Optimising Your Budgeting Process

Corporate finance & treasury management


Optimising Your Budgeting Process

Speakers: Carolyn Mollen, CPA; Cheryl Olson, CPA, CGMA

  • Format


  • Level


  • Duration

    1 hour

Not-for-profit (NFP) industry experts share best practices for effective budgeting, tips for monitoring your budget throughout the year and common budgeting pitfalls to avoid.

Learning outcomes

  • Identify the key components of an effective budget
  • Determine who is responsible for budget oversight and monitoring
  • Apply strategies for using the budget as a planning tool
  • Determine how to use budgeting forecasts or projections
  • Identify tips and pitfalls related to budgeting

£35.00 (CIMA members only)


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Product information


Learn to transform your budget process into a valuable planning tool. During this audio course, not-for-profit (NFP) industry experts will share best practices for effective budgeting, tips for monitoring your budget throughout the year and common budgeting pitfalls to avoid. You’ll be prepared to overcome obstacles and develop an integrated budget for your organisation or clients.

Topics discussed:

  • Business planning

  • Planning, forecasting and budgeting

  • Non-financial performance metrics

    This is an online, audio course which is also available as part of CGMA Essentials. You will have 12 months from date of purchase to access this course, making it easy to fit around your work and personal commitments.

Who should take this course?

  • Management accountants working for or with not-for-profit entities

Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Field of study: Business management & organisation
Prerequisites:Experience working with not-for-profits
Programme level:Basic
Duration:1 hour
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£35.00 (CIMA members only)


VAT calculated on checkout


  • Carolyn Mollen, CPA

    Carolyn Mollen is the chief financial officer at Independent Sector, the leadership network for nonprofits, foundations, and corporations committed to advancing the common good. She specializes in nonprofit accounting and management issues, with an emphasis on financial reporting, budgeting, and grants management.

    Prior to joining Independent Sector in 2011, Carolyn was a manager with LarsonAllen LLP in their outsourcing department where she gained broad experience with a variety of nonprofit organizations. Carolyn is a member of the American Institute of CPA's Not-for-Profit Advisory Council and of the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee. She is a member of the Board of Directors at the Greater Washington Society of CPAs, where she chairs the Nonprofit Financial Accountability Task Force and previously served as chair of both the Not-for-Profit Section and the Not-for-Profit Symposium. She also received the 2015 GWSCPA Outstanding Member in Business & Industry Award and the 2016 Nonprofit CFO Rising Star Award.

    In her free time, she enjoys sharing her love of theater and practicing yoga with her ten-year-old daughter. Carolyn earned her bachelor of arts at the College of William and Mary, a certificate in accounting from the University of Virginia, and her master of public administration from George Mason University. She is a licensed CPA in the Commonwealth of Virginia.

  • Cheryl Olson, CPA, CGMA


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