Budgeting and financial forecasting are financial planning techniques that help business personnel in the decision-making process. Budgeting uses estimation to quantify the expectation of revenues a business wants to achieve for a future period, whereas financial forecasting is used to estimate the amount of revenues that will be achieved. Budgeting essentially lays out a plan for where a business wants to go, whereas financial forecasting indicates where the business is actually headed

Our management training team can help you use financial forecasting and take immediate action based on the forecast data. Our training will help you to ascertain how a company uses budgeting to make decisions,  how  budget should be updated more frequently than one fiscal year so that there is some relationship to current market circumstances.