Too often, the budgeting process happens in a vacuum, segregated from the firm’s strategic planning efforts. In these circumstances, budgeting can become an unmanageable series of spreadsheets that bring little value to the organization and are not in sync with leadership’s goals and objectives. At the same time, goals and strategic objectives are formulated without a true understanding of budgetary realities.
Our panel of experts will discuss:
- Where CFOs are expected to contribute in the strategic planning process to demonstrate value and leadership to the organization
- How the CFO can be the “voice of reason” in the heated debate during the planning cycle
- Best practices to successfully engage other areas of the business in the planning cycle
- Advice on minimizing major planning pitfalls, including lack of accountability or commitment, sandbagging, etc
- Approach the budgeting and planning process with a clearer understanding of board & CEO expectations
- Effectively manage both their operational and strategic roles and responsibilities including maximizing internal resources to take control of day-to-day operations
- Recognize common pitfalls in the strategy process and how to avoid them
- Effectively communicate the strategic vision and business plan on an ongoing basis
- Adapt the planning cycle to the evolution stage of the company, recognizing value drivers and how they impact the business model and financial plan
- Leverage existing internal resources during the planning process
- Maintain an equitable balance between fiscal responsibility and strategic leadership when “selling” the budget
About our speakers:
Tim Asgrimson, CFO, Kraus-Anderson Companies
Tim is responsible for all aspects of the financial business activities of Kraus Anderson and affiliates, which include real estate, construction, insurance and investment financing. Prior to joining the company in 2007, he served Kraus Anderson for over 20 years as a CPA providing tax and accounting services.
He serves as a Board Member for The Center for Fiscal Excellence and the Groves Foundation providing resources for child learning and development needs in the community. He is a Certified Public Accountant and member of both the AICPA and MN Society of CPA’s. He holds a Bachelor of Arts in Business Administration with an Accounting Specialization from Augsburg University.
Brent Rudser, CFO, Dakota Supply Group
As CFO of a large regional industrial distributor (DSG), Brent Rudser is responsible for all of the company’s financial functions including risk management. His career spans more than 25 years of varied experience in financial management, business leadership and corporate strategy.
Trina Scott, Senior Sales Consultant, Technology & Software, Oracle NetSuite
Seasoned business and NetSuite professional with a diverse range of knowledge and experience.
Passionate about helping companies lay the foundation to scale for future growth, improve cash flow and drive increased profitability.
Skilled at building global relationships with internal and external business partners, customers and vendors to capitalize on resources available to drive business needs and achieve successful results.
Experienced and talented key resource with in-depth knowledge of end-to-end business providing expertise and mentoring for a wide array of functional teams.
Click here to learn more about CFO Leadership Council.
To register for this program, simply complete the form above. Current Premium CFO Leadership Council members may attend this program for free. Virtual and Non-member senior financial executives who are CFOs, Vice Presidents of Finance, Directors of Finance and Controllers (or the like) are welcome to attend this program for $65.
Please note that service providers or any executives who are not senior financial executives (CFOs, Vice Presidents of Finance, Controllers, Directors of Finance, etc.) will not be admitted attendance to this event. The CFO Leadership Council reserves the right to decline any registration.
Instructional method: Group-Internet-Based
Recommended CPE Credits: 1.5 Credits in Finance
Experience Level: Basic
Prerequisites/advance preparation: None
The CFO Leadership Council is registered with the National Association of State Boards-of-Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors (Sponsor ID 109063). State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org
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