Building Flexible Budgeting Models: Walking Through and Crunching The Numbers

Overview

The budgeting process can be a time consuming and frustrating process for accountants. The constraints and pressures can lead to poor decisions in both the technical and human components. This session will cover:

Building Flexible Budgeting Models: Walking Through and Crunching The Numbers

• We can all learn from others and improve our budgeting process by listening to our colleagues’ wisdom and experience. This session takes a unique review of the fundamental budget issues faced by all and walks through a detailed modeling process intended to generate discussion and best practices to improve your organization’s financial planning.

Highlights

Budget defining,
Budget cultures
Tacticle budget issues
Ideas for budget solutions and process solutions
Understanding people in the budget process
Communicating your budget to non financial types

Prerequisites

None

Designed For

Current and aspiring CFO’s and Controllers and/or Finance related professionals involved in teh budget process

Objectives

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