Rolling Forecast vs Traditional Budgeting

Rolling Forecast vs Traditional Budgeting
Product Code: : FNAQ-9288
Speaker : Carl Young
Duration : 60Min


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.

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 Traditional budgeting has been overtaken by these constantly changing events and is currently outdated and irrelevant for the following reasons: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 the mentality of resource management
  • Restricts creative thinking in resource management

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

Areas Covered in the Session:

  • 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 will Benefit:

  • CFOs and COOs
  • 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

Speaker 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. 

Available Options

Recorded Session : ($169)

Get life time access for one participant with download option!

Training CD : ($209)

Free shipment within 4 Working Days, from the date of webinar completion. Get life time access for unlimited participants.

Training USB : ($249)

Free shipment within 4 Working Days, from the date of webinar completion. Get life time access for unlimited participants.
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