Rolling Forecasts: Best Practices and Common Pitfalls

Wednesday, September 18, 2019 at 1pm ET           Duration: 90 minutes

Whether you’re already using rolling forecasts, thinking about changing over or just curious about the process, you likely want the answer to this question: How do the best do it? What practices do they follow that help them use rolling forecasts to grow profits and improve the effectiveness of their management teams? And why are rolling forecasts seen as a more effective approach in today’s business environment? (more details below)

* Approved for 1.5 recertification credit hour through HRCI & SHRM.


WHY ATTEND

The only thing certain about business today is change. That’s why so many organizations are abandoning their traditional budgeting model in favor of a rolling forecast approach. More and more CFOs and business executives have concluded that traditional budgeting is: 1) often based on assumptions that may be on target one month but invalid the next, 2) focused on past events, not future possibilities, and 3) too often responsible for creating a “use it or lose it” mentality.

This webinar outlines the critical differences and advantages of rolling forecasts over traditional budgeting. It challenges finance personnel to think outside the box and embrace the advantage of rolling forecasts. Rolling forecasts work because, unlike traditional budgeting, they allow you to respond in near-real-time to changing business drivers and market conditions.

During this program, featuring corporate finance expert Carl Young, you’ll gain an understanding of how top performing companies have successfully used this strategy to make the leap to continuous planning—and you’ll learn about the best practices that keep them in front of their competition.

LEARNING OBJECTIVES

Join us for this fast-paced and information-packed session where you will learn:

  • Why rolling forecasts are critical in today’s turbulent and constantly changing environment
  • The five core components of rolling forecasts - with simple explanations and exercise to reinforce the learning points
  • A Six Step simple solution to developing and understanding Rolling Forecasts using excel based examples
  • A process to merge Rolling Forecast planning into operational budget framework
  • How to use key business drivers and cash to impact the future
  • The role and use of technology in rolling forecasts
  • How to use “What If” analogies to validate rolling forecasts
  • Why it’s better to focus on future possibilities rather than past events to manage resources
  • How to move from data based budgeting to driver passed forecasting as the foundation for resource allocation and utilization

                                                                    ABOUT THE SPEAKER

                                                                    Carl Young is an Author, Speaker, Trainer, Consultant, and Coach. He holds an MBA and completed graduate studies in Accounting and Taxation. He is a former CFO of a 275M, high growth technology-based company. He has over 25 years of senior level business management experience. In addition, he has over 25 years of training experience in finance, accounting and business management. Former CEO of his own small parts manufacturing company as well as former Senior Financial Associate of major consulting firm.

                                                                    Carl is a member of the following organizations: American Society of Corporate Controllers, Council of Experts (investment firm Gersen & Lehrman), Society of Industry Leaders (sponsored by Standard & Poors), and the National Association of Accountants.

                                                                    Certification

                                                                    This program has been approved for 1.5 recertification credit hour(s) through the HR Certification Institute (HRCI) & Society for Human Resource Management (SHRM).

                                                                    What You Get With Each Option

                                                                    Live Recording

                                                                    Live Only

                                                                    Participation in the live upcoming webinar

                                                                    Recording

                                                                    Recording Only

                                                                    Full MP4 recording of webinar, including Q&A (digital download).

                                                                    Live and Recording

                                                                    Live + Recording

                                                                    Participation in the live webinar + Full MP4 Recording (digital download).

                                                                    Event Package

                                                                    Event Value Pack

                                                                    Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. (digital download)

                                                                    What You Get With Each Option close

                                                                    Live Recording

                                                                    Live Only

                                                                    Participation in the live upcoming webinar

                                                                    Recording

                                                                    Recording Only

                                                                    Full MP4 recording of webinar, including Q&A (digital download).

                                                                    Live and Recording

                                                                    Live + Recording

                                                                    Participation in the live webinar + Full MP4 Recording (digital download).

                                                                    Event Package

                                                                    Event Value Pack

                                                                    Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. (digital download)

                                                                    About Webinar Connections close

                                                                    Each purchase is for ONE computer to access the session.
                                                                    A group may participate in a room together as long as only 1 computer is logged in.
                                                                    If you need more than one computer to access the webinar, please call customer service at 888-479-2777.
                                                                    A charge will apply for each connection.