- NY Credits : 1.0
- TX Credits : 1.0
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.
This course is most beneficial to professionals new to forecasting and budgeting who maybe be at the staff or entry level in organization but also for seasoned professionals with limited exposure to forecasting and budgeting.
Upon successful completion of this course, 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.