Fundamental concepts of Budgeting & Forecasting Business

Fundamental concepts of Budgeting & Forecasting Business

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Description

About the Class

Have you wondered what is basis of Budgeting & Forecasting revenue and expenses.

We hold a live workshop lately and discuss this topic in fairly details. This course is re-production from live reocrded videos of workshop to give you a taste concepts in budgeting & forecasting.

Please note this is not an excel class and we are not doing real budget here. however we are understanding fundamentals lying under how revenue and expenses are forecasted.

Who Should Subscribe

You should have some understanding of your business and financial statements.

If you wish to learn the fundamentals of how budget and forecast are created (not relying on excel of system calculations)

About Case Study

Case Study in question is a hotel, hence all concepts are related to hospitality however other industry might get benefit out of it.

If you have any feedback of feel i missed anything please let me know and i will add those

Who this course is for:
Startups & Small Business Owners who wish to get concept how to make budget
Non-Finance background managers
Finance Managers / Asst Finance Managers

Business online course

Information about business:

Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).
[need quotation to verify] Simply put, it is “any activity or enterprise entered into for profit.
It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.”

Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
If the business acquires debts, the creditors can go after the owner’s personal possessions.
A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.