Bottom up budgeting is a type of budgeting that attempts to determine the underlying costs for each individual department or segment of an organisation and then total up each department to create a whole of business budget. This type of budgeting builds data from first principles which considers the drivers behind revenue and expense items. In this webinar, you will pull together a plan in Excel and build each element from the key drivers to generate a working budget.
Key topics:
- An explanation of the methodology of bottom-up budgeting, advantages and disadvantages.
- A look at the assumptions, the model workings and build up of revenue and expenses.
- Consolidate the report so that all like data is aggregated.
- Add flexibility with the model set up so we can display a number of scenarios in the budget.
