Forecasting Management

Course details

Forecasts and budgets are essential tools for successful business management. Understanding and using these management tools will facilitate effective decision making and strategic planning and ultimately support growth and development.

Participants will:

• Learn the objectives and techniques of forecasting
• Understand the difference between cash flow and profit
• Prepare forecasts using different sources of information
• Understand the factors to consider when performing forecasts
• Learn the Dos and Don’ts of forecasting
• Understand and prepare a cash flow forecast
• Understand the basics of capital expenditure forecasting
• Update forecasts for actual results and evaluate actual results against forecasts
• Learn how to monitor, report and make decisions based on forecasts
• Use forecasting as a performance measurement tool
• Prepare a forecast (comprehensive case study)

Content

• Forecasting objectives
• Forecasting techniques
• Cash flow, profit, assets and liabilities
• The accounting process
• Preparing forecasts
• Cash flow forecasting
• Capital expenditure forecasting
• Monitoring, reporting and decision making
• Forecasting as a performance measure
• Comprehensive case study