Description
In this session we will discuss the basic philosophic approaches to budgeting and how they fit with specific types of institutions, as well as give tips on best practices for creating a plan that gets buy-in throughout the organization.
Background
Budget season is a time dreaded by many financial institutions, as management and staff must spend time and resources creating a budget that is often a source of conflict. Banks struggle with creating a budget that is reasonable while still pushing production staff to stretch their goals. In this session we will discuss the basic philosophic approaches to budgeting and how they fit with specific types of institutions, as well as give tips on best practices for creating a plan that gets buy-in throughout the organization.
Agenda
• Review typical approaches to budgeting, with pros and cons for each
• Discuss the most common pitfalls to the budgeting process
• Examples of best practices for budgeting
• Common tools used for building and reporting the budget
Benefits
Attendees will be able to:
• Evaluate a variety of approaches financial institutions are using to develop budgets
• Find the best fit for management styles and budget techniques
• See examples of best practices for gathering input from throughout the organization
• See examples of reporting results compared to budgets
• Utilize the budget as a valuable goal setting and planning tool
Who Should Attend
• CEOs
• CFOs
• Financial Officers
• Controllers
• Analysts