Budgeting, Planning & Forecasting

Introduction:

Budgeting and financial forecasting are essential tools for businesses to plan and evaluate their financial performance. Budgeting involves creating a structured plan that outlines expected revenues and expenses, helping management set financial goals for a specific period. On the other hand, financial forecasting provides an estimate of the actual revenues or income a business is likely to achieve in the future, enabling organizations to monitor progress and adjust strategies accordingly.

Objective:

• This training course aims to equip participants with a clear understanding of budgeting and financial forecasting concepts; their differences; and their practical applications. The course will focus on developing skills to create effective budgets; interpret financial forecasts; and integrate these tools to support informed decision-making and strategic planning in business operations.

Who Should Attend:

• Anyone involved in Budgeting & Forecasting

Contents:

• Introduction to Budget Planning and Forecasting
• Direct Cost and Indirect Cost
• Plan vs Actual Variance
• Forecast results with quantitative and qualitative methods
• Forecasting and budgeting techniques with Excel