Rolling Forecast vs Traditional Budgeting

Duration: 60 Minutes
Rolling Forecasts are the wave of the future. They are rapidly replacing traditional budgeting. This webinar will outline and explain the critical differences and advantages of Rolling Forecasts over traditional budgeting. It challenges finance personnel and other managers to think outside the box and embrace the advantages of Rolling Forecasts.
Instructor: Carl Young
Product ID: 501121
Objectives of the Presentation
  • Why Rolling Forecasts are critical in today's turbulent environment
  • Using key business drivers & cash to influence and impact the future
  • The use of technology in Rolling Forecasts
  • Using "what if" analogies to validate forecasts
  • Focusing on future possibilities rather than past events to manage resources
  • Pitfalls to prevent successful implementation of Rolling Forecasts
  • Selling the culture changes to make rolling forecasts acceptable
Why Should you Attend
The current technology driven turbulent business environment presents many challenges to business managers. One primary challenge is the ability to predict and plan for the future which is unexpectedly unpredictable. Changes are constant. Companies struggle constantly to find ways to manage resources and find ways to thrive and survive in this turbulent business environment. Traditional budgeting has been overtaken by these constantly changing events and is currently outdated and irrelevant for the following reasons:
  • Too time consuming
  • Based on assumptions that may not be valid
  • Focuses on past events rather than future possibilities
  • Creates a use it or lose it mentality of resource management
  • Restricts creative thinking in resource management
Areas Covered
  • What are Rolling Forecasts and why they are important
  • Definition of key business drivers as the basis for rolling forecasts
  • 5 core components of Rolling Forecasts with explanations and illustrations
  • Using "what if" analogy to forecast the future
  • Use of technology in Rolling Forecasts
  • Illustration and samples of Rolling Forecasts with RF planning tools
  • Making it happen-moving from budgeting to rolling forecasts
  • The relevance of cash as a key business driver
  • Benefits of Rolling Forecasts
  • Human side of Rolling Forecasts-selling the concept
Who can Benefit
  • CFO
  • COO
  • Controllers
  • Accounting Managers
  • Budget and Resource Managers
  • Financial Analyst
  • Budget Analyst
  • Business Owners
  • Entrepreneurs
  • Anyone responsible for cost centers and other resource departments divisions etc
$300
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
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 company. Mr. Young has published numerous books on finance and accounting, including Finance and Accounting Made Simple and Rules and Tools for Thriving in Chaotic Times. Mr. Young earned his MBA in Accounting & Taxation.
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