Course Description
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, 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, they 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 the Concepts of how do we prepare a budget from the bottom-up approach
for any business. In this Finance Webinar, we will explore practical aspects of budgeting
and forecasting.
Learning Objectives
- To discuss key factors to make revenue budgets
- To recall planning resources for business
- To plan marketing activities for business
- To construct future forecast and business plans
Recommended For
- This CPE course is recommended for CPAs, CMAs, CVAs, CFAs, ABVs and any other professional those are interested in learning the concepts of budgeting and forecasting.
- This CPD course is also good for Canadian CPAs and Finance Professionals.
- This CPE webinar will be useful for CFOs, Financial officers and controllers, Managerial and cost accountants, financial and business analysts, Budget managers, Strategic planners, Marketing and sales managers, Supply chain analysts Risk managers, CIO, and Board of Directors.
Who Should Attend?
- Accountant
- Business Owner
- Certificate in Investment Performance Management
- Certified Management Accountant (CMA)
- Certified Public Accountant (CPA)
- Certified Valuation Analysts
- Chartered Financial Analyst
- Finance Director
- Finance Pros
- Financial Planner
- Young CPA
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