September 14, 2018

In-Person

Alabama Society of CPAs
1041 Longfield Ct, Montgomery, Montgomery County, Alabama 36117-8056

8 CPE

Predicting the Future: 21st Century Budgets and Projections

September 14, 2018
In-Person
8 CPE

Predicting the Future: 21st Century Budgets and Projections

  • View Bio

    Instructor

    John
    Levy

    View Bio

    John Levy, MBA, CPA

    Bio
    John F. Levy, MBA, CPA, is the CEO of Board
    Advisory, a consulting firm that assists public companies, or
    companies aspiring to be public, with corporate governance,
    compliance, financial reporting and financial strategies. He has
    nine years’ experience with three large, national public
    accounting firms and has served as CFO of both public and
    private companies. John currently serves on the boards of
    three public companies, serving as vice chairman of one
    company and audit committee chair of another. He graduated
    from the University of Pennsylvania’s Wharton School of
    Business.
We all make predictions in our personal and professional lives. We base our decisions to marry, buy a house, launch a new product or hire staff on expectations about the future. How we can use best practices and current research to improve our ability to predict the future? We will examine current best practices in forecasting to help us prepare better budgets and projections. We will also examine budgeting pitfalls and ways to avoid budget traps. We will discuss the risks that cause actual results to vary from our predictions and discuss methods to deal with both known and unknown risks.

Learning Objectives

To give participants insight into current best practices for developing financial projections

Major Topics

Making Predictions<?xml:namespace prefix="o" />

Why great predictions are not intuitive

How to separate correlation from causation

How to recognize and overcome bias

Who is Thomas Bayes and why he matters

Becoming a Great Predictor

Why the ability to doubt helps

Why it is better to be a fox than a hedgehog

How non-conformists change the world

Learn from the past without hindsight bias

Creating Great Projections and Budgets

Why the many purposes and types of budgets and projections cause distortions

How benchmarking and metrics have changed the budget process

Why Black Swan Risks Matters

·         What is Black Swan risk

·         Why the risk you don’t know can hurt you

·         Protect your company from unknowable risks

CPE Credits Available

8 CPE
8
Accounting & Auditing

Alabama Society of CPAs

1041 Longfield Ct, Montgomery, Montgomery County, Alabama 36117-8056

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Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Business / Corporate

Prerequisites

None

Advanced Preparation

None

Intended Audience

This seminar is for those who prepare, review, evaluate and use budgets and projections.

Provider

Executive Education

This event has ended.