Understanding and Preventing Budget Calamities WEBCAST
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 how to understand and prevent budget calamities. Most of us lead or participate in the budget process at least annually. Inherent flaws exist in the standard budget building process that you can solve by recognizing them and committing to solutions.
Highlights
Tactical budget issues. Ideas for budget solutions and process solutions.
Prerequisites
None.
Designed For
Current and aspiring CFO’s and controllers involved in the budget process.
Objectives
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.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Bob Mims, Bob Mims-CFO/CPO
Bob Mims, CPA, is a financial consultant and VP Finance for promising enterprises. For 20 years, Robert has worked with numerous startup ventures and nonprofits in the roles of Strategic Planning, Business Modeling, Controller and CFO. His focus is understanding the fundamentals of profitability. Robert worked ten years as a Big Four Senior Assurance Manager, earning National Instructor of the Year on three occasions. Robert has served on FASB Advisory committees and is based in Memphis, TN.
Non-Member Price $109.00
Member Price $79.00