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K2’s Budgeting and Forecasting Tools and Techniques New


Total Credits: 8 including 4 Accounting - Technical, 4 Computer Software & Applications - Non-technical

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Category:
ACPEN INDUSTRY |  Industry |  Accounting and Auditing |  Technology
Faculty:
Thomas G. Stephens Jr., CPA.CITP, CGMA
Course Levels:
Intermediate
Duration:
8 hours
License:
Access for 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

Are your budgeting and forecasting processes working as well for you as they should? Probably not, as many organizations report that budgeting and forecasting activities consume tremendous amounts of time and yield only marginal benefits. In this course, you will learn how to achieve a greater return on your budgeting and forecasting activities by taking advantage of various tools and techniques available in today’s market.

In addition to learning how to utilize Excel more effectively for budgeting and forecasting activities, you will also learn about other tools, such as Budget Maestro, PROPHIX, and Host Analytics, and how reducing your dependency on Excel can lead to better results. Additionally, you will learn how to account for risk and uncertainty in your budgeting and forecasting models and why doing so is a best practice for more meaningful budgets and forecasts. If you are involved in budgeting and forecasting activities, you will not want to miss this opportunity to learn how to reduce the amount of time you spend on these tasks while simultaneously increasing their value.

 

Basic Course Information

Learning Objectives
  • Utilize processes for obtaining budget data and collaborating with others when using Excel including Shared and Merged Workbooks, Excel’s Audit Trail, controlling and validating data input, and collaborating with others
  • Apply various Excel techniques for interacting with the accounting system, such as Office Data Connections, Open Database Connectivity, importing text files, and linking Internet-based data into budgeting and forecasting models
  • Identify situations in which various Excel techniques are appropriately implemented, such as using Data Tables for sensitivity analysis, working with Excel’s Goal Seek feature, using Solver to maximize scarce resources, working with Scenario Manager, forecasting with Regression Analysis, and analyzing risk with Monte Carlo simulations
  • Implement various Excel functions – including NPV, IRR, XNPV, and XIRR – in capital budgeting situations, and identify the various methods by which Excel computes depreciation
  • Compare and contrast Excel with other applications used for budgeting and forecasting activities and describe situations in which other solutions should be used to reduce the dependency on Excel as a budgeting and forecasting solution

Major Subjects
  • Computer Software & Applications
  • Accounting
  • Budgeting & Forecasting

Course Materials

Faculty

Thomas G. Stephens Jr., CPA.CITP, CGMA's Profile

Thomas G. Stephens Jr., CPA.CITP, CGMA Related seminars and products

Shareholder

K2 Enterprises


Tommy Stephens received a Bachelor of Science in Business Administration degree (Major in Accounting) from Auburn University in 1985. In 1992, he earned a Master of Science degree (Major in Finance) from Georgia State University in Atlanta. Presently, Tommy is a Certified Public Accountant, a Certified Information Technology Professional, and a Chartered Global Management Accountant.

During his professional career, Tommy has gained valuable experience in a variety of positions, including:

  • Working as an auditor and technology consultant for an Atlanta-based public accounting firm;
  • Leading an Internal Audit staff and managing a Cost Accounting team for a Fortune 500 company;
  • Serving as a Chief Financial Officer for an international engineering organization; and
  • Founding and managing his public accounting firm that provides accounting, tax, and consulting services to individuals and a variety of small and emerging businesses.

In 1995, Tommy began authoring and presenting continuing professional education courses to accounting and finance professionals. In 2003, he affiliated with K2 Enterprises, and in 2007, he joined the firm as a partner. To date, he has lectured internationally on subjects such as internal controls for small businesses, technology strategies, computer hardware and software applications, tax strategies and compliance, and financial accounting standards and applications. Over the past twenty-five years, Tommy has presented over 2,700 educational sessions to over 70,000 participants throughout the United States and Canada.

Presently, Tommy resides in Woodstock, Georgia, where he enjoys an active personal life with his wife. His hobbies include snow skiing, fishing, running, and other outdoor activities. Tommy maintains professional memberships with the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants. Additionally, he is a past member of the Institute of Internal Auditors.


Dates

Wed, Jul 28, 2021 - 09:30am to 05:08pm CDT
Mon, Aug 02, 2021 - 09:00am to 04:38pm CDT
Sat, Aug 28, 2021 - 09:30am to 05:08pm CDT
Thu, Sep 02, 2021 - 09:00am to 04:38pm CDT
Tue, Sep 28, 2021 - 09:30am to 05:08pm CDT
Sat, Oct 02, 2021 - 09:00am to 04:38pm CDT
Thu, Oct 28, 2021 - 09:30am to 05:08pm CDT
Tue, Nov 02, 2021 - 09:00am to 04:38pm CDT
Tue, Nov 30, 2021 - 09:30am to 05:08pm CST
Thu, Dec 02, 2021 - 09:00am to 04:38pm CST
Tue, Dec 28, 2021 - 09:30am to 05:08pm CST
Tue, Jan 04, 2022 - 09:00am to 04:38pm CST
Fri, Jan 14, 2022 - 09:30am to 05:08pm CST
Tue, Feb 01, 2022 - 09:00am to 04:38pm CST
Fri, Feb 11, 2022 - 09:30am to 05:08pm CST
Tue, Mar 01, 2022 - 09:00am to 04:38pm CST
Fri, Mar 11, 2022 - 09:30am to 05:08pm CST
Tue, Apr 05, 2022 - 09:00am to 04:38pm CDT
Fri, Apr 15, 2022 - 09:30am to 05:08pm CDT
Tue, May 03, 2022 - 09:00am to 04:38pm CDT
Fri, May 20, 2022 - 09:30am to 05:08pm CDT
Tue, Jun 07, 2022 - 09:00am to 04:38pm CDT
Fri, Jun 17, 2022 - 09:30am to 05:08pm CDT

Additional Info

Basic Course Information

Original Recording Date 2021
Date Added to Catalog 6/22/2021
Prerequisites Fundamental knowledge of Microsoft Office Excel 2013 or newer
Advanced Preparation None
Designed For

Business professionals involved in budgeting and forecasting activities

 

 

 

 

 


Course Developer K2 Enterprises
Yellow Book No

Additional Information

Instructional Delivery Method Group Internet Based
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Course Registration Requirements Online Registration

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