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CPE Self-Study
Budgeting Pitfalls, Part 1
NASBA FIELD OF STUDY
Finance
LEVEL
Basic
CPE CREDITS
Online: 1.0
Explore common budgeting and planning challenges and identify strategies and solutions for generating positive outcomes.

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.

CPE On-Demand
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Supported Operating Systems:

  • Macintosh OS X 10.10 to present
  • Windows 7 to present

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  • Google Chrome
  • Microsoft Internet Explorer
  • Mozilla Firefox

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Product details

Learning Objectives

  • Assess the effectiveness of your firm's planning process
  • Explain the benefits of having a well-structured annual planning process
  • Articulate your organisation's mission, strategies, and limitations--and how they impact the budget
  • List the minimum requirements to have an effective budget system
  • Document the various pitfalls in your processes that should be avoided
  • Identify which of the four methods you currently use to develop your operating budget
  • Explain the differences among a forecast, a projection, and a budget
  • Estimate expenses in your operating budget using the organisation's most common methods
  • Develop appropriate rewards, recognition, and incentives to drive ethical and frugal behaviours
  • Implement budget cuts with surgical skill
  • Add continuous improvement into the budgeting and planning processes
  • Assess the quality of the organisation's variance reporting.
  • Work with the organisation's leaders to build a culture of accountability
  • Start to define the specific responsibilities of each person in the budget process

This two-part course will help you identify and address the many pitfalls that can occur throughout your annual budgeting and planning process. You will explore common budgeting and planning challenges and identify strategies and solutions for generating positive outcomes.

Ratings and reviews
Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

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Price:
$55.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$55.00
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CREDIT INFO
CPE credits
Online
: 1.0
NASBA Field of Study
Finance
Level
Basic
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
CGMA.LBP.EL
GROUP PRICING
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