Budgeting and Forecasting

Budgeting and Forecasting

The essentials of managing for the future


Thinking ahead and expressing a plan in financial terms can be a daunting task for any manager. Yet your estimate may well be the center point of many key decisions impacting an organization’s people, strategies, customers and more. This seminar, created by popular demand, will give you tools to understand, prepare and manage budgets effectively. It will give you a systematic, careful and logical approach to make realistic forecasts, get back on track in case of variances, manage cash and help your organization achieve its goals.

Key Benefits & Takeaways

  • Practice developing a well-planned budget based on forecasted sales, revenues and costs
  • Reduce the risk for error in year-end balances
  • Explore market drivers and scenario planning to better forecast sales
  • Learn tools to better monitor your actuals against the budget on a regular basis
  • Quickly identify variances and take appropriate management action to get back on track
  • Understand the links between budgets, income statements and key performance indicators
  • Learn important communication techniques for developing and presenting a budget
  • Equip yourself with tools and insights to develop a realistic budget and trust your forecasting judgment

Who Should Attend

This program is relevant to managers of all levels (supervisors to senior executives) and from all types of organizations. It is ideal for people with budgeting responsibilities (with or without financial backgrounds) who wish to develop or refine their budgeting and forecasting skills.

What is the Registration Fee?

$1795 (plus tax) for the two-day program, including facilitation by two highly-rated faculty members, comprehensive workbook, results-oriented exercises, seminar supplies, meal service (breakfast, lunch and breaks) and a certificate of completion from the McGill Executive Institute.

Program in Detail

Every aspect of this seminar is designed to ensure that you come away with a complete understanding of forecasting and developing a well-planned budget to help your team or organization hit targets. The learning approach involves best practices and models, case studies and hands-on, straight-to-the-point practice exercises. Please bring a calculator and laptop with you.

The seminar will be held at the McGill Executive Institute located at 1001 Sherbrooke Street West (between Peel and McTavish). A check-in desk on the 6th floor will be open from 8:30 a.m. and the seminar will run from 9:00 a.m. to 5:00 p.m. each day.