Budgeting and Forecasting

Budgeting and forecasting are essential tools that work together to help a business to estimate and track its performance and outcomes.

This module will provide you with the knowledge and skills required to develop and implement a fit-for-purpose budget and forecast in your own practice or when providing advisory services to your clients.

You will learn about key budgeting and forecasting concepts, strategies for developing budgets in the face of uncertainty and identify macro-economic drivers to support a three-way forecast.

The module also provides the practical tools, processes and methods required to develop a budget for a business and evaluate actual performance against forecast.

Key Topics

• Budgeting and forecasting
• Budget strategies
• Three-way forecasting and macro-economic drivers
• Developing a budget
• Budget vs actuals

This course consists of one online course and one online assessment.

This module is one of a series within the Practice Management component of the My Firm. My Future. Framework. It is designed to complement other learning modules in the My Firm. My Future. suite.