Budgeting and forecasting basics (draft)

About this course

How to build a budget, understand fixed and variable costs, forecast cash and explain variances. For managers and team leads who own a budget. General education only.

What you'll cover

1. 1.Budget, forecast and plan — Three words that mean different things · 4 min
2. 2.Building a budget — Four common approaches · 5 min
3. 3.Fixed and variable costs — How costs behave and break-even · 6 min
4. 4.Cash flow forecasting — Looking ahead at the bank balance · 5 min
5. 5.Variance analysis — Comparing actual results to budget · 5 min
6. 6.Rolling forecasts and scenarios — Staying up to date when things change · 5 min
7. 7.Scenarios — Three real situations. What would you do? · 5 min