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Budgeting and Forecasting: The Shift from Traditional to Dynamic
Management Accounting

Budgeting and Forecasting: The Shift from Traditional to Dynamic

As organizations move to agile practices that allow them to continue to compete in an increasingly volatile, uncertain, and complex environment, traditional budgeting and forecasting methods fall short. This webcast explores a more dynamic approach that will empower an organization through difficult times and on to new levels of sustainable results.

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NASBA Field of Study

Business Management and Organization



CPE Credits



Aubrey Joachim


3 months

Product Number


 Business & partner 
Product Details

Enabling success through dynamic approaches to budgeting and forecasting

Traditional budgeting is largely based on standard costing and the assumptions of pre-determined outcomes of revenue streams. This approach results in a pre-allocation of resources based on a fixed and variable cost structure. In an increasingly dynamic and disruptive environment, this method of budgeting no longer works for many organizations.

Traditionally revenue projections are based on historic trends and assumptions that reflect circumstances at a point in time, rather than what is likely to eventuate. Both revenue and cost projections should be based on the fundamental drivers of the business, allowing them to be more reliable through predictive modelling of these drivers.

A shift from traditional processes to a more dynamic methodology requires a mindset change in business leaders and managers. In this, they will recognize that business outcomes are dynamically influenced by external and internal change, rather than pre-determined positions.

Join this webcast to explore a more dynamic approach to budgeting and forecasting that can empower an organization through difficult times and on to new levels of sustainable results.

Who Will Benefit
  • Management accountants
  • Finance professionals
  • FP&A professionals
  • Controllers
  • CFOs
Key Topics
  • Budgeting
  • Forecasting
  • Revenue projection
  • Cost projection
Learning Outcomes
  • Recognize that the organization’s current cost structure is key to projecting future costs in the context of revenue streams
  • Identify how to project revenues based on understanding the business drivers
  • Recognize the mindset shift from fixed & variable costs to mandatory & discretionary costs
  • Indicate the revenue/cost relationship
  • Recognize how the organization’s business model influences its dynamic budgeting approaches
More Details
NASBA Field of Study
Business Management and Organization
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
2 hrs
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Contact us
Aubrey Joachim
Aubrey Joachim FCMA; CGMA; MBA is a Chartered Management Accountant – a Fellow of the Chartered Institute of Management Accountants UK. He has over 30 years of strategic management accounting experience with global conglomerates (Anglo‐Dutch conglomerate Unilever and US Energy giant McDermott International Inc.) in South Asia, the Middle East, South East Asia and UK. In Australia since 1993 he’s been involved in the financial services sector and Sydney Water Corporation in senior finance roles. In 2005 Aubrey set up his own boutique consulting organization – Leading Edge Change, essentially focusing on delivering public and in‐house training and development workshops and seminars in finance, management accounting, strategic management, asset management, beyond budgeting and forecasting, finance transformation and big data and business analytics in over 25 countries across the world. Aubrey also works with professional bodies. He was a trainer for the Australian Institute of Company Directors, and currently delivers professional development courses for CIMA in the UK, Malaysia, Sri Lanka, UAE, Hong Kong, New Zealand and Australia. He is a much in demand presenter for The Institute of Chartered Accountants in Australia & New Zealand and CPA Australia running many of their CPD programs. He also runs programs for conference companies across the world. In 2009/2010, Aubrey became the first non‐British/ Irish global President of the prestigious global management accounting body CIMA – the Chartered Institute of Management Accountants UK in its 90 year history. This global position gave him significant insight into the future of the finance function as well as exposure and public profile. He has been written about and provided opinion pieces that have been published in various countries. Aubrey has an extensive Google profile and has been profiled in many forms of media – press, TV, radio, internet etc in many countries.

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