Budgeting, Forecasting and the Planning Process

Course details

This leading-edge GLOMACS Budgeting, Forecasting and the Planning Process training seminar provides the theoretical basis and necessary skills to develop world class strategic planning, forecasting and budgeting processes. A strategy is a long-term plan of what an organisation is going to do to achieve its overall policy. This training seminar will enable delegates to develop a framework that links strategies to annual budget and targets and aims for world class levels of management and organisational performance.

A budget is a short-term plan of how an organisation quantifies the operational activities required to achieve its long-term strategy. This training course will provide delegates with the skills and forecasting techniques to develop a budget as a plan, and use control budgets and analysis of variances to actual to identify areas in which financial performance may be improved.

This training course will highlight:

• Links between strategic financial planning, forecasting, and budgeting
• Effective Excel and other forecasting techniques to support financial planning and budgeting
• Impacts on financial plans of alternative methods of financing, and business and financial risk
• Traditional and modern costing systems that are used in the budget process
• Best practice in operating budgeting, budgetary control, capital investment budgeting, and cash forecasting and budgeting

This is designed to be suitable for those working in finance and accounting, costing, and treasury departments, and all other financial and non-financial professionals who have budget responsibility or are involved in the planning process like Project Managers, Line Managers, etc.