Strategic Management: The Tools to Compete in the Era of Rapid Change, Part 2
Learning objectives

The second part of this two-part course will use formulas and realistic examples to illustrate effective budgeting systems appropriate in today's fast-changing corporate environment while exploring the forecasting process. After completing this session you will be able to:

  • Recognize the purpose, mechanics, benefits, and limitations of various budgeting methodologies:
    • Annual
    • Project Based
    • Activity Based
    • Zero Based
    • Continuous/Rolling
    • Kaizen
    • Flexible
  • Recognize the purpose, characteristics and process used to develop the components of the annual profit plan, including:
    • Operating budgets (sales, production, direct materials, direct labor, overhead, cost of goods manufactured and sold, and selling, general & administrative)
    • Financial budgets (cash budgets, pro forma financial statements, capital budgets)
Instructor Peter Olinto

Instructor bio

Peter “Sugar Bear” Olinto, CFA, JD, CPA (inactive) has a 20+ year history teaching with Becker, but his career didn’t start here! Peter received his Bachelor’s of Business Administration, magna cum laude, from Pace University in 1990. After working in audit at Deloitte & Touche, Pete attended law school at Fordham University School of Law in New York City, and earned his Juris Doctor degree, with dreams of becoming a tax attorney. While in school, Pete ventured into teaching, starting with LSAT and SAT prep and eventually leading into CPA Review.

Pete began instructing for Becker in 1998, where he now teaches review courses for the FAR, REG and BEC sections of the CPA Exam, as well as CPE courses on various financial topics.

At Becker, Pete loves bonding with coworkers and students - legend has it that if you pass the CPA Exam using Becker, Pete is obligated to buy you a cup of coffee! Pete also enjoys reviewing his favorite mnemonics, like EBOCA, and teaching his course of choice, FAR. Outside of Becker, Pete is passionate about teaching CFA review and hassling Tim Gearty.

Pete’s best CPA Exam studying advice? “You can and will do it, so long as you are willing and able to make the sacrifice. Proper preparation requires patience, practice and perseverance.” To current CPAs completing CPE coursework, Pete recommends focusing 100% on your course and avoiding multitasking.

If Pete wasn’t a CPA, he’d be a DJ - but we’re sure glad he’s at Becker!

National Registry of CPE Sponsors

A Becker Professional Education 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. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823

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