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Live Webcast

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

Total Credits: 2 including 2 Accounting - Technical

Average Rating:
Not yet rated
Categories:
Accounting and Auditing |  Personal Development |  Professional Development
Speaker:
Bob Mims, CPA
Course Levels:
Intermediate
Duration:
2 Hours
Product Type:
Live Webcast - Also available: Live Webcast Replay  31
License:
Expires 40 day(s) after program date.
Dates
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Description

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.

Basic Course Information

Learning 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

Major Subjects
  • 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

Course Materials

Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (0.43 MB) Available after Purchase

Speaker

Bob Mims, CPA's Profile

Bob Mims, CPA Related Seminars and Products

Bob Mims, CPA, is an entrepreneur and accounting/management executive based in Memphis, TN. He has served as a financial consultant across various industries in the role of planning, modeling and CFO capacities.  Bob has had the privilege of serving as chair on an AICPA committee and on two FASB advisory committees.  During his ten years with the accounting firm KPMG, he was selected national instructor of the year on three occasions. 
Bob graduated from the University of Mississippi, and enjoys outdoor sports with his wife, 5 children, 2 service dogs, and a 20-pound cat named ‘Squirt’.
 

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Current and aspiring CFO's and Controllers and/or Finance related professionals involved in teh budget process
Original Recording Date 7/28/25
Yellow Book No
Course Developer The Knowledge Institute
Date Added to Catalog 02/05/2025

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


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