Advanced Budgeting and Forecasting

In today’s fast changing world Organisations need to respond rapidly to the challenges and global changes surrounding them. Budgeting and forecasting in an essential part of the success of the organisation. This Advanced Budgeting and Forecasting course gives a review of the basic tools and the skills to build world class norms with your planning, budgeting, performance measurement and reporting system, taking a look at new and best practice techniques, clarify how they supplement the traditional financial planning tools, and presenting new ideas for estimating and reporting performance to enhance shareholder wealth creation or offer some incentive for cash for Stakeholders. It also examines the needs of operational management and considers how budgeting, planning and forecasting can be made more relevant to gain greater “buy in” and transparency. This course provides the essential skills necessary to ensure the successful development of budgeting and forecasting techniques, thereby improving your understanding, development, management and control of budgets within your organization.

Course Objectives:

At the end of this course, delegates will be able to:

Implement advanced planning and control techniques into your budgeting process
Integrate the budgeting process with the development of the company’s long-term strategic vision
Apply management tools to the budgeting process that contribute to strategic goals
Identify key performance indicators for effective and focused decision making
Develop ways to increase profitability and performance through stream lined planning and reporting
Use a decision support structure that provides timely and useful information to decision makers
Create an integrated planning, budgeting and reporting process

Who Should Attend?

Finance
Budgeting and control
Planning and control
Forecasting and control
Management accountants
Business planning
Strategic business unit
Performance management
Sales and marketing
Purchasing
Business development
All professionals responsible for budget preparation and management reporting
All process owners who require a more in-depth understanding of integrated planning and budgeting techniques
Personnel wanting to understand more about financial planning and cost analysis
Departmental managers
Analysts
Controllers
Anyone with direct planning and budgeting responsibility, as well as managers, budget holders, advisors, accountants and business consultants

Delivery Method: Audio-visual aids, case studies, power-point presentations, relevant and thought-provoking exercises, Practical demonstrations and facilitated discussions, Participants will gain both theoretical and practical knowledge of the topics

Venue: U.S.A

Fee:

Duration: 1 week

Course Date: May 29th – June 2nd, 2023