This workshop provides effective budgeting strategies beyond the basics and will enhance the participants' financial management abilities. Participants will engage in interactive exercises and practical case studies to understand how to develop and oversee budgets that present an accurate picture of their company's financial status.
Key concepts to be explored include forecasting, variance analysis, cash flow management, and risk evaluation.
By developing these skills, individuals will be well-prepared to make informed decisions that will lead to the effective allocation of resources. This workshop is designed for those who possess some prior experience in budgeting and wish to progress to the next level.
Applicable for:
- This session is best suited for Managers and Executives responsible for financial planning, budget allocation, and decision-making within organizations. This course can help them gain expertise in advanced budgeting methods to improve financial performance.
- Financial Analysts, or similar role, involved in financial analysis, investment research, or corporate finance roles. For those that require a strong foundation in budgeting principles and techniques to evaluate company performance and make investment recommendations, this course is for you.
Prerequisites - Knowledge, Experience or Courses
Participants should have a solid understanding of basic budgeting concepts, financial statements, and financial analysis. Some experience in budgeting or financial planning roles is recommended.
Learning Objectives
By the end of this course, participants should be able to:
- Align the budgeting process with corporate strategy, ensuring that financial plans and goals support the organization's overall objectives.
- Effectively measure and analyze budget variances, enabling timely identification of performance gaps and the implementation of corrective actions.
- Evaluate investment opportunities and make informed financial decisions with a focus on long-term value creation.
- Integrate risk assessment and risk management into the budgeting process, ensuring that potential risks and uncertainties are considered and mitigated.
- Use advanced cost analysis techniques, including activity-based costing (ABC) and life-cycle costing, to enhance cost management and improve decision-making.
- Present budget information to facilitate understanding, engagement, and support.
Content
The topics in this seminar include:
- Strategic Budgeting Alignment.
- Effective Variance Analysis.
- Informed Investment Decision-Making.
- Risk Integration in Budgeting.
- Advanced Cost Analysis Techniques.
- Engaging Budget Information Presentation.
- Strategies for Accurate Forecasting.
- Cash Flow Management Excellence.
- Optimizing Budget Allocation.
- Mitigating Financial Risks.
Seminar Leader: Chris Wyman
Presented by PD Partner: Pathfinder
What to Expect
- This is a Live Virtual Seminar where class size has been limited to allow for an interactive learning environment.
- This seminar will not be recorded.
- Course materials, links and credentials will be emailed to you two business days before the seminar. Once sent, the email will also be found in your Account Communication tab of the CPA Manitoba Member Portal.
- Live webinars have varying levels of expected interaction, and some may require webcam and microphone capabilities – if you have concerns about the interaction required for this course, please email [email protected]
CPA Manitoba PD Terms and Conditions