Building a Better Budget in a Time of Uncertainty
Friday, April 18, 2025
10 a.m.-2 p.m. Central
4 CPE (4 technical)
Course code: 25WX-0247
View pricing
Online registration is not available due to server maintenance.
Please call 952-831-2707 between 7:30 a.m. and 4:30 p.m. Central to register.
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. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Major subjects
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Budgets vs. Forecasts
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Cyclicality
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Core Earnings & Sustainable Growth
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Identifying Key Forecast Drivers
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Reasonableness in Forecasting
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Approaches to Budgeting
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Budgeting Variances
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Horizontal Analysis
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Flexible Budgeting
Learning objectives
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Recall the difference between a forecast and a budget
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Identify the difference between top-down and bottom-up budgeting
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State the key elements of a flexible budgeting approach
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Identify key cost drivers
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State how behavioral biases may affect the budgeting process
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Identify how headcount efficiency may be measured
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Determine scenario planning
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Recognize best practices and controls for managing budget changes
Who should take this program?
- CFOs & controllers who are involved in the budgeting process.
Pricing
|
Standard Member Fee |
$149.00
|
 Standard Nonmember Fee |
$149.00
|
Our records indicate
you are a
nonmember.
If you register, you will be charged
$149.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.
Online registration is not available due to server maintenance.
Please call 952-831-2707 between 7:30 a.m. and 4:30 p.m. Central to register.
Instructor
David Peters, CPA, CGMA, CPCU, ChFC, CLU, CFP
Location
Online
Area
of study
Management
Field(s)
of study
Finance - Technical (4.0)
Level
Intermediate
Format
Group Internet Based
Sponsor
NASBA ID#: 108744
Prerequisites
Prereq.
Must be a CFO or on track to become CFO, must understand basic budget processes
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business
days before the event start date.
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