Budget Mastery: Walkthroughs and Real World Calculations Towards Tying Budgets To Value

Overview

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 modeling.  From the beginning of the accounting process – ‘the chart of accounts’ to the end of the process – ‘the valuation of the company’, the budgeting cycle via a live case model to learn best practices common to successful companies.   This course stands on its own but is part two of a four part budget mastery series.

Highlights

• How to build a flexible budget model that works?
• What are the steps we can take to budget for economic and external factors beyond our control?
• How the right Chart of Accounts can simply your work?
• Budget and GAAP are not the same and why they are fine not to be
• Efficiently modeling payroll and benefits
• Identifying controllable and uncontrollable expense
• Using key variables to stress-test your budget

Prerequisites

None

Designed For

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

Objectives

• 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

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.