Building a Better Budget in a Time of Uncertainty

Description

Most financial leaders would agree that budgeting is easy when business and the economy are stable. When revenues and expenses are expected to remain the same, the process becomes merely an exercise in carrying over what was done before to the current year. However,what happens when we are not sure about how the market will react to our product? What happens when the competitive landscape changes? In this course, we will discuss budgeting techniques and considerations when business lacks stability. Through a combination of theory and real-world examples, we will explore how to build flexibility into our budget -so that it can inform and drive decision-making when we don’t quite know what is ahead.

Learning Objectives

• Recall the difference between a forecast and a budget
• Identify the difference between top-down and bottom-up
budgeting
• State the key elements of a flexible budgeting approach
• Define key cost drivers
• State how behavioral biases may affect the budgeting process
• Identify how headcount efficiency may be measured
• Define scenario planning
• Recognize best practices and controls for managing budget
changes

Major Topics

• Budgets vs. Forecasts
• Cyclicality
• Core Earnings & Sustainable Growth
• Identifying Key Forecast Drivers
• Reasonableness in Forecasting
• Approaches to Budgeting
• Budgeting Variances
• Horizontal Analysis
• Flexible Budgeting
• Dealing with Behavioral Biases
• Managing Headcount
• Budgeting for Technology
• Budgeting for Data Analytics
• Forecasting & Budgeting Governance

Provider
Peters Professional Education L.L.C.
Course Level
Intermediate
Professional Area of Focus
Business & Industry
CPE Field of Study
Finance
4
Who Should Attend

CFOs & Controllers who are involved in the budgeting process

Instructor(s)
David Peters
Prerequisites

A basic understanding of budgeting
techniques

Advanced Preparation

None

Location
Online
Event Information
When
May 19, 2023
9:00 am - 1:00 pm EST
Location
Online
Total CPE Credits
4
Format
Webcast Replay

MEMBER


$ (% off)
$160.00

NON-MEMBER


$ (% off)
$180.00
Become A Member

Register for this Event

Building a Better Budget in a Time of Uncertainty


Loading
Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now

×