Budgeting & Forecasting

Budgets and budgeting are words that fill many with fear and dread - long drawn out processes to input to budgets and forecasts without any real understanding why or what they will be used for.

This course is ideal for managers who have gained budgetary responsibility or for anyone who has input or manages a budget.

The Course Covers:

• Why we budget
• The difference between a budget and a forecast
• How to create a powerful Budget
• Common pitfalls to avoid

The course also runs through techniques for preparing and analysing budgets and forecasts, including:

• Activity Based Costing
• Scenarios
• Cash flow forecasting
• Departmental Reporting
• Variance Analysis
• Sensitivity Analysis