03 December 2021

Better forecasting and budgeting


Make your budgets work harder, and learn the value of rolling forecasts and performance measurement systems.

Who should attend?
Board members, senior managers and accountants with responsibility for budgeting.

This course is best suited to delegates from commercial enterprises but delegates from the public sector are welcome to attend if they would like to keep up to date with practice and trends within the commercial industry.

What you will gain
When the conventional annual budget is replaced by the combination of a more credible budgeting process and a rolling forecast, a responsive and highly-effective management tool can emerge. On this course discover how to:

  • create a dynamic rolling forecast for both revenue and expenditure
  • produce a budgeting process that can quickly reflect the output from the rolling forecast
  • make your budgeting process responsive to plans inspired by changes in strategy and the market; plus competitor moves, advances in technology, efficiency and process improvement ideas
  • play a pivotal role as a catalyst for change.

Programme outline
Why do we budget?

  • The need to fully understand the key purposes and priorities that budgets and the budgeting process are there to fulfil
  • The complex and different requirements that can emerge from stakeholders across the business

Are budgets doing what we need them to do?

  • Six key elements of budgetary practice that have a critical influence over the quality of the result, the central one being the relationship with strategy
  • Elements of 'traditional' budgetary practice that need to be challenged
  • Ways to diagnose the health of the budgeting process
  • The importance of separating forecasts from budgets
  • The importance of building drivers of value into budgets and forecasts
  • Roles, responsibilities, measures and behaviours that support progressive budgeting

The role of the rolling forecast

  • Why have a rolling forecast and what has to roll?
  • The information needed to make it happen
  • The key analytics that underpin its strength and that drive improvement in quality
  • Using a rolling forecast as a catalyst for change
  • Its partnership with performance measurement systems

With better forecasting in place, the core requirements for the budget

  • An opportunity to fully understand costs and cost based risk
  • A mechanism for robust driver based cost management and efficiency improvement
  • A time to review plans, accountability and control

Getting started on implementing change

  • Freeing up time for the change agents
  • Using measures of effectiveness as a compelling reason for change
  • The role that benchmarking can play
  • Getting the first steps on the road to change underway

The course starts at 9.30am. Lunch and refreshments are included.
6 CPD hours (where applicable). 

CIMA work in partnership with BPP Professional Education to offer CPD training courses

Booking Information

Date Location Price
3 December 2021 - 09:30 London Price: GBP 634.00
Member price: £571. Plus VAT on all prices.
20 June 2022 - 09:30 Online Live Price: GBP 634.00
Member price: £571. Plus VAT on all prices.
11 October 2022 - 09:30 London Price: GBP 634.00
Member price: £571. Plus VAT on all prices.

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    Member price: £571. Plus VAT on all prices.
  • Location:
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  • Speaker(s):

Fourth of the CFO of the future series of five one day workshops. Learn how to break free from short-term targets and replace them with systems that enable the organisation to be more flexible. Book the series or choose individual workshops - it could be the defining moment in your career.

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Better forecasting and budgeting

CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount.

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In-house training 
We can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. To discuss how we can meet your learning and development needs please email us.

Find out more 
If you have any queries please email or phone us on: +44 (0)3300 603400.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA work in partnership with BPP Professional Education to offer CPD training courses.  

This course will be delivered by BPP Professional Education Limited (“BPP”).  Accordingly, when you sign up for this course, CIMA will pass on the contact details you have provided to BPP so that they can contact you to complete your booking and process payment.  BPP will process any personal information it collects about you in accordance with its privacy policy, which is available at:

The information provided to BPP will not be used by BPP for marketing purposes.

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