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Friday, December 3, 2021 Live Webcast

Controllership Skills Update: Budgeting, Forecasting, and Big Data (X1-CON3-2021-01-WEBNR-337-01)

1:00 PM - 3:00 PM EST

Vendor Platform

2.0 CPE Credits in AA


Budgets are the vehicle for allocating resources and measuring the success of selected strategies. An organization’s strategy is the primary driver of costs. To be effective, the budget must be linked to strategy and long-term plans. Numerous organizations have achieved a series of short-term targets (budgets) but failed longer term; demonstrating the lack of this necessary linkage. Forecasting, a critical part of any successful budgeting process, can be flawed by technical errors and/or structure/emotional forces. The establishment of a system to collect, process and analyze Big Data can provide significant insights into the budgeting and forecasting process. This brief program offers specific actions to improve your forecasting and budgeting activities. In addition, more advanced techniques are identified for the participant’s further review. Good budgets effectively allocate resources, provide information for decision-making and an early warning system for unforeseen events. A poor budgeting process provides a false sense of security, inappropriate or inaccurate data and re-enforces the status quo. Updated to include an exercise discussing the potential impact the recent tax regulations may have on your budget, as well as managing/using Big Data and additional industry data sources and analytical tools.


Public, private and non-profit organizations and their members -- CFOs, CEOs, controllers, auditors, and managers.


  • Gain knowledge in all facets of the budgeting process
  • Recognize techniques to improve forecasting
  • Learn how a budget can be a vital tool for overall long-term improvement
  • Identify immediate actions that can result in measurable benefits to an organization
  • Become aware of the management, uses, and potential benefits of Big Data
  • Garner techniques for further research


  • Why Forecasts and Budgets are Frequently Wrong: Behavioral finance; Improper goal setting; Games; Continuing the status quo; Traditional budgeting techniques
  • Incorporating Strategy into Budgets: Improving measurement systems; Common errors; Developing strategies and appropriate measurements; Exercise on the potential impact of the recent changes in the tax regulations
  • Expanding the Budgeting Framework: Quarterly and rolling forecasts; Mission-based budgeting; Zero-based budgeting; Post-completion evaluations; Contingency planning; Identifying improvements
  • Big Data: Definition; Challenges; Goals; Current uses/examples; Sources of information
  • Analytical Tools: Ratio analysis; Benchmarking; Pareto analysis; Trend analysis; Regression; Simulation




Experience and/or exposure to financial management.




Anthony LaRusso

Anthony C. LaRusso, CMA, M.B.A.

AICPA/Professional Development Institute

Tony has over 30 years of experience in industrial and service organizations. Over the course of his career he has held senior-level management, operating, and staff positions, including as president of companies with annual sales of $500 million, consisting of domestic and international facilities. Tony has also held senior-level positions in finance, planning, and business development, as well as being a board member for start-up companies. Prior to retiring, during 2003, he was the president of a major division in an international company. Tony was an Adjunct Professor of Management for 20 years and has written numerous articles on a variety of business topics. He is a member of several professional organizations, has spoken at annual meetings and programs at universities, and served as an officer in trade associations. In 2015, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Tony also has had two books published: Management: Ready Aim Fire (2005) and Practical Financial Decision Making (2011). His biography is included in several publications by Who’s Who. In addition, since retiring from full-time employment, he has lectured in numerous states, including at major corporations; conducted consulting activities; and managed real estate investments for a family company. Tony has developed and written courses and webinars covering topics in finance, accounting, and management; was a reviewer for a new book; and authored an article, How to Avoid Tunnel Vision.


$89.00 - Member

$109.00 - Nonmember

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Note: Online pre-registration will close on December 3 at 12:30 PM.


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