Surgent's Budgets, Forecasts, and Forward-Looking Cash Flow Projections in a Post-Pandemic Environment

Description

The COVID-19 pandemic has had many far-reaching implications. In addition to the financial reporting impact of the pandemic, many other business functions, such as budgeting and forecasting are also proving to be challenging in the current environment and will require adjustments to how they were done in the past.

As re-opening guidance continues to be issued, companies will have more visibility into when and how they can resume production and operations. Management and the Finance Team will need to work together to accurately forecast the impacts that the pandemic will have on revenue, margins, and costs in both the short term and long-term. Also, accurate operating and cash flow forecasts are essential for updating critical accounting estimates, including impairment models, contract modifications, and going concern risk assessments. They are also essential to determining the extent of operational disruption, supply chain disruptions, and other impacts of the COVID-19 pandemic, as well as identifying potential liquidity and working capital short-falls and access to existing sources of capital.

In this course, we'll review best practices for budgeting and forecasting in the COVID-19 environment. We'll discuss what techniques can remain the same and which need to change as entities struggle to assess the impact of this crisis.

Date/Time

Tuesday, June 15, 2021
Registration Time: 8:00am
8:00am – 11:30am

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Course Type

On-line Live Vendors

CPE Credit

4.00 hours CPE credit

Field of Study

Accounting

Level of Knowledge

Basic/Intermediate

Designed For

Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters' activities

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Experience in accounting and attestation

Advanced Preparation

None

Highlights

  • Accounting guidance that relies on cash flow forecasting and budgeting
  • Critical uses for accurate budgeting and forecasting in the current economic environment
  • Challenges when forecasting and budgeting in the COVID-19 environment
  • Effective techniques that you can use to accurately forecast operations in a period of change

Objectives

  • Identify challenges when developing budgets and cash flow forecasts in the COVID-19 environment
  • Review relevant accounting guidance that relies on budgeting and cash flow forecasting
  • Recall strategies for developing realistic cash flow forecasts in the COVID-19 environment

Location

N/A (This is a webcast)
Member Fee $139.00
Non-Member Fee $139.00
Your Price $139.00

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