Better forecasting and budgeting - one-day course

Member price in Scotland and for Online Live: £335 + VAT
Non-member price in Scotland and for Online Live: £395 + VAT

Member price in England: £566 + VAT
Non-member price in England: £666 + VAT

Please note, due to differences regarding external costs, courses outside of Scotland are priced separately. ICAS members are eligible for a discounted price on all courses running in England.

Timing for Scotland and Online Live: 9.30am-4.30pm
Timing for England: 9.30am-5.00pm

Overview

This one day course teaches budgeting and forecasting methods designed to help organisations to grow.  It explores the limitations with traditional approaches to budgeting and forecasting, why forecasts and budgets must be kept apart, and how rolling forecasts can help to drive growth.

It includes a re-evaluation of the role of the budget and looks at techniques to be used for those faced with changing the way that budgets and forecasts operate.

What you will learn

• What is a budget, what is a forecast, why do we have them, and why do they play such a central role in the management of the organisation?


• The role of forecasting as a driver of growth and how it can reshape what is needed from the budget. You may learn why forecasting needs to be separated from budgeting and why they should have very different aims, the role of the rolling forecast, the importance of information in forecasting, the link between forecasting and performance measurement, how a rolling forecast can reshape what's needed from the budget and why the budget needs to remain but focused on a few specific requirements.


• If an organisation is starting out, what to get right and what to avoid; why revenue budgets matter more than expenditure budgets, and how to approach both and what sort of controls are needed.


• The role of Finance in driving change in budgeting and forecasting practice. This course covers why finance managers need to change what they do if they are to be able to deliver change in budgeting and forecasting. Also, how to show colleagues where the problems and opportunities lie

Who should attend

This course will benefit board members, senior managers and accountants with responsibility for budgeting.

This course is best suited to delegates from commercial enterprises but delegates from the public sector are welcome to attend if they would like to keep up to date with practice and trends within the commercial industry.

Questions?

BPP | Tel: 0330 060 3303 | Email: ldicas@bpp.com