Driver-based Budgeting & Rolling Forecasts for Fast Analysis

Course Details

Date

Monday, September 24, 2018

7:00am – 8:30am (Registration: 8:01am)

Location

Online

Field of Study

Accounting & Audit

CPE Credit

1 hour CPE credit

Level of Knowledge

Intermediate

Vendor

CPA Crossings

Prerequisites

Some budgeting experience helpful

Description

The annual budgeting process is often criticized as a fiscal exercise done by the accountants that is obsolete soon after it is published, prone to gamesmanship, cumbersome, not being volume sensitive, and disconnected from the strategy and needed risk mitigation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 create rolling financial forecasts extending beyond the fiscal year end. Learn how managerial accounting can become managerial economics.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.

Highlights

The shift to "predictive accounting" for Decision Making, Planning, and Budgeting

  • Problems and deficiencies with the traditional annual budget process
  • How to develop a driver-based "operational budget" based on resource capacity planning
  • Classify resource capacities and their expenses as sunk, fixed, step-fixed, and variable
  • Create closed loop capacity plans
  • Demand forecasting for budgeting and rolling financial forecasts
  • Use probable scenario planning.

Objectives

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

Designed For

CFOs, Controllers and other corporate financial professionals

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$64.00

Non-Member Fee
$64.00

Your Price
$64.00

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