Course ID: DBB

Predictive Accounting: Driver-Based Based Budgeting and Rolling Financial Forecasts

The annual budgeting process is being criticized as obsolete soon after it is published, prone to gamesmanship, cumbersome to consolidate cost center spreadsheets, not being volume sensitive, and disconnected from the strategy. This course describes how to resolve these deficiencies through driver based expense projections also useful for decision analysis.

Learning Objectives
  • Recognize the deficiencies with the traditional annual budget
  • Apply unit-level consumption rates with forecasts to project operational expenses
  • Upon completion of this course participants will be able to:
  • Define how to include strategic and risk mitigation projects in expense projections
  • Apply “predictive accounting” for driver- rolling financial forecasts, what-if analysis, and outsourcing decisions
  • Define how to shift from bottom-up cost center consolidations to top down modeling.

Major Topics

• Problems with traditional annual budgeting
• Projecting demand volume-based operational expenses
• Strategic initiatives for strategy execution
• Risk mitigation spending for risk management
• Capital spending plans
• Shifting to frequent interval rolling financial forecasts
• Applying probabilistic forecasts, including for what-if scenario analysis

Who Should Attend

• Chief financial officers (CFOs)
• Controllers
• Management accountants
• Budget managers
• Strategic planners
• Marketing managers
• Sales management
• Business analytics specialists

Fields of Study


Prior learning or experience in management accounting

Business Learning Institute

CPE Credits


This course is available for your group as:


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