Predictive Accounting – Driver-Based Budgeting and Rolling Financial Forecasts
Total Credits: 2 including 2 Accounting - Technical
- Average Rating:
- 131
- Categories:
- Accounting and Auditing | ACPEN Industry Institute | Industry
- Speaker:
- Gary Cokins, MBA, CPIM
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
Description
Traditional annual budgeting is often viewed as outdated, inflexible, and disconnected from strategy—quickly becoming irrelevant, easily manipulated, and too cumbersome to support real decision-making. This course introduces capacity-sensitive, driver-based budgeting as a modern alternative. By linking financial projections to business drivers, organizations can create agile budgets that adapt to growth, enable rapid scenario planning, and provide meaningful insights for long-term forecasting. Participants will learn how to refresh budgets into rolling forecasts and transform managerial accounting into a tool for strategic, economics-based decision-making.
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 (0.43 MB) | Available after Purchase |
Speaker

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, Jul 02, 2026 - 12:00 PM to 2:00 PM CDT
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Mon, Aug 10, 2026 - 12:00 PM to 2:00 PM CDT
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Thu, Aug 27, 2026 - 9:00 AM to 11:00 AM CDT
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Wed, Sep 16, 2026 - 12:00 PM to 2:00 PM CDT
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Thu, Oct 15, 2026 - 12:00 PM to 2:00 PM CDT
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Thu, Nov 19, 2026 - 12:00 PM to 2:00 PM CST
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Mon, Nov 23, 2026 - 9:00 AM to 11:00 AM CST
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Tue, Dec 01, 2026 - 12:00 PM to 2:00 PM CST
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Wed, Dec 16, 2026 - 11:00 AM to 1:00 PM CST
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Fri, Jan 15, 2027 - 12:00 PM to 2:00 PM CST
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Tue, Feb 09, 2027 - 12:00 PM to 2:00 PM CST
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Fri, Feb 19, 2027 - 9:00 AM to 11:00 AM CST
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Thu, Mar 18, 2027 - 12:00 PM to 2:00 PM CDT
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Thu, Apr 15, 2027 - 12:00 PM to 2:00 PM CDT
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Wed, May 19, 2027 - 12:00 PM to 2:00 PM CDT
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Tue, May 25, 2027 - 9:00 AM to 11:00 AM CDT
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Wed, Jun 16, 2027 - 12:00 PM to 2:00 PM CDT
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Mon, Jun 28, 2027 - 12:00 PM to 2:00 PM CDT
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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 Oct. 2025
Date Added to Catalog 9/30/25
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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