Better Forecasting & Budgeting

Pricing

Cost for BPP PD Members: £415 + VAT + 6 CPD Hours
(£599 + VAT for non BPP PD Members) Click Here for details of our membership scheme.)

Course level

Developmental

Delegates

Board members, senior managers and accountants with responsibility for budgeting.

Course Content

When the conventional annual budget is replaced by the combination of a more credible budgeting process and a rolling forecast , a responsive and highly-effective management tool can emerge. On this course discover how to:

  • Create a dynamic rolling forecast for both revenue and expenditure
  • Produce a budgeting process that can quickly reflect the output from the rolling forecast
  • Make your budgeting process responsive to plans inspired by changes in strategy and the market; plus competitor moves, advances in technology, efficiency and process improvement ideas
  • Play a pivotal role as a catalyst for change. .

Learning outcomes include obtaining a greater understanding of:

Why do we budget?

  • Information for sources of capital and investor expectations.
  • Planning, control and improvement and financial planning.

Are budgets doing what we need them to do?

  • The importance of diagnosis.
  • The view from industry - recent evidence.

The role of the rolling forecast

  • Why have a rolling forecast and what has to roll?
  • The information needed to make it happen
  • Creating a forecast for revenue and expenditure
  • Using a rolling forecast as a catalyst for change
  • Its partnership with performance measurement systems

What’s left for the budget to do?

  • The need for planning and control
  • Links with strategy and shareholder value
  • Its relationship with the rolling forecast
  • Creating a process, not an event
  • Bringing clarity to accountability
  • The inclusion of risk

Easing the burden and removing distractions

  • Leadership and communication
  • Roles and responsibilities
  • Measurement and behaviour
  • Organisational issues
  • The role played by systems

Key steps in implementation


"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."


Course Dates

Location Dates Time Availability  
Manchester 11 Nov 2020 9:30 AM - 5:00 PM  Spaces Book Now
London 09 Dec 2020 9:30 AM - 5:00 PM  Spaces Book Now

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