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