Building Flexible Budgeting Models: Walking Through and Crunching The Numbers

Overview

The budgeting process can be a time consuming and frustrating process for accountants.  The constraints and pressures can lead to poor decisions in both the technical and human components.  This session will cover:

Building Flexible Budgeting Models: Walking Through and Crunching The Numbers

•    We can all learn from others and improve our budgeting process by listening to our colleagues’ wisdom and experience.  This session takes a unique review of the fundamental budget issues faced by all and walks through a detailed modeling process intended to generate discussion and best practices to improve your organization’s financial planning. 

Highlights

• Budget defining,
• Budget cultures
• Tacticle budget issues
• Ideas for budget solutions and process solutions
• Understanding people in the budget process
• Communicating your budget to non financial types

Prerequisites

None

Designed For

Current and aspiring CFO’s and Controllers and/or Finance related professionals involved in teh budget process

Objectives

• Define the budget process
  • Understand varying budget cultures and choosing the right one for your organization
  • Walk through a 12-step cure for the typical Budgetaholic
  • Use Balanced Scorecard Budgeting
• How to build a model that works
  • How the right Chart of Accounts can simplify your work 
  • Building a volume sensitive model
  • Budgeting to GAAP and for Board understanding
  • Efficiently modeling payroll and benefits
  • Identifying controllable and uncontrollable expenses
  • Using variables to stress test your budget
• Understanding core personality types
  • Learning the type of person you are
  • Managing and coping with the budget team
  • Dealing with A, B and C players
  • Connecting through disconnection
• Identifying the ‘big picture” and your communications role 
  • Communicating so others can understand us
  • Understanding a presentation’s anatomy 
  • Tips and tricks for budget presentation

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.