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. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation you will be able to...
- State the relationship between sustainable growth, core earnings, and company cash flow
- Recognize how time assessments and customer segmentation can be used to identify cash flow negative clients.
- Identify common behavioral biases which influence how a company spends money
- List behavioral biases that prevent companies from being streamlined
- State techniques that may be used to make cost cutting a part of the company's culture and business strategy
- Identify techniques that may be used to discern whether or not additional headcount is necessary
- Recognize vertical and horizontal financial statement analysis
- List contracting and negotiation techniques
- Recognize the business cycle and how cash flow management changes during each stage
Major Topics
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
