- NY Credits : 2.0
- TX Credits : 2.0
This course presents an overview of the importance in preparing a forecast and budget as well as the different methodologies associated with these two very important tools used in managing a business. The process of developing an effective forecast is more of an art rather than a science. Budgeting can be a challenge simply as a result of the negative connotation associated with the term.
Upon successful completion of Financial Management - Budgeting and Forecasting, the user should be able to:
demonstrate an understanding of the key aspects of an effective forecast;
recognize the different methodologies for creating a forecast;
identify the purpose for creating and using a budget for successful financial management; and
differentiate between different budgeting processes.