Welcome to Zane and Blackman Limited. We provide services in

  • Human Resource Management
  • Leadership Development
  • Management Training/Development

Budgeting and Forecasting

(Durations of Courses: 1 Day)

This course is aimed at developing a range of skills and techniques to enable delegates to apply the fundamentals of budgeting and forecasting.

The objectives of the course are:

  • To show the link between the corporate plan and operational budgets.
  • To define the techniques of setting budgets and forecasts.
  • To demonstrate the use of budgets and forecasts as business tools.

Course Overview:

Budgets in Context

  • Defining budgets and budgeting
  • The benefits of budgeting
  • Setting Budgets

Translating the corporate plan into business goals

  • Setting targets and objectives
  • Budgeting from a zero base
  • Using financial tools

Managing Budgets

  • Monitoring actual results against budget
  • Interpreting and using variances
  • Setting indicators for maximum benefit

Forecasts as a Management Tool

  • The use of forecasts and why they are nearly always wrong
  • The areas and items to be included
  • Accuracy versus materiality

Action planning and feedback


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