Surgent's Critical Skills for CFOs and Controllers: Budgeting and Forecasting Strategies for Today’s World (2 hours)

Overview

The budget and the forecast are two common tools used by controllers and CFOs across almost every industry. However, are we really getting the most out of these tools? Or are we merely replicating whatever was done last year? In this course, we will use examples and illustrations to demonstrate various budgeting and forecasting techniques. We will discuss traditional approaches, as well as newer approaches such as flexible budgeting, in an effort to show how companies can gain more value.

Highlights

• Budgets vs. forecasts
• Cyclicality
• Identifying key forecast drivers
• Budgeting variances
• Horizontal analysis
• Flexible budgeting
• Dealing with behavioral biases
• Managing headcount
• Forecasting and budgeting governance

Prerequisites

A basic understanding of budgeting techniques

Designed For

CFOs and controllers who are involved in the budgeting and forecasting process

Objectives

• State the difference between a forecast and a budget
• Identify the difference between top-down and bottom-up budgeting
• Recognize the key elements of a flexible budgeting approach
• Define a key forecast driver
• State when it may be appropriate to make a forecast adjustment

Notice

“Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!