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Driver-based Budgeting and Rolling Financial Forecasts

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Before starting this self study program, please go through the instructional document.

Overview

  • Drowning in Data but Starving for Information
    6 mins
  • Two CPM Views: Hindsight and Foresight
    16 mins
  • ABC/M Assignment Nework
    27 mins
  • Risk Assessment Grid
    39 mins
  • Predictive Accounting
    50 mins
  • Vision & Mission
    69 mins
  • The Complete Vision of Performance Management
    86 mins

Course Description

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. 


Click to access more webinars on Trust & Estate Planning CPE | Tax Resolution CPE Webinar | Free Ethics CPE Webinar

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

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Certified Management Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA