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Building a Better Budget in a Time of Uncertainty

ID: 60592
Thursday June 27, 2024 11:00AM - 3:00PM
Topics: Financial Accounting, Reporting + Analysis

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.

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
Who will benefit: CFOs & Controllers who are involved in the budgeting process.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.