Introduction

The current technology driven turbulent business environment present many challenges to business manager. One primary challenge is the ability to predict and plan for the future which is unexpectedly unpredictable. Changes are constant. Companies struggle to find ways to find manage resources and find ways to thrive and survive in this turbulent business environment.

Traditional budgeting has been overtaken by these constantly changing events as is currently outdated and irrelevant for the following reasons:

  • Too time consuming
  • Based on assumptions that may not be valid
  • Focuses on past events not future possibilities
  • Creates a "use it" or "lose it" mentality
  • Restricts creative thinking in resource management

Rolling forecasts are the wave of the future. They are rapidly replacing traditional budgeting. This webinar outlines the critical differences and advantages of rolling forecasts over traditional budgeting. It challenges finance personnel to think outside the box and embrace the advantage of rolling forecasts.

Learning Objectives

This Webinar will focus on:

  • Using key business drivers and cast to influence and impact the future
  • Why rolling forecasts are critical in today's turbulent environment
  • Definition of key business drivers as the basis for rolling forecasts
  • The relevance of cash as key business driver
  • The core components of rolling forecasts
  • The use of technology
  • Simple techniques to make it happen. From dashboards to driver based forecasts
  • Simple samples and exercises to reinforce teaching points
  • Using "What If" analogies to validate forecasts
  • Benefits of rolling forecasts
  • Pitfalls to prevent
  • Selling the culture changes to make rolling forecasts acceptable

Why should you attend?

  • Why rolling forecasts are critical in today's turbulent and constantly changing environment
  • The five core components of rolling forecasts with simple explanations and exercise to reinforce the learning points
  • The use of key business drivers and cash to influence and impact the future
  • The role and use of technology in rolling forecasts
  • How to use "What If" analogies to validate rolling forecasts
  • Six Step Solution to creating Rolling Forecasts
  • Two Step Solution to migrate Rolling Forecasts to Budget System

Who Will Benefit

  • Business Managers/Owners
  • Entrepreneurs
  • Financial/Business Analysts
  • CAO & CFO
  • Budget Analyst
  • Accounting Manager
  • Chief Accountants
  • Finance and Budget Manager
  • Vice President Finance
  • Budget and Resources Managers
  • Operation and Production Managers
  • COO
  • Controllers
  • Cost centre manager and any position responsible for the management of resources
  • Anyone responsible for cost centre and other resources department division etc

ENROLLMENT OPTIONS

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Carl Young is the owner of Carl Young Consulting, where he works as a turn-around consultant and business coach. Mr. Young is the former Chief Accountant and CFO of a $275M high growth technology com Know More

Carl Young