CPE | CPD | PL Credits Course on Budgeting and Forecasting

Welcome to myCPE

Budgeting and Forecasting

Date

May 20, 03:00 PM ET

Manish Gupta

Learning Objectives

To discuss key factors to make revenue budgets.
To recall planning resources for business.
To plan marketing activities for the business.
To construct future forecasts and business plans.

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 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.

Key Topics Covered:

How to make operational & financial budgets and forecast your business
Why budgeting & forecasting
Operational & financial budget
Process of budgeting (suggestive only)
Pre-requirements
Budget/forecast components
Process of budget and forecasting
Revenue budgeting – basis
Estimating grand P&L and setting up budget limits
Cost/expense budget
Capital expenditure budget
Marketing budget

Here are links to your interest: Finance Webinar.

Webinar Qualifies For

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 Finance for Certified Valuation Analyst (CVA)
2 CPD Credit of Finance for Accredited in Business Valuation (ABV)
2 CPE Credit of Budgeting for Chartered Global Management Accountants (CGMA)
2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
2 CPD Credit for Chartered Accountant - ICAEW
2 CE Credit of Cash Flow Forecasting for Certified Treasury Professional (CTP)
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 CPD Credit for Chartered Accountants - Scotland
2 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
2 CPD Credit for Chartered Accountants - Ireland (CAI)
2 CPD Credit for CPA - Ireland
2 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
2 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Manish Gupta

Founder & CEO, VITTPRO

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.

Additional Information

Duration

2 Hours

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

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 through its website: www.NASBARegistry.org.

Ratings and Review

4.2

Excellent

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Average

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David Ciarrocca, CPA (US)

Very good and informative seminar.

Joseph Iwuala, Accountant/Bookkeeper/Tax Professionals, CPA (US)

Very educative.

David Fix, CFE, CPA (US)

very thorough

Matthew Ryan, CPA in Canada

It was very very basic - I feel more of a refresher from qualifying for my designation than new knowledge. Very few, if any, aha moments.

Meghan Ekholt, CPA (US)

This was a bit higher of an overview of the process than what I was looking for. The speaker had a strong accent and at times it was difficult to understand exactly what he was saying. Otherwise, the presentation was very informative, and the presentation slides were useful.