How to forecast and budget more effectively - one-day course
Member price in Scotland: £272 + VAT
Non-member price in Scotland: £320 + VAT
Please note, the ICAS member discount will be applied after checkout.
Member price in England: £539 + VAT
Non-member price in England: £634 + VAT
Please note, the title of this course in England is 'Better Forecasting & Budgeting'. 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 & Wales
Dates for Scotland
Glasgow, 23 April 2020
Edinburgh, 5 November 2020
Dates for England
London, 10 March 2020
London, 9 June 2020
London, 15 September 2020
London, 17 November 2020
London, 15 December 2020
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.