approved
Chartered Accountants - Scotland 2 CPD Eligible
Financial Planning for Chartered Special Needs Consultant (ChSNC) 2 CE Eligible
CPA - Ireland 2 CPD Eligible
Chartered Accountants - Ireland (CAI) 2 CPD Eligible

Additional Information

Credits

2

Course Level

Intermediate

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Elevate your valuation expertise with MY-CPE's top-tier CTP CE Courses, tailored specifically for professionals looking to advance in the field of Certified Treasury Professional. At MY-CPE, we pride ourselves on offering courses that not only fulfill your CPE requirements but also enhance your understanding and skills. Our comprehensive selection of CTP CE courses is designed to keep you at the forefront of valuation knowledge, ensuring you remain competitive and proficient in your career.

About Instructor

Gary Cokins

Gary Cokins | CMA, MBA

Advisor, Gary Cokins

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

Gary Cokins is an internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics. He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina at www.garycokins.com . Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA with honors from Northwestern University’s Kellogg School of Management in 1974.Gary began his career as a strategic planner with FMC’s Link-Belt Division and then served as Financial Controller and Operations Manager.

In 1981 Gary began his management consulting career first with Deloitte consulting, and then in 1988 with KPMG consulting. In 1992 Gary headed the National Cost Management Consulting Services for Electronic Data Systems (EDS) now part of HP. From 1997 until 2013 Gary was a Principal Consultant with SAS, a leading provider of business analytics software.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (72%)

Very Good (24%)

Average (4%)

Poor

Terrible

YK

Yossef Kalfa, EA

5

Outstanding course on driver-based budgeting and rolling financial forecasts! Gary Cokins delivered comprehensive instruction covering critical topics including driver-based budgeting methodology, key business drivers, rolling forecasts versus static budgets, variance analysis, budget modeling, continuous planning, scenario analysis, and financial planning best practices. The course provided exceptional clarity on resolving deficiencies in traditional annual budgeting through capacity-sensitive driver-based expense projections. Particularly valuable were the discussions on integrating performance management with risk management, preventable versus external risks, strategy execution risks, and the role of Enterprise Risk Management in corporate performance management. The structured approach to linking strategy and risk to the budget, continuous refreshing of rolling financial forecasts, and resource capacity planning equips finance professionals with powerful frameworks for effective budgeting and forecasting. The integration of target costing methodology for new products and services provides essential tools for strategic planning. This course is indispensable for finance professionals seeking to transform traditional budgeting processes into dynamic, risk-aware, driver-based planning systems that align with organizational strategy and operational realities.

JM

Jordan Mcgratten, CPA in Canada

5

This course is very well written with lots of examples and explanations of how they relate to the different areas in the course.

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Driver-based Budgeting and Rolling

Inclusions

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