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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

Dates


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Traditional annual budgeting is often viewed as outdated, inflexible, and disconnected from strategy—quickly becoming irrelevant, easily manipulated, and too cumbersome to support real decision-making.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

Speaker

Gary Cokins, MBA, CPIM's Profile

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

Additional Info

Basic Course Information

Prerequisites Some budgeting experience is helpful
Advanced 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 Based
Complaint 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

 

Reviews

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Overall:      4.7

Total Reviews: 131

Comments

Charles S

"Mr. Cokins is a very impressive presenter. He really knows his stuff. "

John R

"Well done by Gary."

Angela H - Palm Beach, Florida

"Great program."

Tasha W - New Orleans, Louisiana

"This was a fantastic CPE - Fantastic - material covered was great. I wish it was a longer program. "

Michael T

"Great analysis!"

Melissa J

"I really enjoyed this webinar. He described many of the budgeting shortcomings I have encountered during my career. I like that he was candid about it. I have a little more ownership in the budgeting process now, and look forward to reevaluating and evolving it. Thank you for your insight!"