Predictive Accounting: Driver-Based Budgeting & Rolling Financial Forecasts
Total Credits: 2 including 2 Accounting - Technical
- Average Rating:
- 93
- Categories:
- Accounting and Auditing | ACPEN Industry Institute | Industry
- Faculty:
- Gary Cokins, MBA, CPIM
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
- License:
- Product Setting: 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The annual budgeting process is often criticized as an accounting exercise that is obsolete soon after it is published, prone to gamesmanship, cumbersome, not volume sensitive, and disconnected from the organization's strategy and risk management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
Thu, Apr 03, 2025 - 02:00pm to 03:48pm CDT
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Fri, Apr 18, 2025 - 10:00am to 11:48am CDT
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Fri, May 02, 2025 - 03:00pm to 04:48pm CDT
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Wed, May 14, 2025 - 12:00pm to 01:48pm CDT
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Thu, May 29, 2025 - 02:00pm to 03:48pm CDT
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Sat, May 31, 2025 - 01:00pm to 02:48pm CDT
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Tue, Jun 03, 2025 - 06:00pm to 07:48pm CDT
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Mon, Jun 09, 2025 - 09:00am to 10:48am CDT
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Fri, Jun 13, 2025 - 12:00pm to 01:48pm CDT
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Thu, Jun 26, 2025 - 02:00pm to 03:48pm CDT
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Fri, Jun 27, 2025 - 11:00am to 12:48pm CDT
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Sat, Jun 28, 2025 - 09:00am to 10:48am CDT
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Thu, Jul 03, 2025 - 03:00pm to 04:48pm CDT
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Thu, Jul 31, 2025 - 01:00pm to 02:48pm CDT
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Sat, Aug 09, 2025 - 09:00am to 10:48am CDT
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Wed, Aug 27, 2025 - 11:00am to 12:48pm CDT
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Thu, Sep 04, 2025 - 03:00pm to 04:48pm CDT
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Tue, Sep 30, 2025 - 01:00pm to 02:48pm CDT
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Thu, Oct 09, 2025 - 09:00am to 10:48am CDT
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Mon, Oct 27, 2025 - 11:00am to 12:48pm CDT
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Tue, Nov 04, 2025 - 03:00pm to 04:48pm CST
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Mon, Nov 24, 2025 - 01:00pm to 02:48pm CST
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Tue, Dec 09, 2025 - 09:00am to 10:48am CST
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Sat, Dec 27, 2025 - 11:00am to 12:48pm CST
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Tue, Jan 06, 2026 - 03:00pm to 04:48pm CST
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Fri, Jan 30, 2026 - 01:00pm to 02:48pm CST
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Mon, Feb 09, 2026 - 09:00am to 10:48am CST
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Fri, Feb 27, 2026 - 11:00am to 12:48pm CST
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Wed, Mar 04, 2026 - 03:00pm to 04:48pm CST
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Mon, Mar 30, 2026 - 01:00pm to 02:48pm CDT
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Thu, Apr 09, 2026 - 09:00am to 10:48am CDT
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Mon, Apr 27, 2026 - 11:00am to 12:48pm CDT
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Mon, May 04, 2026 - 03:00pm to 04:48pm CDT
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Sat, May 30, 2026 - 01:00pm to 02:48pm CDT
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Additional Info
Basic Course Information
Prerequisites Some budgeting experience is helpfulCourse 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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