Rolling Forecasts: The New Way to Budget

Duration: 60 Minutes
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.
Rolling Forecasts
Instructor: Carl Young
Product ID: 507070
Traditional budgeting has been overtaken by these constantly changing events as is currently outdated and irrelevant for the following reasons: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.

Objectives of the Presentation
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
$249
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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