Budgeting Skills in Planning, Forecasting, What-If Analysis & Reporting

Short Description: A good plan should begin with a good forecast, which in turn, may lead to a good budget. A strategy is the longterm plan of what the company is going to do to achieve its policy. The budget is the short-term plan of how strategies may be achieved. It is a quantification of the activities the company must develop to achieve its shortterm plans. This leading-edge course explains: • The planning and budgeting process from beginning to end • Budget development • How alternative decisions affect the ‘bottom line’ in terms of both profit and cash flow • Comparison of variances in actual performance against the plan and what these budget variances are saying and how they should be used to control financial performance • The use of Excel® as the toolbox of choice for financial model development, used within this course to develop forecasts, and long- and short-term plans.