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Planning, Budgeting and Forecasting

September 22 @ 11:00 am - September 24 @ 2:00 pm

Planning, Budgeting and Forecasting

3 Days Virtual Training Workshop

Sept. 22, 23, 24

Workshop Overview & Objectives:

This workshop focuses on the budgeting process in a business and its relation with the planning process. Participants will benefit with practice and real examples to gain the following:

  • Understand the goals and benefits of planning.
  • Be familiar with the different types of planning that a business do.
  • Understand the budget process and the order in which the different budgets are prepared.
  • Be able to make different budgeting calculations.
  • Be familiar with forecasting techniques
  • Do top-level planning and analysis, deals with pro forma financial statements and their use in strategic planning.

Workshop Outlines:

  • Planning process
  • Budget concepts
  • Effects of External Factors on the Budget
  • Characteristics of a Successful Budget 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

Date: 22, 23 ,24 Sep 2020

Time: 11:00 am – 02:00 pm

Total Duration: 12 hours Online Workshop

Platform : Zoom

Details

Start:
September 22 @ 11:00 am
End:
September 24 @ 2:00 pm