Budgeting and Forecasting
Planning financially and keeping the plan useful. Covers the purpose of budgets and their behavioural effects, building operating and capital budgets, forecasting techniques, rolling forecasts and scenario planning, variance analysis and reforecasting, capital investment appraisal, and alternatives such as beyond budgeting.
- Modules
- 7
- Max students
- 20
- Language
- EN
What it usually covers
- 1
Planning, Budgeting and Control: The Big Picture
- From Strategy to Budget: The Planning Hierarchy
- Responsibility Centres and Budget Ownership
- The Budget Calendar and Process Governance
- Reading Budget Reports: The Language of Planning
- 2
Purpose and Construction
- What Budgets Are For
- Building the Budget
- Building the Sales Budget from Drivers
- Production, Materials and Labour Budgets Worked Through
- Building the Cash Budget Month by Month
- 3
Cost Behaviour and Budget Models
- Fixed, Variable, Semi-Variable and Stepped Costs
- Contribution, Break-Even and Margin of Safety in Planning
- Designing a Driver-Based Budget Model
- Testing and Protecting the Budget Model
- 4
Forecasting and Control
- Forecasting Techniques
- Monitoring, Variance and Reforecasting
- Flexed Budgets and Cost Variances Worked Through
- Sales Price, Volume and Mix Variances
- Measuring and Improving Forecast Accuracy
- 5
Capital and Working Capital Planning
- Capital Investment Appraisal
- Working Capital and Funding the Plan
- Discounted Cash Flow Worked Through
- Forecasting the Balance Sheet and the Funding Requirement
- 6
Budgeting in Practice: Cases
- Case: Budgeting a Growing Services Firm
- Case: A Manufacturer Facing a Cost Shock
- Case: Budgeting in a Not-for-Profit Organisation
- Case: Reforecasting After Losing a Major Customer
- 7
Running the Planning Process Well
- Presenting Budgets and Forecasts to Decision-Makers
- Choosing Planning Tools and Systems
- Diagnosing a Failing Budget Process
- Your Planning Toolkit: Review and Next Steps
This page describes what the training usually covers. Each training provider may change the content, the length and the order to suit the group. Confirm the final content with the training provider before you book.
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Budgeting and Forecasting
5 h 48 min
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