CFOs & Controllers who are involved in the budgeting process.
Learning Objectives
After attending this presentation you will be able to...
- 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
- Identify key cost drivers
- State how behavioral biases may affect the budgeting process
- Identify how headcount efficiency may be measured
- Determine scenario planning
- Recognize best practices and controls for managing budget changes
Major Topics
The major topics that will be covered in this class include:
- Budgets vs. Forecasts
- Cyclicality
- Core Earnings & Sustainable Growth
- Identifying Key Forecast Drivers
- Reasonableness in Forecasting
- Approaches to Budgeting
- Budgeting Variances
- Horizontal Analysis
- Flexible Budgeting
