Budgeting: Presenting and Communicating your Numbers

Overview

The budgeting process can be a time consuming and frustrating process for accountants.  The constraints and pressures can lead to poor decisions in both the technical and human components.  This session will cover:

Budgeting:  Presenting and Communicating your Numbers

•    Now that the budget is complete, how we communicate our plan is critical.  this session reveals some key guidelines in budget presentation and will identify key problems in how people often communicate financial plans. 

Prerequisites

None

Objectives

• Define the budget process
  • Understand varying budget cultures and choosing the right one for your organization
  • Walk through a 12-step cure for the typical Budgetaholic
  • Use Balanced Scorecard Budgeting
• 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
• Understanding core personality types
  • Learning the type of person you are
  • Managing and coping with the budget team
  • Dealing with A, B and C players
  • Connecting through disconnection
• Identifying the ‘big picture” and your communications role 
  • Communicating so others can understand us
  • Understanding a presentation’s anatomy 
  • Tips and tricks for budget presentation

Highlights

• Budget defining,
• Budget cultures
• Tacticle budget issues
• Ideas for budget solutions and process solutions
• Understanding people in the budget process
• Communicating your budget to non financial types