Advanced Budgeting and Forecasting

Course Profile

Understanding the significance of advanced budgeting and forecasting.

• Key concepts and terminology.
• Link between budgeting, forecasting, and strategic planning.
• Setting the stage for a week of transformative learning.

Advanced Budget Development

• Principles of effective budgeting.
• Creating comprehensive departmental budgets.
• Zero-based budgeting and activity-based budgeting.
• Rolling budgets and continuous budgeting.

Forecasting Techniques and Tools

• Forecasting methods and models.
• Time series analysis and regression analysis.
• Data visualization for forecasting.
• Forecasting software and technology.

Beyond Traditional Budgets

• Flexible budgeting for changing environments.
• Capital budgeting and investment analysis.
• Beyond financial numbers: non-financial metrics in budgeting.
• Budgeting for performance improvement.

Budgeting and Forecasting in Strategic Planning

• Aligning budgeting and forecasting with organizational strategy.
• Scenario planning and sensitivity analysis.
• Communicating and presenting budgets and forecasts effectively.
• Preparing for the future of advanced budgeting and forecasting.