Driver-based Planning, Forecasting and Budgeting
IC0599

Driver-based Planning, Forecasting and Budgeting

Do you want to champion balanced scorecards with KPIs, driver-based budgeting and rolling financial forecasts at your company? In this third course from Gary Cokins, learn how performance-based budgeting involves the shift from historical reporting to predictive costing with capacity-sensitive driver-based rolling financial forecasts.

5  Reviews   4.6 of 5.0

Course Goal

  • Recognize Problems with the Traditional Annual Budget
  • Recognize the Purpose of a Strategy Map with a Balanced Scorecard and KPIs
  • Review basic concepts of Managerial Accounting Needed for Predictive Costing
  • Calculate Costs from Expenses Based on the Causality Principle
  • Link Strategy/Risk Management to the Budget and Rolling Financial Forecasts
  • Understand the Strategy Map concept for Strategy Execution

Audience

  • Consultants
  • Executives and Managers

Exam/Certificate


Lesson Plan

#Description
Introduction
1 Instructor and Course Agenda Preview
Understanding EPM
2 What is Enterprise Performance Management?
Strategy Maps and the Balanced Scorecard
3 Understanding the Strategy Map Architecture
4 Cascading KPIs and Dynamic Strategies
Review of Managerial Accounting
5 The Taxonomy of Accounting
6 Activity-based Costing & Cost Assignment Network
Why is the Annual Budgeting Process Broken?
7 Looking at Spreadsheet Budgeting
Rolling Financial Forecasts
8 Looking at Performance Based Budgeting
Resource Capacity Planning
9 Resource Capacity Planning and Costing
The ROI of Information
10 The ROI of Information / Course Summary
PDF of Course Content
11 Handout

Instructor

Gary Cokins

4.8 Average Rating

12 Reviews

80 Students

3 Courses

Gary Cokins

President

I am the founder of Analytics-Based Performance Management LLC. It provides advisory services to organizations, consulting firms, and software vendors with their challenges with how to get started, implement, and get leverage from enterprise corporate performance management (EPM / CPM) methods. These include activity-based costing (ABC), customer profitability value analysis, analytics, driver-based budgeting and rolling financial forecasts, strategy maps, balanced scorecard KPIs, dashboards PIs, and enterprise risk management (ERM).

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Student Feedback

4.6

Average Rating

Reviews

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SAP Training for Businesses

Language: English
Level: Intermediate
Duration: 1.5 hours
Type:  Instructor-led
Release:
Category: SAP Financials

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