How To Make Budgets And Forecasting Best Practices During Uncertainty

What you will learn

• Course curriculum and what we will cover

• Why we do budgeting

• Paper exercise or we can use budgeting to be useful

• Two key budgets and what they contain

• Suggestive process of budgeting

• Pre-requirements of budgeting

• Three key components of budgets

• Practical process of budgeting & forecasting

• Basis of revenue budgeting

• Revenue budget - Information needed and suggested mythology

• Revenue budget - practical example

• Estimating the overall impact of revenue and setting up limits

• Labor cost budgeting

• Other expenses budgeting process

• Cost and expenses budget - Information need and suggested methodology

• Capital expenditure budgeting

• Qualitative aspects of budgeting

• Marketing budget

• Introduction to course budgeting & forecasting during uncertainty

• Causes of uncertainty in budgeting process

• Change the purpose of budgeting

• Budgeting for strategic success

• Keys aspects of strategic budgeting

• How often and how far we should do the forecasting and budgeting

• 5 principles of business planning during uncertainty

• Alternatives to traditional annual budgeting exercise