A practical guide to budgeting and forecasting - Bundle

Description

This highly-interactive course will teach you to further understand each step in the budgeting process. This course begins with identifying the organisation's direction and strategy, creating different types of budgets and making appropriate estimates and forecasts. The course also covers budget approval, implementation as well as disciplined review and actions based on the results.

Key topics:

• Planning and strategy
• Classification and documentation
• Estimation and forecasts
• Communication and implementation
• Review and action

This course consists of one online course and one online assessment.

Learning objectives

• Assessing your current position
• Planning and strategising
• Classifying and creating your documentation
• Estimating and forecasting
• Communicating and implementing your plan
• Analyse your organisation’s budgeting processes and identify opportunities for implementation and improvements

Audience

Description

This recorded webinar will show you practical approaches to designing scalable, flexible and reusable forecasting models.    

Using a practical exercise, you will create a complete forecasting model in Excel using the templates provided. This webinar will help you develop and enhance the technology skills that are important for financial professionals. 

As part of this webinar you will  receive:

• Downloadable worksheets with practical tasks to embed the knowledge 
• A learning manual with step by step instructions 

This recorded webinar is delivered by Excel expert and trainer, Marcus Small. Click here for Marcus' biography.

Course updated: 2020

Learning objectives

• Build assumptions to generate what if scenarios  
• Generate a predictive P&L template in a format which can be easily consolidated  
• Build an interactive forecast model to allow for what if analysis during budget presentation meetings 

Audience

Professionals working in SME or Corporate entities in specialist or analyst roles, and mid-level career roles working in job functions such as external reporting, financial control and management accounting.

Description

This course is designed to enhance your knowledge of organisation structures, as well as improve your budgeting and forecasting skills for core business operations. You will be provided with ideas for improving the effectiveness of your organisation’s budgeting and forecasting. 

The role of budgeting is addressed, along with the most common criticisms of budgeting and alternative suggestions for the allocation of resource inputs and for determining output expectations are provided.

This course also aims to provide you with conceptual and technical skills to develop better and more informed estimates and forecasts for operational activities and the financial consequences of organisation performance. Being aware of the different tools available for forecasting is a useful foundation for performing more robust analysis, review and forecasting in your organisation.

Key topics:

• The business/budgeting framework
• The macro-economic environment
• Is budgeting relevant?
• Forecasting, Time series forecasting
• Regression analysis - Causal forecasting, Goal seeking and solver
• Forecasting - a strategic view

This course consists of one hard copy learning manual and one online assessment.

Want to know more? Click below to view a sample of the learning manual:

Learning objectives

• Assess the purpose of budgeting and its relationship to forecasting
• Evaluate current budgeting practice, its usefulness and its criticisms
• Discuss the role and benefits of a forecasting system
• Apply time series and causal (regression) based forecasting techniques to develop forecasts of core business operations
• Demonstrate scenario analysis using Goal Seek and Solver functions
• Develop strategic forecasting models using a top-down approach

Audience

This course is designed for people working in corporate entities, small to medium enterprises and not-for-profits, in areas such as management accounting, financial management and financial control. 

Description

Learning objectives

Audience