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Forecasting Planning & Budgeting a dynamic environment Recorded

Summary

Forecasting Planning & Budgeting in today’s dynamic environment

Are the traditional budgetary and forecasting processes we use fit for purpose in today’s dynamic and competitive environment where forecast time horizons are shortening and economic uncertainties increasing. a considers alternative techniques and their implications and means to improve forecast accuracy.

Description

Product type:

CPD online course

Category:

Strategic finance and management reporting

This course was recorded in autumn 2019

Key Features

What do we want from a budget?

Macroeconomic forecasting of our external environment – an essential precursor to business forecasting and budgeting
Traditional forecast and budgetary problems
Uncertainty
Lack of transparency
Forecast accuracy
Objectivity
Statistical and non-statistical techniques to improve forecast accuracyAlternatives to traditional approaches
True rolling forecasts
Driver based budgets
Activity based budgets
Output based budgets