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.
DESIGNED FOR
CFOs & Controllers who are involved in the budgeting process.
BENEFITS
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 ap
HIGHLIGHTS
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
PREREQUISITES
Must be a CFO or on track to become CFO, must understand basic budget processes
ADVANCE PREPARATION
None