Forecasting the Realistic Budget (FM)

Budgeting can be a challenge in good times, let alone when economic times create new obstacles. But imagine how a well thought-out process and a well-constructed budget can help set the tone for a roadmap to the future. Learn methods to achieve a balanced approach to revenue assessment, expense management, cash flow and modeling budget assumptions. An Excel® template will be used to show how modeling different "what if" scenarios can help create a workable and realistic budget.

Learning Objectives:

  • Discuss the budget planning cycle and methods to incorporate firm or departmental objectives into the budget 
  • Define types of budgets and uses for each 
  • Identify methods to develop the revenue and expense components of a budget 
  • Demonstrate the value "what if" scenarios play in the development and analysis of the budget

Richard J. Nigon, CLM, is the CFO of Robins, Kaplan, Miller & Ciresi L.L.P. in Minneapolis. He has more than 25 years of law firm finance experience and is a frequent presenter at ALA conferences and chapter meetings. A former ALA President, Nigon is the 2009 recipient of the prestigious "The Spirit of ALA" award. Nigon was admitted in 2012 as a Fellow in the College of Law Practice Management.

For Live Program Only:  (Note that only the CLM credit available for this webinar is stated below. If a credit is not stated, it is not available for this program.)

CLM℠ App Credit (Functional Specialists): 1 hour of credit in the subject area of Financial Management (FM) towards the additional hours required of some Functional Specialists to fulfill the CLM application.

---or ---

CLM Recertification Credit: 1 hour of credit in the subject area of Financial Management (FM).

"The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit."
Seminar Information
Date Presented:
September 18, 2013 2:00 PM Eastern
1 hour
Forecasting the Realistic Budget (FM)
Individual topic purchase: Selected
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CD-ROM (Win)
ALA Member Price:$129.00
Non-Member Price:$179.00
ALA Member Price:$129.00
Non-Member Price:$179.00