As organizations move to agile practices that allow them to continue to compete in an increasingly volatile, uncertain, and complex environment, traditional budgeting and forecasting methods fall short. This webcast explores a more dynamic approach that will empower an organization through difficult times and on to new levels of sustainable results.
Format
Webcast
NASBA Field of Study
Business Management and Organization
Level
Basic
CPE Credits
2
Author(s)
Aubrey Joachim
Availability
3 months
Product Number
WC2977648
Traditional budgeting is largely based on standard costing and the assumptions of pre-determined outcomes of revenue streams. This approach results in a pre-allocation of resources based on a fixed and variable cost structure. In an increasingly dynamic and disruptive environment, this method of budgeting no longer works for many organizations.
Traditionally revenue projections are based on historic trends and assumptions that reflect circumstances at a point in time, rather than what is likely to eventuate. Both revenue and cost projections should be based on the fundamental drivers of the business, allowing them to be more reliable through predictive modelling of these drivers.
A shift from traditional processes to a more dynamic methodology requires a mindset change in business leaders and managers. In this, they will recognize that business outcomes are dynamically influenced by external and internal change, rather than pre-determined positions.
Join this webcast to explore a more dynamic approach to budgeting and forecasting that can empower an organization through difficult times and on to new levels of sustainable results.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org
Contact usThe Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.