CPE Self-Study

New Age Budgeting

Publisher: AICPA
  • $55.00-$75.00
    New Age Budgeting Availability : Online Access Product #: 159840
    CGMA Holder: $55.00
    AICPA Member: $59.00
    Non-Member: $75.00
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Few would argue that traditional budgetary processes are time consuming, creaking at the seams, lacking transparency and insights, and add little value. Yet the majority of organisations still pursue budgetary processes that were developed 90 years ago in an age of much greater stability and certainty. This module explores today's shortcomings, the real needs for the 21st Century and alternate approaches.

Learning Objectives:

  • Identify the shortcomings in traditional budgetary processes and why should we change
  • Describe the real purpose of a budget and what a good budget should seek to achieve
  • Recognize how costs are really driven and the impact on our cost understanding and forecasting
  • Define budgetary alternatives being practiced today - Rolling forecasts / flexible budgets, Zero Based Budgeting, Activity or Driver Based Budgeting and Output Budgeting.

Prerequisites: None


CGMA designation holders qualify for discounted pricing on this product. In order to receive your special pricing, you must be registered and signed in. View the complete list of development products available on CGMA.org.

About the Publisher


About the AICPA
The American Institute of CPAs (AICPA) is the world's largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.