Building Flexible Budgeting Models: Walking Through and Crunching The Numbers
Saturday, June 14, 2025
Webcast or Webinar, Online
11:00AM - 12:49PM (opens at 10:30AM) EST
2Credits
Accounting and Auditing
Registration is Open
Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price
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Course Type: Webcast
Course Code: 25/AC684030
Level: Intermediate
Vendor: ACPEN
Field of Study: Accounting
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.
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
Major Topics:
- 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
Major Topics:
- 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