Better Budgeting: Budgeting Alternatives (3.5 hrs)

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Course Description

Better Budgeting: Budgeting Alternatives Video Course

Budgeting consumes a massive amount of time and resources. It’s a stressful and busy time. Are there ways to improve the effectiveness of the investment we make in the budget process? Can we make better budgeting decisions that lead to higher performance?

There are options within and beyond traditional budgeting. Each company should consider these options and decide which could improve their budgeting process. Budgeting has many benefits that we can continue to capture and build upon.

This course starts by outlining the benefits and challenges of budgeting. Throughout this course, tips and alternative budget systems are provided that can mitigate these challenges and capture more benefits.  A series of budgeting alternatives are explored such as rolling forecasts, zero-based budgeting, activity-based budgeting, and many others. Operating without a budget is also discussed. Each alternative has pros and cons that are listed. Each lesson in this course gives an overview of the budget alternative to help you decide whether you want to pursue that alternative further. Even if you don’t fully adopt these alternatives, you can find ideas to improve your budgeting process. The course concludes by revisiting budgeting process challenges and how the tips and alternatives presented in the course can address or mitigate those challenges.

This course is part of a three-part series called Better Budgeting. The three parts are:

  • The master budget and sub-budgets
  • The budgeting process
  • Budgeting alternatives

You can watch all three parts in the order above or watch any part as a stand-alone course.

The course author has been the CFO, SVP of Finance, or Director of Operations of companies with just a few employees to companies with $3 billion in assets and hundreds of employees. He has led, facilitated, or participated in the budgeting process many times.

Course information

Price: $36

Course No. S013
Format: Online video with final exam
Instructional Delivery Method: QAS Self-Study
Prerequisites: None
Advance Preparation: None
Level: Overview
CPE Credit: 3.5 hrs.
Field of Study: Finance: Technical
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: October 2023


After completing this course, participants should be able to:

  • Identify budgeting benefits and challenges
  • Recall the differences between traditional costing and activity-based costing
  • Recognize the pros and cons of budgeting alternatives

Budgeting Alternatives Topics of Discussion

Benefits of Budgeting
Budgeting Challenges
Rolling Forecasts
Flexible Budgeting
Activity Based Budgeting
Driver Based Budgeting
Zero Based Budgeting
Conditional Budgeting
Value Proposition Budgeting
Operating Without a Budget

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