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Preparing a forecast budget for effective financial management
Your decisions become stronger when their financial consequences are visible. Structure forecasts, make assumptions explicit and analyse variances to manage budgets and profitability more effectively. Strengthen your ability to justify a scenario and adjust commitments.
- Duration
- 2 days 14 hours
- Code
- AC001FR Code
Presentation
A forecast budget is an essential financial document for any business. It allows you to forecast revenue and expenditure over a given period, usually a financial year. This reference document provides a clear view of the company's financial position and serves as a roadmap for strategic decision-making.
In this 2-day budgeting course, you will acquire the knowledge and tools needed to prepare an accurate, reliable forecast. Whatever your level of financial expertise, the course will familiarise you with the latest budgeting tools and methods. You will discover financial management best practices and share experience with other professionals.
This short, practical forecast preparation course is a worthwhile investment with many benefits for your business. You will learn to manage revenue and expenditure more effectively, optimise resource use and make sound financial decisions.
Objectives
By the end of this accounting course, you will be able to:
- prepare a forecast financial balance sheet to monitor your company's development;
- understand the stages involved in developing a forecast budget;
- understand forecasting documents;
- apply a forecast budget through a case study.
Program
Day 1
1. Preparing forecasting documents
- Review of financial fundamentals:
- the definition and use of working capital requirements (BFR);
- the role of payment terms and turnover periods;
- seasonality of revenue and expenditure.
Practical work:
- calculate working capital requirements;
- calculate intermediate management balances (SIG);
- calculate cash flows.
2. Preparing forecast financial statements
- What is forecast profit or loss?
- What is a cash flow forecast?
- What is a forecast financing plan?
- Introduction to forecasting models.
- The different stages of budgeting.
Practical work:
- explain the difference between a company's profit and cash position.
Day 2
3. Preparing your forecast budgets
- Identifying financial resources:
- receipts and revenue;
- grants for associations;
- association membership fees.
- Identifying budget expenditure:
- equipment and merchandise purchases;
- overheads;
- payroll costs;
- taxes and duties;
- finance costs.
- Identifying planned investments.
- Identifying forecast budget calculation assumptions for:
- payment terms: customers, suppliers and creditors;
- inventory turnover periods;
- investment depreciation periods;
- applicable VAT rates.
- Financing requirements (credit facilities, current savings accounts, etc.) and their terms (interest rates, duration, bullet loans, etc.).
- Using financial forecasting software.
Practical work:
- prepare a cash flow forecast budget and a forecast profit and loss budget for a trading company.
Audience
This course is intended for:
- business founders and buyers;
- microbusiness and SME leaders;
- finance or accounting managers;
- anyone wishing to acquire budgeting skills.
Prerequisites
No professional skills or experience are required for this course.
Teaching and assessment methods
- Initial skills assessment
- Training materials provided to participants
- Continuous assessment throughout the course
- End-of-course feedback questionnaire
- Combination of theory and practical application
- Attendance records
- Post-course follow-up evaluation
- Practical exercises
Course highlights
Master budgeting tools and techniques, undertake practical work preparing a forecast budget based on a case study, and learn from a specialist finance trainer.
Dates and sessions
Choose the date and delivery format that suit you.
No upcoming sessions are currently available.