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Wednesday, August 14, 2024 Live Webcast

CFO - 360-Degree Budgeting (E2408033)

8:30 AM - 4:30 PM EDT

Registration: 8:30 AM EDT



8 CPE Credits in AA


This course focuses on improving the entire budget process including preventing budgeting missteps, creating budget models and dealing with people issues.


People who are, or aspire to be, CFOs in midsize organizations, as well as business leaders, CEOs, CFOs, accountants, corporate financial managers, business owners, risk managers, controllers, entrepreneurs, consultants and the professionals who advise them


Develop an understanding of the following areas:
  • Complex issues involved in the annual budgeting process and best practices for improvements with a solutions-based approach
  • Advantages and value of a flexible budget model
  • People issues that complicate every budget process
  • Effectively communicating



Understanding and Preventing Common Budget Calamities
The traditional budgeting process can produce stale results and fatigue amongst both accounting and cross-departmental leadership. Learn the keys to successful budgets and how to balance the important technical and human components of the process. We will discuss these keys in an engaging manner with thoughtfulness towards understanding our flaws and strengths, including how to build on these characteristics towards an enjoyable solutions-based method and effective results for your organization. Topics will include:
  • What are the flaws in the budgeting process?
  • Does your budget need an overhaul or just a tune up?
  • What are the steps to budget for economic and external factors beyond our control?
  • How to understand your own leadership tendencies and apply them to your strengths
  • How to make the budget flexible
  • How to apply traits of the balanced scorecard approach to your budgeting
  • Common budgetary problems and discussion of solutions
  • 12 steps towards a better budget and maybe even a better you
Building Flexible Budget Models
View fundamental budget issues through a detailed modeling process intended to improve your organization’s financial planning. From the beginning of the accounting process – ‘the chart of accounts’ - to the end of the process – ‘the valuation of the company’ - we'll review the budgeting cycle via a live case model and discuss best practices of successful companies. Topics will include:
  • Build a flexible budget model that works
  • The right chart of accounts can simplify your work
  • Build a volume-sensitive model
  • Budgeting to GAAP and for the board to understand
  • Efficient modeling of payroll and benefits
  • Identify controllable and uncontrollable expenses
  • Key variables to stress-test your budget
Managing Budgeting’s Soft Side: Avoiding People Iissues
Understanding what makes you and others operate can enhance your understanding of the entire organization and build upon the respect and influence needed to navigate and lead the budgeting cycle. Review a case study that measures an individual’s personality type and then explore how to use strengths and weaknesses to create a better budget process. Topics will include:
  • Understanding core personality types
  • Learning what type of person you are
  • Managing and coping with the budget team
  • Effectively dealing with the A, B, C and other players
  • Connecting through disconnection
Presenting and Communicating Your Numbers
There are several key guidelines in successful budget presentations and we will identify key problems in how people often communicate financial plans. Topics will include:
  • Identifying the ‘big picture’ and your role in communication
  • Communicating so others can understand us
  • Understanding a presentation’s anatomy
  • Tips and tricks for budget presentations






Bring a laptop.


Robert Mims

Robert Mims, CPA

Bob Mims, CPA, is currently serving as a CFO and Chief People Officer for a startup venture. A three-time national instructor of the year for KPMG, Bob has also authored multiple courses for Fortune 500 brands in leadership, strategy, and accounting. He served terms on two advisory councils for FASB and currently chairs the Environmental Roundtable. Bob lives in Memphis, TN with his wife and large family with multiple pets.


$299.00 - Member

$449.00 - Nonmember

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Note: Online pre-registration will close on August 14 at 8:00 AM.


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