Innovative Forecasting and Budgeting: Moving Beyond the Traditional Techniques (IFB4)
Overview
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Did 2020 show us that planning doesn't work? It might seem that way. But, obviously some organizations survived far better than others due to their ability to handle unexpected change. Forecasting and budgeting are two words that often draw an adverse reaction from many financial professionals; let us help you turn that frown upside down with our innovative approach to planning and budgeting. The pandemic has shown us that our planning process must be far nimbler and allow our organization to shift rapidly. We'll move beyond the traditional techniques and show you easier ways to complete the process while cutting out the political pitfalls that end up causing a lack of accountability and can be demotivating to the staff. During the seminar we will cover such topics as the sales/income plan, capital equipment planning, the "one-year operating plan" (formerly referred to as a budget), the "monthly operating plan," cash planning, risk planning, and much more! Join us for this seminar as we help you streamline your forecasting and budgeting processes, which turns into a win-win for the employees and the organization.Highlights
Building change into the planning process Sales/income plan Intermediate planning Technology plan Capital equipment planning One-year operating plan Monthly planning Cash plan Risk plan
Prerequisites
Experience in financial management of a small or midsize company
Designed For
CFOs, controllers, and finance professionals
Objectives
Develop a one-year operating plan (formerly referred to as a budget) Avoid the political pitfalls that often come with the forecasting and budgeting processes and inhibit change Maximize the usefulness of the forecasts developed for the organization Perform a financial risk analysis Perform an EVA analysis (PV, ROI and Modified ROI) Be familiar with the results of the case studies and exercises that reinforce key learning points throughout the course
Preparation
None
Leader(s):
Leader Bios
Carl Shultz, Surgent McCoy
Carl F. Shultz
Carl Shultz is an MBA, CPA, and CGMA. He has extensive experience serving as a financial executive with Fortune 500 companies and Big Four public accounting firms, consulting for small to large companies and individuals, and leading a range of accounting and financial functions. Carl has played a key role in building new companies and key financial functions to improve net income, install controls, establish audit functions, and manage large complex projects to successful, timely completion on or under budget. Currently, Carl provides financial and tax preparation and planning to individuals and small businesses. He is the Managing Director of CFS Consulting, LTD, which also provides financial, internal control, and administrative consulting services. He is an adjunct professor of accounting at Rider University and Philadelphia University. Carl has lectured at professional seminars and to groups on financial accounting and tax matters. He is also a valued discussion leader for Surgent Professional Education, which offers CPA CPE courses throughout the United States. He has published in such professional journals as Taxation for Accountants, Taxation for Lawyers, and Controller's Quarterly. Carl is a graduate of La Salle University with a degree in accounting and has also earned an MBA degree from Drexel University in finance and accounting. Carl is a decorated veteran of the Vietnam War, where he served as an officer in the U.S. Army.
Non-Member Price $234.00
Member Price $169.00