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Building Flexible Budgeting Models: Walking Through and Crunching The Numbers

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Online/Webcast

2.00 Credits

Member Price $79.00

Non-Member Price $109.00

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. 


  • Speaker - Bob Mims
  • 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

    Non-Member Price $109.00

    Member Price $79.00