Course Description
The course will establish basic budgeting terms and introduce advanced techniques for Chartered Professional Accountants (CPAs) through lectures (presentations), discussions, and group case study analysis. Participants will understand the importance of budgeting, the different types of budgets, the steps, models, and tools, such as artificial intelligence (AI), to create and implement a budget through effective communication while factoring in the corporate value equation. 

Applicable for
CPAs in any sector or level or those at senior levels who want to create or influence effective budgets.

Learning Objectives

• define basic budgeting principles and terms
• explore backward analysis and forward-thinking metrics
• embrace modern communication methods for effective budgeting. Engage in a big-picture, company-wide budget mentality
• utilize budgets to manage performance and meet organizational objectives
• be familiar with the most recent advancements in AI budgeting

Content

•  introduction and budgeting basics
  
  • a short review of basic budgeting terms and principles will get participants into the budgeting mindset
• overall value equation
  
  • how do you take your historical reference and make it into a forward-looking budget that includes the back and front end?
  • The CAGE method will be introduced
• back end
  
  • bottom-up planning and proposal of what will be offered and a budget to produce products from the product and service design team while factoring in future volume, with input from the sales and marketing team
• front end
  
  • engaging the sales and marketing team to plan the budget's revenue streams.
  • product or service delivery, sales, and marketing teams should rationally consider and speak about what’s feasible in the market
• artificial intelligence for budgeting
  • an overview of the advancements in the use of AI for budgeting

Instructor: Jeff Price

What To Expect:

•  This is a Live Virtual Seminar where class size has been limited to allow for an interactive learning environment. 
• This seminar will not be recorded.
• Course materials, links and credentials will be found in PD Connect  two business days before the seminar. 
• Once sent, these emails can also be found in the Communication tab of your CPA Saskatchewan Member Portal.
• Live webinars have varying levels of expected interaction to support a proper learning experience. We encourage participants to have their cameras turned on to enhance their virtual learning experience. This practice promotes a stronger connection with the instructor and fellow participants, and fosters improved communication and collaboration. If you have concerns about the interaction required for this course, please email [email protected].