Budgeting and Forecasting is designed to benefit both operational and departmental managers in an organisation. An important method of financial control is the comparison of planned income and expenditure with the income received and the expenses incurred. This course looks at budgets, what they are, how they are formulated and how they are used within a business. Different approaches to the budget setting process are examined; also the way that different parts of the same organisation look at budgets and its potential for internal conflict unless carefully managed.
Divided into the following key topic
areas, the course includes:
The purpose of budgeting and forecasting, environmental scanning, analysing historical data and assessing the competition. The purpose of different operational budgets – profit and loss and cashflow. Producing simple operational budgets for profit and cash. Updating the forecast, comparing budgeted performance with actual using variance analysis and rolling forecasts and beyond.
To book directly with TUCO visit hereBook Event