Overview     

Every modern organisation that wants to survive this quick changing environment and thrive must make extensive use of budgeting, planning and forecasting techniques.  

Budgeting and forecasting are core functions of any accounting and finance team. Organisations depend on and expect these functions to be actioned and coordinated by their accounting and finance teams. An accountant equipped with planning, budgeting and forecasting skills will mitigate risks, develop efficient resource allocation tools (budgeting), as well as performance management tools through the analysis of variances.  

Bekithemba Ndebele ACCA, is presenting this free webinar on 30 November 2022 from 10:00 am to 11:00 am where he will focus on the importance to every organisation of planning, budgeting and forecasting and how these three elements are all interlinked.  

Learning objectives  

By attending this webinar you will gain the following competencies: 

• Have an awareness of the importance of planning, budgeting and forecasting. 

• Be capable of sourcing and consolidating useful planning information from within your organisation and externally.  

• Understand and be able to apply useful planning, budgeting and forecasting techniques in your organisation. 

• Have an appreciation of performance management tools that support the accomplishment of your organisation's strategic objectives. 

• Understand the cost of lack of planning to an organisation's financial well-being and existence.   

Content 

The webinar will cover the following topics:  

• Planning 

  • Types of plans. 

  • Characteristics of planning. 

  • Key considerations in the planning process. 

  • The role of finance teams. 

  • Cost of lack of planning. 

• Budgeting. 

  • Relationship between planning and budgeting. 

  • Types of budgets/ budgetary systems 

  • Objectives of the budgetary system. 

  • Behavioural implication of budgeting. 

  • Participation in budgeting. 

  • Criticism of budgeting. 

• Forecasting 

  • Relationship between budgeting and forecasting. 

  • Forecasting techniques. 

  • Forecasting limitations. 

Obtaining your CPD certificate   

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAIBA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

About the presenter  

Bekithemba Ndebele ACCA 

Bekithemba Ndebele is an Associate member of the Association of Chartered Certified Accountants (ACCA). He completed his articles with PNA Chartered Accountants in 2015 after which he worked in the private sector as Group Finance Manager at Shearwater Adventures (Pvt) Ltd until December 2020.  

Bekithemba is currently a managing partner at Zuva Financial Services (Pty) Ltd where he is responsible for tax advisory, assurance, business valuations, accounting, and business mentorship and acceleration. 

Who should attend?   

   The following persons will benefit from attending this webinar:    

• Professional accountants including, CA(SA), BAP(SA), Professional Accountant (SA), FCCA, AGA(SA), BA(SA), and ACCA. 

• Registered auditors, RA. 

• Bookkeepers. 

• Accounting officers. 

• Trainee accountants. 

Price  

This webinar is free. 

Steps to register for the event:   

If you already have a profile, login and register for the webinar.  

If you don’t have a profile, create a free profile then login and register for the webinar.  

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).  

Click here  to find out about the Technical Resource Centre & CPD Subscription options.  

Additional material  

   By attending this webinar you will be provided with:  

• Summarised slide presentation;  

• Detailed course material; 

• Source documents for reference/resource library; and   

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.