CFO & Controller Critical Skills: Budgeting & Forecasting

Overview

The budget and the forecast are two common tools used by controllers and CFOs across almost every industry. However, are we really getting the most out of these tools? Or are we merely replicating whatever was done last year? In this course, we will use examples and illustrations to demonstrate various budgeting and forecasting techniques. We will discuss traditional approaches, as well as newer approaches such as flexible budgeting, in an effort to show how companies can gain more value.

Highlights

The major topics that will be covered in this course include:

• Overview of budgeting tools
• Overview of difference between budgeting and forecasting
• Examples of various budgeting and forecasting techniques

Prerequisites

A basic understanding of budgeting techniques.

Designed For

CFOs & Controllers who are involved in the budgeting and forecasting process.

Objectives

After attending this presentation, you will be able to...

• Distinguish between a forecast and a budget
• Recognize the difference between top-down and bottom-up budgeting
• Recognize the key elements of a flexible budgeting approach
• Utilize key forecast drivers
• Apply judgement when it may be appropriate to make a forecast adjustment 

Preparation

None