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.



In this course you will learn:

1  Reviews    3.0 of 5.0

Course Goal

  • Understand the Strategy Map concept for Strategy Execution
  • 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
  • Recognize Problems with the Traditional Annual Budget
  • Link Strategy/Risk Management to the Budget and Rolling Financial Forecasts

Audience

  • Consultants
  • Executives and Managers


Lesson Plan

Lesson Description
Introduction
1 Instructor and Course Agenda
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

Prerequisites

Prerequisites

  • Understanding of financial analytics


Instructor

Gary Cokins

4.5 Average Rating

4 Reviews

56 Students

3 Courses

Gary Cokins

Cary, NC, USA

Analytics-Based Performance Management LLC provides advisory services to organizations, consulting firms,software vendors with their challenges to get started, implement,get leverage from enterprisecorporate performance management EPM / CPM methods such as activity-based costing ABC, customer profitabilityvalue analysis, analytics, rolling financial forecasts, strategy maps, balanced scorecards KPIs, dashboards PIs,risk management.



More Courses by Gary Cokins:
Measuring and Managing Customer Profitability

Duration: 1.50 hours
Course ID: IC0593

Analytics-Based Enterprise Performance Management

Duration: 1.50 hours
Course ID: IC0541





Student Feedback

3.0

Average Rating

0%

0%

100%

0%

0%

Reviews

Level: Intermediate
Duration: 1.50
Type:  Instructor-led
Delivery: Online, instructor-led
Release:
Category: SAP Financials

Share this course with a friend



32 SAP students

students enrolled.
Join them!


SAP Student testimonial
Michael Management`s courses are undoubtedly productive as the course contents are very effective and useful.
-Shahriar  K.
Logistics coordinator
Mizan Furniture



Training for 2 or more people?

Unlimited access for your entire SAP team including admin platform and premium reporting.

Sign up for a business account.