Budgeting and Forecasting – Annual Financial Plan

(3 Days workshop)

• Planning process
• Budgeting concepts
• Effects of External Factors on the Budgeting Process
• Characteristics of a Successful Budgeting Process
• The Use of Cost Standards
• Forecasting Techniques
  • Time series analysis
  • Regression Analysis
  • Learning curve analysis
  • Expected Value and Sensitivity Analysis
• Budget Methodologies
• Annual Profit Plan
  • Master Budget
  • Operational and Financial Budget
  • Comprehensive Budget exercise
• Supporting Schedules
• Types of budgets
• Top-level planning and analysis
  • Percentage of Sales Method
  • Important Ratios