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Budgeting and Forecasting

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Before starting this self study program, please go through the instructional document.


  • Why budgeting & forecasting
    5 mins
  • Paper exercise or something useful?
    11 mins
  • Operational & financial budget
    18 mins
  • Budget / Forecast components
    32 mins
  • Revenue budget
    56 mins
  • Capital expenditure budget
    83 mins

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 is done right, it can help you understand and plan,

  • Where to get revenue from?
  • What sort of resources 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 do we prepare a budget from the bottom-up approach for any business. In this 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

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Public Accountant
  • CFO/Controller
  • Chartered Certified Accountant (ACCA)
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Director of Accounting
  • Director of Financial Reporting
  • Directors of Finance
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Finance Director
  • Finance Pros
  • Outsourced CFO
  • Risk Managers
  • Senior Accountant
  • VP Accounts
  • VP Finance
  • Young CPA