Budget Mastery: Process, Problems, and Solutions WEBCAST

Overview

The budgeting process can be a mundane one for accountants. Let’s be realistic and agree that budgeting does not bring excitement to you and your departmental colleagues. The constraints and pressures can lead to poor decisions in both the technical and human components. This session will cover the big picture of keeping the process fresh, pragmatic and useful. We discuss these keys in an engaging manner by discussing both our flaws and strengths, including how to build on these characteristics towards an enjoyable solutions-based method that should deliver effective results for your organization.

Highlights

Recognize and find solutions to the budget process.

Prerequisites

None.

Designed For

Current and aspiring CFOs. Controllers and finance related professionals involved in the budget process.

Objectives

Understanding and Preventing Budget Calamities Recognize and find solutions to the budget process  Define the budget process Understand varying budget cultures and choosing the right one for your organization Walk through a 12-step cure for the typical Budgetaholic Use Balanced Scorecard Budgeting How to build a model that works How the right Chart of Accounts can simplify your work  Building a volume sensitive model Budgeting to GAAP and for Board understanding Efficiently modeling payroll and benefits Identifying controllable and uncontrollable expenses Using variables to stress test your budget Understanding core personality types Learning the type of person you are Managing and coping with the budget team Dealing with A, B and C players Connecting through disconnection Identifying the ‘big picture“ and your communications role  Communicating so others can understand us Understanding a presentation’s anatomy  Tips and tricks for budget presentation

Preparation

None.

Notice

None.