Plan Vs Budget Vs Forecast

Learn everything about planning, budgeting and forecasting

What you'll learn
Definition of Planning, Budgeting and Forecasting
Key differences between planning, budgeting and forecasting
Special factors and review points for planning, budgeting and forecasting
Latest trends in this space
Requirements
You will learn everything you need to learn
Description
This course is tailor-made for financial planning & analysis (FP&A) professionals, and business/commercial finance professionals. The course explains basic definition of plan, budget and forecast. Then, it explains the key differences between plan, budget and forecast. It also goes into details of various factors which helps you prepare the plan, budget and forecast. It will explain you all intricacies of such factors and what to avoid and what to take care of during the plan, budget or forecast process. It will also explain how it will enable management to make decisions. Examples of such factors includes total addressable market (TAM), currency fluctuation, sales cycle stage of the product, mergers & acquisitions, etc.The course also delves into latest trends like artificial intelligence, machine learning, big data, data science etc. It also explains the importance of being pro-active in this role and how to align external factors e.g. geo-political issues, economic issues, changes in rules/regulations and standards with internal factors.In summary, this course can give a strong head start if you are looking to make a career as financial planning & analysis professional or business/commercial finance professional. This course also is suitable for professionals who are making career switch from controllership to business finance or FP&A roles.

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Who am I

Section 2: Definitions

Lecture 3 Definitions

Section 3: Differences

Lecture 4 Differences

Section 4: Special Factors within each category

Lecture 5 Special Factors - Planning

Lecture 6 Special Factors - Budgeting

Lecture 7 Special Factors - Forecasting

Section 5: Latest Trends

Lecture 8 Latest Trends

Section 6: Thank You

Lecture 9 Thank You

Finance professional in Financial Planning & Analysis (FP&A) and Business Finance roles. The role is good for beginners as well as intermediate professionals. The role will also suit professionals who are making a career switch into FP&A and Business Finance