Predictive Accouting: Driver-Based Budgeting and Rolling Financial Forecasts
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- Identify the shortcomings of traditional budgeting — Understand why annual budgets are outdated, politically biased, and disconnected from strategic goals and operational realities.
- Introduce predictive accounting techniques — Learn how to leverage capacity-sensitive, driver-based models for more accurate, forward-looking financial planning.
- Implement rolling financial forecasts — Shift from static budgeting to dynamic, volume-sensitive forecasts that enable agile decision-making and strategy alignment.
- Enhance decision support with advanced analysis — Use what-if analysis, marginal cost insights, and unit-level consumption rates to drive smarter pricing, outsourcing, and investment decisions.
- Integrate target costing and top-down modeling — Replace bottom-up cost center consolidations with strategic, enterprise-level modeling to align new product development and risk mitigation efforts with financial planning.