Description
Budgeting and accurate forecasting are essential for organizational success. This course will teach you the practical tools and methods to create reliable budgets and effective forecasts to drive strategic decision-making.
By the end of this course, you will be able to:
- Explain what budgeting and forecasting are, as well as the difference between the two
- Describe various types of budgets and when they are used
- Understand multiple techniques for both budgeting and forecasting and how to apply them to calculate budget and forecast amounts
- Mitigate some challenges when preparing budgets and forecasts
- Identify some ways that tools can help improve budgeting and forecasting