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Budgeting and Forecasting

‘Budgeting and Forecasting’ is designed to benefit both operational and departmental managers in an organisation.

An important method of financial control is the comparison of planned income and expenditure with the income received and the expenses incurred.

This course looks at budgets, what they are, how they are formulated and how they are used within a business. Different approaches to the budget setting process are examined; also the way that different parts of the same organisation look at budgets and its potential for internal conflict unless carefully managed.


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Course Details

This course focuses on the practice of budgeting and forecasting income and expenditure statements, what they are, how they are formulated and how they are used within a business.

Divided into six key topic areas, the course covers:

  • The purpose of budgeting
  • The purpose of different operational budgets – profit and loss and cashflow
  • Producing simple operational budgets
  • Comparing budgeted performance with actual
  • Fixed and flexible budgets
  • Rolling forecasts and beyond

Budgeting & Forecasting Course Flyer

The Outcome

On completion of the course, delegates will be able to:

  • Understand what constitutes a budget and why budgets are useful
  • Prepare a budgeted operating budget, cash flow and balance sheet
  • Understand how to analyse variances in terms of price & volume
  • Use budgets and forecasts to drive business strategy
  • Develop rolling forecasts and use forecasting tools

All delegates will be provided with course notes and will be issued with a certificate of attendance upon completion of the day.

Course Delivery

Debra Adams ‘Budgeting and Forecasting’ has been developed by Debra Adams, author of the highly acclaimed textbook 'Strategic Management Accounting for the Hospitality Industry', and is delivered over the course of one day by an experienced facilitator from arena4finance. The day is complete with course notes and refreshments. Taking a practical approach, the course is highly interactive and consists of a series of worked examples, case studies and discussions and is supported by 14-days access to our arena4finance self study centre for additional notes and resources.

The course is available for delivery in your business - call us to discuss your needs on 00 44 (0) 1202 849691

Other Information

This course is offered in partnership with the Hospitality Professionals Association (www.hospa.org)

arena4finance is proud to be the provider of professional development programmes in Financial Management and Revenue Management for HOSPA (formerly BAHA, the British Association of Hospitality Accountants).

We regularly provide training support for recognised industry bodies including the Institute of Hospitality, the MasterInnholders, TUCO and major operators in the sector.

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