Making Budgets and Forecasts while dealing with Uncertainty
Best practices to incorporate uncertainty in financial planning and budgeting process
Lectures -28
Duration -4 hours
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Course Description
Uncertainty can take many forms. It may manifest as a natural disaster, the deterioration of a foreign currency in which your company has operations, geopolitical changes, the merger or acquisition of a competitor, or a global pandemic. Regardless of form, uncertainty does illuminate a certain truth: companies must face volatile business conditions with nimble planning, budgeting, and forecasting.
Most companies find budgeting a challenge even under stable conditions. The process is often cumbersome, with managers spending too much time trying to work to a budget that is forced upon them. When economic forecasts fluctuate on a weekly or even daily basis, creating one reliable budget to coordinate business units and track performance for an entire fiscal year is extraordinary. Following the traditional budget process will likely prove unproductive.
You should listen to this talk as the speaker is a finance expert with over 15 years of experience in managing budgeting processes and speaks at conferences on various business and finance subjects.
In this talk, we will discuss how we can follow an efficient approach to making budgets during uncertainty
With this talk, you will be able to
1. understand challenges faced during budgeting and forecasting during current uncertain times
2. Strategies to make an effective budget during uncertainty
3. Best Practices
You will need to have a basic understanding of the budgeting process for which you can take my other course published on the platform.
Who this course is for:
- Financial planning professionals
- budgeting and forecasting professionals
- CEOs
Goals
understand challenges faced during budgeting and forecasting during current uncertain times
Strategies to make effective budget during uncertainty
Best Practices in dealing with uncertainties during budget and forecasting
Under what causes uncertainties
Prerequisites
Basic Understanding of budgeting and forecasting.
you can go through my other courses for basic understanding
![Making Budgets and Forecasts while dealing with Uncertainty Making Budgets and Forecasts while dealing with Uncertainty](https://d3mxt5v3yxgcsr.cloudfront.net/courses/7576/course_7576_image.jpg)
Curriculum
Check out the detailed breakdown of what’s inside the course
How to Make Budgets and Forecasts while Dealing with Uncertainly
28 Lectures
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Introduction to the course 01:14 01:14
-
Why we do budgeting 05:53 05:53
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Course Curriculam and what we will cover 01:52 01:52
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How to Make Budgets and Forecasts 01:51:34 01:51:34
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Paper Excercise or we can use budgeting to be useful 06:14 06:14
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Two Key Budgets and What They Contain 05:17 05:17
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Pre requirements of budgeting 03:55 03:55
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Sugguestive process of budgeting 04:48 04:48
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Three key components of budgets 08:33 08:33
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Practical process of budgeting forecasting 09:36 09:36
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Basis of revenue budgeting 05:28 05:28
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Revenue budget information needed and sugguested methology 03:53 03:53
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Revenue budget practical example 03:51 03:51
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Estimating the overall impact of revenue and setting up limits 02:28 02:28
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Cost and expenses budget information need and sugguested methodlogy 08:16 08:16
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Labour cost budgeting 05:04 05:04
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Other expenses budgeting process 03:28 03:28
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Capital expenditure budgeting 05:03 05:03
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Qualitative aspects of budgeting 03:30 03:30
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Marketing budget 03:34 03:34
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Introduction to course budgeting forecasting during uncertainty 03:19 03:19
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Causes of uncertainty in budgeting process 04:25 04:25
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Change the purpose of budgeting 03:42 03:42
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Budgeting for strategic success 04:01 04:01
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Keys aspects of strategic budgeting 05:08 05:08
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How often and how far we should do the forecasting and budgeting 06:25 06:25
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Principals of business planning during uncertainty 05:08 05:08
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Alternatives to traditional annual budgeting excercise 06:34 06:34
Instructor Details
![Manish Gupta](https://www.tutorialspoint.com/assets/profiles/149088/profile/200_48362-1573623804.jpg)
Manish Gupta
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