BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//South Carolina Association of CPAs - ECPv6.15.19//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:South Carolina Association of CPAs
X-ORIGINAL-URL:https://sc.cpa
X-WR-CALDESC:Events for South Carolina Association of CPAs
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:America/Detroit
BEGIN:DAYLIGHT
TZOFFSETFROM:-0500
TZOFFSETTO:-0400
TZNAME:EDT
DTSTART:20250309T070000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:-0400
TZOFFSETTO:-0500
TZNAME:EST
DTSTART:20251102T060000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:-0500
TZOFFSETTO:-0400
TZNAME:EDT
DTSTART:20260308T070000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:-0400
TZOFFSETTO:-0500
TZNAME:EST
DTSTART:20261101T060000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:-0500
TZOFFSETTO:-0400
TZNAME:EDT
DTSTART:20270314T070000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:-0400
TZOFFSETTO:-0500
TZNAME:EST
DTSTART:20271107T060000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=America/Detroit:20260224T100000
DTEND;TZID=America/Detroit:20260224T114000
DTSTAMP:20260408T193513
CREATED:20260128T174218Z
LAST-MODIFIED:20260223T235711Z
UID:10005605-1771927200-1771933200@sc.cpa
SUMMARY:(LIMG10/26) Budgeting From the Bottom Up
DESCRIPTION:Event Description\nMost budgeting processes look at revenue as the starting point. This session examines the budgeting process from the bottom of the profit and loss statement rather than the top. The process begins with the profit desired for the company or a revenue producing department.  Then the overhead the company or department needs to cover for those earnings. Then from the gross profit you can determine the needed revenue.   \nDuring the process net profit per unit of revenue\, overhead cost per unit of revenue\, and other metrics are determined to create a living budget which is reviewed monthly. \nDesigned For\nMost budgeting processes begin at the top of the profit-and-loss statement by forecasting revenue. This session flips the script by starting at the bottom: the profit your organization wants to achieve. From there\, participants learn how to build a “living budget” that incorporates required overhead\, calculates the needed gross profit\, and determines the revenue necessary to reach financial goals. You’ll also walk through metrics such as net profit per revenue unit and overhead per revenue unit\, and see how monthly review transforms this approach into a dynamic tracking tool.\n\nObjectives\nLearning objectives:  \n\nUnderstand the budgeting process starting with profit rather than revenue. \nUnderstand net profit per unit of revenue and overhead cost per unit of revenue. \nUnderstand how to make this budget a living document that can easily track progress towards achieving the desired budget. 
URL:https://sc.cpa/event/limg10-26-budgeting-from-the-bottom-up/
CATEGORIES:Livestream
ORGANIZER;CN="Ruth King":MAILTO:rking@ontheribbon.com
END:VEVENT
END:VCALENDAR