The annual budgeting process has been criticized as prone to gamesmanship, disconnected from strategy, not volume sensitive, and obsolete after it is published. The challenge is how to resolve these deficiencies and create a more accurate and reliable budget. In this webinar, Enterprise Performance Management expert, Gary Cokins will walk through the shift from historical reporting to predictive costing including driver-based rolling financial forecasts, what-if analysis, and marginal cost analysis.
- Identify the deficiencies with the traditional annual budget process.
- Recognize how to apply unit-level consumption rates to project operational expenses.
- Discover how to incorporate strategic and risk mitigation projects in expense projections.
- Identify how to apply "predictive accounting" for capacity-sensitive rolling forecasts, what-if analysis, and outsourcing decisions.
- Discover how to shift from bottom-up cost center consolidations to top-down modeling.
Who Should Attend
CPAs, accounting/finance professionals interested in the budgeting process.
Gary Cokins, CEO of "Analytics-Based Performance Management LLC": https://www.garycokins.com is an internationally recognized expert, speaker, and author in advanced cost management and performance improvement systems. He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina. Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA from Northwestern University’s Kellogg School of Management in 1974.
Gary began his career as a strategic planner with FMC’s Link-Belt Division and then served as Financial Controller and Operations Manager. In 1981 Gary began... Read more
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Date & Time
Monday, December 4, 2023
11:00 AM EST (see additional timezones)
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