myCPE
myCPE

All Courses, One Price. Unlimited Access and Many Benefits.

Subscribe $199

April Accelerate Sale 2024 : 67% Savings on Subscription. Offer Ends Soon! April Accelerate Sale 2024 :
67% Savings on Subscription. Offer Ends Soon!
00hrs : 00min : 00sec

View Offer

Budgeting and Forecasting 2 Credits

Budgeting and Forecasting 2 Credits

  • Rating

    4.3
  • Reviewed on

    February, 2024
  • Subject Area

    Finance

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Answer the polling questions
  • Get your certificate

Sep 04, 2024 | 12:30 PM ET

Learning Objective

  • To discuss key factors in making revenue budgets
  • To recall planning resources for business
  • To plan marketing activities for business
  • To construct future forecasts and business plans

Course Overview

Budgeting and forecasting are very important aspects of business planning.

Budgets are the vehicle for allocating resources and measuring the success of selected strategies. An organization’s strategy is the primary driver of costs. To be effective, the budget must be linked to strategy and long-term plans. Numerous organizations have achieved a series of short-term targets (budgets) but failed longer term; demonstrating the lack of this necessary linkage. Forecasting, a critical part of any successful budgeting process, can be flawed by technical errors and/or structure/emotional forces. The establishment of a system to collect, process, and analyze Big Data can provide significant insights into the budgeting and forecasting process.

Good budgets effectively allocate resources and provide information for decision-making and an early warning system for unforeseen events. A poor budgeting process provides a false sense of security, inappropriate or inaccurate data, and re-enforces the status quo.

If budgeting and forecasting are done right, it can help you understand and plan, Where to get revenue from? What sort of resources do you need in business? When do you need to get the resources? What marketing activities you would need?

We have included a practical example from our live class to demonstrate the process of business planning. The business is a start-up business however it will help you understand Concepts of how to prepare a budget from the bottom-up approach for any business. In this Webinar, we will explore practical aspects of budgeting and forecasting.

Key Topics Covered:

  • Why budgeting & forecasting, and how to make operational & financial budgets and forecast your business
  • Operational & financial budget, pre-requirements, and suggestive process of budgeting. 
  • Budget/forecast components and streamlining the process of budget and forecasting
  • Revenue budgeting – basis
  • Estimating grand P&L and setting up budget limits
  • Cost/expense budget, Capital expenditure budget, and Marketing budget

Elevate your valuation expertise with MY-CPE's top-tier CTP CE Courses, tailored specifically for professionals looking to advance in the field of Certified Treasury Professional. At MY-CPE, we pride ourselves on offering courses that not only fulfill your CPE requirements but also enhance your understanding and skills. Our comprehensive selection of CTP CE courses is designed to keep you at the forefront of valuation knowledge, ensuring you remain competitive and proficient in your career.

  • 2 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 2 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
  • 2 CPD Credit of Finance for CPA in Canada
  • 2 CPE Credit of Corporate Finance for Certified Management Accountants (CMA)
  • 2 CPE Credit of Budgeting for Chartered Global Management Accountants (CGMA)
  • 2 CPD Credit of Finance for Accredited in Business Valuation (ABV)
  • 2 CPE Credit of Finance for Certified Valuation Analyst (CVA)
  • 2 CE Credit of Cash Flow Forecasting for Certified Treasury Professional (CTP)
  • 2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 2 CPD Credit for Chartered Accountant - ICAEW
  • 2 CE Credit of General finance principles and financial concepts for Certified FP&A Professional (FP&A)
  • 2 CPE Credit of Finance for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
  • 2 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)
  • 2 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 2 CPD Credit for Chartered Accountants - Scotland
  • 2 CPD Credit for CPA - Ireland

  • 2 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 2 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
  • 2 CPD Credit of Finance for CPA in Canada
  • 2 CPE Credit of Planning, Budgeting, and Forecasting for Certified Management Accountants (CMA)
  • 2 CPE Credit of Budgeting for Chartered Global Management Accountants (CGMA)
  • 2 CPD Credit of Finance for Accredited in Business Valuation (ABV)
  • 2 CPE Credit of Finance for Certified Valuation Analyst (CVA)
  • 2 CE Credit of Cash Flow Forecasting for Certified Treasury Professional (CTP)
  • 2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 2 CPD Credit for Chartered Accountant - ICAEW
  • 2 CPE Credit of Finance for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
  • 2 CE Credit of General finance principles and financial concepts for Certified FP&A Professional (FP&A)
  • 2 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)
  • 2 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 2 CPD Credit for Chartered Accountants - Scotland
  • 2 CPD Credit for CPA - Ireland

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

About Instructor

Energetic, ambitious and Result-oriented professional, offering +15 years of extensive experience in Management, operations, Finance, Audit, Risk management, marketing and Customer experience.

Manish has hands-on experience in Monthly Reporting and Pnl Analysis, Budgeting and strategic planning.

Passionate for learning and development, thinking in innovative and non-traditional ways, Manish is your business partner for growth.

Manish is experienced with leading projects for change. He has led ERP implementation for 16 hotels in Htoo Group.

Manish is focused, display positive attitude and Topline growth approach towards business problems. He believes in efficiencies and lean management.

He is also on his Entrepreneurial journey and founded https://ehotelmanagementschool.com for sharing knowledge and experience via online classes and sessions. Startup also help small hotels and other startups with finance and management consulting.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

4.3

Excellent

Very Good

Average

Poor

Terrible

VK

Vinod Kantharia, CMA

Thank you for clear presentation on various components of Budgeting and Forecasting. I can now use this to educate the functional leaders of other departments in setting up next year's Budget.

RK

Rohit Kumar, Others

In this Budgeting & Forecasting, you will get knowledge about basis of Budgeting relevant aspect like Environmental, Annually basis and Forecasting related aspect.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive
mobile app for
our unlimited access
subscribers

12 mins ago. Subscribed
James purchased a subscription.
14 mins ago. Subscribed
Christian purchased a subscription.
9 mins ago. Subscribed
Gunshyam purchased a subscription.
14 mins ago. Subscribed
Craig purchased a subscription.
9 mins ago. Subscribed
Anne purchased a subscription.
10 mins ago. Subscribed
Jim purchased a subscription.
11 mins ago. Subscribed
Paul purchased a subscription.
4 mins ago. Subscribed
Rachel purchased a subscription.
11 mins ago. Subscribed
Ken Wagner purchased a subscription.
11 mins ago. Subscribed
Rebecca purchased a subscription.
12 mins ago. Subscribed
Pamela purchased a subscription.
3 mins ago. Subscribed
Shirley purchased a subscription.
10 mins ago. Subscribed
Christopher purchased a subscription.
7 mins ago. Subscribed
Armond purchased a subscription.
5 mins ago. Subscribed
Bryan purchased a subscription.
13 mins ago. Subscribed
Cheryl purchased a subscription.
6 mins ago. Subscribed
Russell purchased a subscription.
12 mins ago. Subscribed
Caroline purchased a subscription.
6 mins ago. Subscribed
Ahmed purchased a subscription.
5 mins ago. Subscribed
Karan C Pohl purchased a subscription.
12 mins ago. Subscribed
Marc purchased a subscription.
15 mins ago. Subscribed
John purchased a subscription.
15 mins ago. Subscribed
Matthew purchased a subscription.
5 mins ago. Subscribed
Andrew purchased a subscription.
13 mins ago. Subscribed
Loan purchased a subscription.
10 mins ago. Subscribed
Chuck purchased a subscription.
4 mins ago. Subscribed
Scott purchased a subscription.
12 mins ago. Subscribed
JAMES purchased a subscription.
4 mins ago. Subscribed
Augustus purchased a subscription.
9 mins ago. Subscribed
Andy purchased a subscription.
5 mins ago. Subscribed
Leann purchased a subscription.
10 mins ago. Subscribed
Rube purchased a subscription.
9 mins ago. Subscribed
EDUARDO purchased a subscription.
5 mins ago. Subscribed
Ayush purchased a subscription.
12 mins ago. Subscribed
Kyle purchased a subscription.
2 mins ago. Subscribed
Clemente purchased a subscription.
2 mins ago. Subscribed
Frederick purchased a subscription.
4 mins ago. Subscribed
Janet purchased a subscription.
3 mins ago. Subscribed
NIKE purchased a subscription.
9 mins ago. Subscribed
Naman purchased a subscription.
13 mins ago. Subscribed
Ayanna purchased a subscription.
12 mins ago. Subscribed
LaCresha purchased a subscription.
3 mins ago. Subscribed
steve purchased a subscription.
2 mins ago. Subscribed
Lisa purchased a subscription.
12 mins ago. Subscribed
Sonu purchased a subscription.
10 mins ago. Subscribed
Iris purchased a subscription.
3 mins ago. Subscribed
Ketan purchased a subscription.
10 mins ago. Subscribed
Viney purchased a subscription.
7 mins ago. Subscribed
Jason purchased a subscription.
2 mins ago. Subscribed
Robert purchased a subscription.
10 mins ago. Subscribed
William purchased a subscription.
9 mins ago. Subscribed
Tami purchased a subscription.
6 mins ago. Subscribed
Annette purchased a subscription.
6 mins ago. Subscribed
RONALD purchased a subscription.
2 mins ago. Subscribed
YUE purchased a subscription.
12 mins ago. Subscribed
Daniel purchased a subscription.
2 mins ago. Subscribed
Frank purchased a subscription.
2 mins ago. Subscribed
Janvi purchased a subscription.
12 mins ago. Subscribed
Mingze purchased a subscription.
5 mins ago. Subscribed
S purchased a subscription.
7 mins ago. Subscribed
Aidenith purchased a subscription.
12 mins ago. Subscribed
Rebekeh purchased a subscription.
4 mins ago. Subscribed
Jennifer purchased a subscription.
5 mins ago. Subscribed
Artemio purchased a subscription.
12 mins ago. Subscribed
sabrina purchased a subscription.
8 mins ago. Subscribed
Charles purchased a subscription.
2 mins ago. Subscribed
Holly purchased a subscription.
11 mins ago. Subscribed
Connie purchased a subscription.
13 mins ago. Subscribed
Amelia purchased a subscription.
5 mins ago. Subscribed
Paul purchased a subscription.
8 mins ago. Subscribed
Debra purchased a subscription.
3 mins ago. Subscribed
Samantha purchased a subscription.
7 mins ago. Subscribed
Rhonda purchased a subscription.
6 mins ago. Subscribed
Ashley purchased a subscription.
5 mins ago. Subscribed
Mason purchased a subscription.
9 mins ago. Subscribed
Ashton purchased a subscription.
3 mins ago. Subscribed
Dindy purchased a subscription.
11 mins ago. Subscribed
Heidi purchased a subscription.
9 mins ago. Subscribed
Nathaniel purchased a subscription.
9 mins ago. Subscribed
Kateryna purchased a subscription.
11 mins ago. Subscribed
Diane purchased a subscription.
11 mins ago. Subscribed
Dwayne purchased a subscription.
13 mins ago. Subscribed
Nathan purchased a subscription.
11 mins ago. Subscribed
Shayna purchased a subscription.
4 mins ago. Subscribed
Cynthia purchased a subscription.
11 mins ago. Subscribed
Philip J. Whitman purchased a subscription.
11 mins ago. Subscribed
Larkin purchased a subscription.
10 mins ago. Subscribed
jerry purchased a subscription.
14 mins ago. Subscribed
Breann purchased a subscription.
10 mins ago. Subscribed
Qiaoqing purchased a subscription.
2 mins ago. Subscribed
Isabella purchased a subscription.
8 mins ago. Subscribed
Bob purchased a subscription.
2 mins ago. Subscribed
harsh purchased a subscription.
15 mins ago. Subscribed
richard purchased a subscription.
9 mins ago. Subscribed
Lisette purchased a subscription.
9 mins ago. Subscribed
Vance purchased a subscription.
4 mins ago. Subscribed
William purchased a subscription.
12 mins ago. Subscribed
JASON purchased a subscription.
14 mins ago. Subscribed
Sean purchased a subscription.
8 mins ago. Subscribed
Scott purchased a subscription.