Join      Renew      Advertise      Directory

How COVID-19 Broke Traditional Budgeting and What You Should Do Instead

  • 05/13/2021
  • 10:00 AM - 11:00 AM
  • Webinar MNCPA


Registration is closed

Too often, organizations become trapped in an operating budget developed for an expected future that never happens. When reality strikes and uncertainty unravels all those hours spent negotiating targets, what's your next step? These challenges were the reality for most organizations in 2020 as COVID-19 broke the budgeting process. And unfortunately, 2021 looks just as uncertain.

Find out how to develop more effective budgeting processes that are more in line with modern-day realities and better able to respond to unexpected shifts. Gain clarity on how current budgeting practices -- which are rooted in 1920s concepts -- are broken for today's business world. Learn from the examples of leading-edge companies that have implemented new, better ways to plan in the 21st century.

Designed for:

CPAs, controllers, treasurers, finance managers and CFOs in business and industry


  • Examine how traditional budgeting practices break down when faced with high uncertainty, such as what happened in 2020 and is facing us again in 2021.
  • Review how companies have overcome the weakness of traditional budgeting to create more effective ways to plan.
  • Learn about steps you should consider taking to dramatically improve your planning process.

Major subjects:

  • What's wrong with traditional budgeting
  • Dealing with uncertainty
  • Becoming future ready
  • Tips for setting more effective targets
  • Dynamic action planning
  • Continuous resource allocation
  • Rolling forecasts
  • Companies that have moved beyond budgeting
  • Tips for developing a winning financial planning and analysis (FP&A) function
Level: Basic

Prerequisites: General knowledge of your existing planning, budgeting and forecasting processes recommended.
Developer: MNCPA
CPE Credits: 1
Area of Study: Technical - Finance

Instructors: Steve Player

Visit Us:

3100 South Columbia Road
Suite 500
Grand Forks, ND 58201

Contact Us: 

 (701) 775-7111
or (877) 637-2727

Connect with us:

Powered by Wild Apricot Membership Software