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The current technology-driven turbulent business environment presents many challenges to business professionals. 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 Traditional budgeting has been overtaken by these constantly changing events and is currently outdated and irrelevant for the following reasons: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 invalid assumptions
  • Focuses on past events not future possibilities
  • Creates a "use it or lose it" mentality
  • Restricts creative thinking in resource management


Rolling forecasts are the wave of the future. They are rapidly replacing traditional budgeting. This webinar outlines the critical differences and advantages of Rolling Forecasts over traditional budgeting. It challenges personnel responsible for managing resources to think outside the box and embrace the advantages of Rolling Forecasts. This session will focus on:

  • Using Key Business Drivers & Cash to influence & impact the future
  • Why Rolling Forecasts are critical in today’s turbulent environment
  • Definition of Key Business Drivers as the basis for rolling forecasts
  • The relevance of cash as a Key Business Driver
  • The Five Core Components of Rolling Forecasts
  • The use of technology in developing & implementing Rolling Forecasts
  • Simple Techniques to make it happen
  • Simple samples and exercises to reinforce teaching points
  • Using “What if” analogies to validate forecasts
  • Benefits of Rolling Forecasts
  • Pitfalls to prevent
  • Selling the culture changes to make rolling forecasts acceptable


  • Why Rolling Forecasts are critical in today’s environment
  • The Five core components of Rolling Forecasts with simple explanations and exercises to reinforce learning points
  • The use of Key Business Drivers & Cash to influence and impact future planning and decisions


  • The role and use of technology in rolling forecasts
  • How to focus on future possibilities rather than past events to manage resources
  • How to move from Data Based Budgeting to Driver Based Forecasting as the foundation for resource allocation and utilization


  • Budget Analyst
  • Financial Analyst
  • Cost Center Managers and any position responsible for the management of resources
  • Accounting Managers
  • Chief Accountants
  • Finance & Budget Managers
  • Chief Financial Officers
  • VP Finance
  • Operation and Production Managers


 

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. 
 

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