Predictive Accounting – Driver-Based Budgeting and Rolling Financial Forecasts WEBCAST

Overview

Traditional annual budgeting is often viewed as outdated, inflexible, and disconnected from strategy; quickly becoming irrelevant, easily manipulated, and too cumbersome to support real decision-making. This course introduces capacity-sensitive, driver-based budgeting as a modern alternative. By linking financial projections to business drivers, organizations can create agile budgets that adapt to growth, enable rapid scenario planning, and provide meaningful insights for long-term forecasting. Participants will learn how to refresh budgets into rolling forecasts and transform managerial accounting into a tool for strategic, economics-based decision-making.

Highlights

The shift to predictive accounting for decision making, planning, and budgeting. Problems with traditional annual budget processes. Develop a driver-based operational budget based on resource capacity planning. Classify resource capacities and their expenses as sunk, fixed, step-variable, and variable. Create closed loop capacity plans. Forecast demand for budgeting and rolling financial forecasts. Integrating enterprise risk management with management accounting. Applying target costing for cost estimating.

Prerequisites

Some budgeting experience is helpful.

Designed For

CFOs, controllers, and other corporate financial professionals

Objectives

Understand how to create driver-based budgets and rolling financial forecasts.

Preparation

None.

Notice

None.