Finance Leader of Tomorrow Series: 4. Dynamic Planning, Forecasting and Budgetary

Summary

The present levels of uncertainty and business turbulence have become the new normal. This course considers more rigorous and flexible planning frameworks, advanced forecasting techniques to reduce forecast error and alternatives to the rigid and time consuming traditional budget process. It also examines the needs and imperatives of operational management who typically view traditional budgets as adding little value to them.

Venue details:  
Virtual Classroom, ,
Start date & time:  
20 October 2020 09:30
End date & time:  
20 October 2020 12:30
Price:  
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
9.00 Training Tickets accepted
CPD hours:  
8.00
Speaker details
First nameLast name
John McKenzie

Description

Product type:  
CPD course
Category:  
Strategic finance and management reporting

Format

This course will be delivered over two half days via Zoom on Tuesday 20 October 2020 and Wednesday 21 October 2020, from 9.30am to 12.30pm. The Zoom link will be emailed to participants the day before the course is due to take place.

Who should attend

This course is suitable for finance directors, CFO's, senior accountants, controllers, finance supervisors, team leaders and those aspiring to more senior finance roles. It is unlikely to be relevant for newly qualified accountants unless they are being fast tracked in their development.

Course overview

  • Macroeconomic forecasting as an essential planning and budgetary precursor
  • Key elements of a well-constructed business plan
  • What do we want our budget to achieve?
  • Forecast and budgetary problems - uncertainty, lacking transparency, forecast accuracy, objectivity
  • More advanced forecast techniques to improve forecast accuracy
  • Human and cultural factors that decrease budgetary effectiveness
  • Effective scenario planning
  • Alternatives to traditional approaches - Rolling forecasts, zero-based, activity-based and output budgets
  • CapEx budgetary considerations

Key learing outcomes

By the end of this course, participants will be able to:

  • Understand the implications of the changing business environment for the planning processes
  • Recognise the limitations of traditional budgetary and forecasting processes
  • Gain awareness of the importance of budgetary drivers and their application to improved forecasts
  • Bring more transparency to the budget
  • Bring strategy, budgeting and planning into alignment
  • Increase management buy-in through linkage to operational needs
  • Design and implement more dynamic, alternative budgetary processes

Speaker bio

John spent 30 years in finance and acquisition, manufacturing, sales, marketing and business development roles in the automotive and IT sectors. He is now pursuing freelance lecturing, consulting and writing. In 2008, John published his first book, ABC/M to the Max. He has spoken at over 400 public conferences and seminars worldwide and has worked with SMEs and blue-chip clients. John specialises in planning, budgeting and forecasting, strategic planning and management, business partnering.