Learn how to improve communication and create checks and balances as you create plans, budgets, and forecasts. Recognize how the planning process can move from long-range thinking, to medium-term planning, to the annual budget, to the monthly cash-flow forecast. Identify strategies that will instill staff with a shared sense of accountability. Highlights
Defining planning, forecasting, and budgeting
Avoid the political pitfalls that often come with the planning process
Business models
Strategic plans, marketing plans, and technology plans
Financial forecasting and risk analysis
Five-year operating plan and sales/income plan
Intermediate planning and capital equipment planning
One-year operating plan and monthly planning
Cash plan and risk plan
Strategic vs. incremental planning
EVA analysis (PV, ROI, and modified ROI)
Includes case studies and exercises
Registration
PICPA Member: $285 Nonmember: $385
More Information
Course No. 724001Level: Intermediate
Prerequisites:
Experience in financial management of a small or midsize company
Speaker(s)
William Allen
Dr. William H. Allen Jr., MBA, CPA, Ph.D. Dr. William H. Allen Jr. opened
his own accounting firm (Allen & Associates, CPA) in 1984 and he still
manages the firm’s overall day-to-day operations. His particular expertise lies
within the areas of taxation and attest functions, which include auditing,
compilations, reviews, and other services where independence is required. Prior
to starting his own company, Dr. Allen worked for Arthur Andersen, LLP for 12
years in their Chicago, Atlanta, and Los Angeles offices. Dr. Allen holds a B.A.
degree (double major in accounting and economics) from Florida A&M
University. He received his M.B.A. degree (emphasis in accounting and finance)
from Northern Illinois University. He also has a Ph.D. degree in accounting
systems design and implementation from Temple University.