Traditional budgets often consume significant time while delivering limited operational value. This session reframes budgeting as a tactical management tool rather than a once-a-year accounting exercise. Participants will explore how to redesign the budget process to improve communication, accountability, and decision-making across the organization. The session emphasizes output-based metrics, flexible budgeting approaches, benchmarking, and educating non-financial managers so budgets become a tool for managing performance, not just controlling spending.
DESIGNED FOR
Anyonne responsible for preparing or attesting upon financial statements
BENEFITS
- Identify the latest accounting and financial reporting requirements of the expected credit loss model for certain financial instruments
- Recall answers to frequently asked questions related to applying the new requirements to nonpublic entities that aren’t financial institutions
HIGHLIGHTS
- Principles behind the new expectation credit loss model
- Acceptable methods for evaluating expected credit loss for certain financial instruments
- Enhanced disclosure requirements common for nonpublic entities
PREREQUISITES
None
ADVANCE PREPARATION
None