Budget Mastery: Walkthroughs and Real World Calculations Towards Tying Budgets To Value

Overview

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 modeling.  From the beginning of the accounting process – ‘the chart of accounts’ to the end of the process – ‘the valuation of the company’, the budgeting cycle via a live case model to learn best practices common to successful companies.   This course stands on its own but is part two of a four part budget mastery series.

Highlights

• How to build a flexible budget model that works?
• What are the steps we can take to budget for economic and external factors beyond our control?
• How the right Chart of Accounts can simply your work?
• Budget and GAAP are not the same and why they are fine not to be
• Efficiently modeling payroll and benefits
• Identifying controllable and uncontrollable expense
• Using key variables to stress-test your budget

Prerequisites

None

Designed For

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