Predictive Accounting: Driver-Based Budgeting & Rolling Financial Forecasts
Total Credits: 2 including 2 Accounting - Technical
- Average Rating:
- 95
- Categories:
- Accounting and Auditing | ACPEN Industry Institute | Industry
- Faculty:
- Gary Cokins, MBA, CPIM
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
- License:
- Expires 30 day(s) after program date.
Description
The annual budgeting process is often criticized as an accounting exercise that is obsolete soon after it is published, prone to gamesmanship, cumbersome, not volume sensitive, and disconnected from the organization's strategy and risk management processes. You can resolve these deficiencies using capacity-sensitive driver-based projections. Driver-based budgeting allows for quick scenario planning and far easier analysis of a growing organization whose future may look nothing like today. The driver-based budgets can be periodically refreshed to create rolling financial forecasts extending well beyond the fiscal year end. Learn how managerial accounting can become managerial economics.
Basic Course Information
Learning Objectives- Understand how to create driver-based budgets and rolling financial forecasts
Major Subjects
- The shift to “predictive accounting” for Decision Making, Planning, and Budgeting
- Problems with traditional annual budget processes
- Develop a driver-based “operational budget” based on resource capacity planning
- Classify resource capacities and their expenses as sunk, fixed, step-variable, and variable
- Create closed loop capacity plans
- Forecast demand for budgeting and rolling financial forecasts
- Integrating enterprise risk management (ERM) with management accounting
- Applying target costing for cost estimating
Course Materials
Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase |
Cokins TKI ACPEN Budgeting 2022_Handout (4.8 MB) | Available after Purchase |
Faculty

Gary Cokins, MBA, CPIM Related Seminars and Products
Gary Cokins is an internationally recognized expert, speaker, and author in performance improvement systems and advanced cost management.
Gary received a BS degree with honors (Tau Beta Pi; Alpha Pi Mu) in Industrial Engineering/Operations Research from Cornell University in 1971. He was a two year varsity football letterman. He received his MBA with honors (Beta Gamma Sigma) from Northwestern University’s Kellogg School of Management in 1974.
Gary began his career as a strategic planner with FMC Corporation and subsequently served as Financial Controller and Operations Manager with FMC’s Link-Belt division. In 1981 Gary began his management consulting career first with Deloitte Consulting. Next with KPMG, Gary was trained on activity-based costing (ABC) by Harvard Business School Professors Robert S. Kaplan and Robin Cooper.
With KPMG working with Dr. David Norton, Gary was also involved with initial research that led to the development of the Balanced Scorecard. Prior to joining SAS, Gary headed the National Cost Management Consulting Services for Electronic Data Systems (EDS), now part of HP. In 1996 Gary joined ABC Technologies which was acquired in 2002 by SAS, a leading provider of enterprise performance management and business analytics software, headquartered in Cary, North Carolina. At SAS he was a principal consultant and retired in 2012.
Gary was the lead author of the acclaimed An ABC Manager’s Primer (ISBN 0-86641-220-4), sponsored by the Institute of Management Accountants (IMA). Gary’s second book, Activity Based Cost Management: Making it Work (ISBN 0-7863-0740-4), was judged by the Harvard Business School Press as “read this book first.” A reviewer for Gary’s third book, Activity Based Cost Management: An Executive’s Guide (ISBN 0-471-44328-X) said, Gary has the gift to take the concept that many view as complex and reduce it to its simplest terms.” This book was ranked number one in sales volume of 151 similar books on BarnesandNoble.com. Gary has also written Activity Based Cost Management in Government (ISBN 1-056726-110-8). His five most recent books are Performance Management: Finding the Missing Pieces to Close the Intelligence Gap (ISBN 0-471-57690-5), Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics (ISBN 978-0-470-44998-1), Strategic Business Management: From Planning to Performance (ISBN 978-1-93735-081-9), Budgeting, Planning, and Forecasting in Uncertain Times (ISBN 978-1-94012-531-8), and Predictive Business Analytics (ISBN 978-1-118-17556-9).
Gary has participated and served on committees including: CAM-I, the Supply Chain Council, the International Federation of Accountants (IFAC), the Institute of Management Accountants, the AICPA, and the American Association of Accountants (AAA).
Gary serves on the board of advisers for organizations including an advisory board with Harvard Business School Professor, Robert S. Kaplan, for the International Monetary Fund (IMF).
Dates
Fri, May 02, 2025 - 01:00pm to 02:48pm MST-Arizona
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Wed, May 14, 2025 - 10:00am to 11:48am MST-Arizona
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Thu, May 29, 2025 - 12:00pm to 01:48pm MST-Arizona
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Sat, May 31, 2025 - 11:00am to 12:48pm MST-Arizona
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Tue, Jun 03, 2025 - 04:00pm to 05:48pm MST-Arizona
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Mon, Jun 09, 2025 - 07:00am to 08:48am MST-Arizona
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Fri, Jun 13, 2025 - 10:00am to 11:48am MST-Arizona
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Thu, Jun 26, 2025 - 12:00pm to 01:48pm MST-Arizona
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Fri, Jun 27, 2025 - 09:00am to 10:48am MST-Arizona
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Sat, Jun 28, 2025 - 07:00am to 08:48am MST-Arizona
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Thu, Jul 03, 2025 - 01:00pm to 02:48pm MST-Arizona
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Thu, Jul 31, 2025 - 11:00am to 12:48pm MST-Arizona
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Sat, Aug 09, 2025 - 07:00am to 08:48am MST-Arizona
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Wed, Aug 27, 2025 - 09:00am to 10:48am MST-Arizona
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Thu, Sep 04, 2025 - 01:00pm to 02:48pm MST-Arizona
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Tue, Sep 30, 2025 - 11:00am to 12:48pm MST-Arizona
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Thu, Oct 09, 2025 - 07:00am to 08:48am MST-Arizona
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Mon, Oct 27, 2025 - 09:00am to 10:48am MST-Arizona
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Tue, Nov 04, 2025 - 02:00pm to 03:48pm MST-Arizona
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Mon, Nov 24, 2025 - 12:00pm to 01:48pm MST-Arizona
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Tue, Dec 09, 2025 - 08:00am to 09:48am MST-Arizona
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Sat, Dec 27, 2025 - 10:00am to 11:48am MST-Arizona
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Tue, Jan 06, 2026 - 02:00pm to 03:48pm MST-Arizona
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Fri, Jan 30, 2026 - 12:00pm to 01:48pm MST-Arizona
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Mon, Feb 09, 2026 - 08:00am to 09:48am MST-Arizona
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Fri, Feb 27, 2026 - 10:00am to 11:48am MST-Arizona
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Wed, Mar 04, 2026 - 02:00pm to 03:48pm MST-Arizona
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Mon, Mar 30, 2026 - 11:00am to 12:48pm MST-Arizona
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Thu, Apr 09, 2026 - 07:00am to 08:48am MST-Arizona
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Mon, Apr 27, 2026 - 09:00am to 10:48am MST-Arizona
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Mon, May 04, 2026 - 01:00pm to 02:48pm MST-Arizona
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Sat, May 30, 2026 - 11:00am to 12:48pm MST-Arizona
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Additional Info
Basic Course Information
Prerequisites Some budgeting experience is helpfulAdvanced Preparation None
Course Developer Executive Education, Inc.
Designed For CFOs, Controllers and other corporate financial professionals
Yellow Book No
Original Recording Date 11/10/2022
Date Added to Catalog 10/03/2023
Additional Information
Instructional Delivery Method Group Internet BasedComplaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Course Registration Requirements Online Registration
Promo Video
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