Dynamic Approaches to Budgeting and Forecasting


CPD hours: 1 Hour

Price: Complimentary

Video Type: Single

Presenter: Bekithemba Ndebele ACCA
Senior Business Advisor
...

Dynamic Approaches to Budgeting and Forecasting

CPD Hours: 1

Price: Complimentary


Back
Title / Topic

Dynamic Approaches to Budgeting and Forecasting


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. 

Related Webinars

...

Grow your Practice: Become a Licenced Business Rescue Practitioner


2 Hours
R450.00

...

Podcasting for Growth: Leveraging Audio Content in Professional Services Marketing 


2 Hours
R450.00

...

How to build trust


1 Hour
R265.00

Need Help ?

Explore Smarty