Driver-based Budgeting and Rolling Financial Forecasts

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Course Description
Course Qualification
Presenter
FAQ

Course Description

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.

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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

Recommended For

This Online CPE/CE webinar is recommended for CPAs, CIA, CMAs, and any other professional interested in exploring finance from the budgetary to forecasting
This Online CPE webinar is recommended for CPAs in Canada and other professionals at any level who desires to help their client making financial decisions

Who Should Attend?

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

Course Qualification

Webinar Qualifies For

2 CPE Credit of Finance for Certified Public Accountants (CPA-US)
2 CPE Credit of Corporate Finance for Certified Management Accountants (CMA)
2 CPE Credit of Financial Analysis for Certified Internal Auditors (CIA)
2 CPE Credit for Certified Government Financial Manager (CGFM)
2 CPD Credit of Finance for Chartered Professional Accountant (CPA Canada)
2 CRE Credit of General finance principles and financial concepts for Certified Corporate FP&A Professional (FPAC)
2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
2 CE Credit for Certified Wealth Strategist (CWS)
2 General Credit for Accountant/Bookeeper
2 CPD Credit for CA - ICAEW
2 CPD Credit for Chartered Certified Accountants (ACCA)
2 CPD Credit for Chartered Accountants - Ireland (CAI)
2 CPD Credit for Chartered Accountants - Scotland
2 CPD Credit for CPA - Ireland
2 PL Credit for Certificate In Investment Performance Measurement (CIPM)
2 CPE Credit of Finance for Certified Valuation Analyst (CVA)
2 CPE Credit of Finance for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
2 CPD Credit of Finance for Accredited in Business Valuation (ABV)
2 PL Credit for Chartered Financial Analyst (CFA)
2 CPE Credit for Chartered Financial Consultant (ChFC)
2 CPE Credit for Chartered Advisor in Senior Living (CASL)
2 CPE Credit for Chartered Special Needs Consultant (ChSNC)
2 CPE Credit for Retirement Income Certified Professional (RICP)
2 CPE Credit for Wealth Management Certified Professional (WMCP)
2 CPE Credit for Financial Services Certified Professional (FSCP)

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

QAS Self Study
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

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

MY-CPE LLC (Sponsor Id#: 143597) 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.

Presenter

About Presenter

Gary Cokins, CMA, MBA

Advisor, Gary Cokins

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.

About Company

Gary Cokins

www.analyticsperfmgmt.com

Analytics-Based Performance Management LLC. provides advisory services to organizations, consulting firms, and software vendors with their challenges to get started, implement, and leverage enterprise and corporate performance management (EPM / CPM) methods such as customer profitability analysis (using ABC), analytics, rolling financial forecasts, strategy maps, and balanced scorecards (KPIs).

Faq

FAQs content

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