Budgeting and Forecasting Best Practices during Uncertainty
What you'll learn
- understand challenges faced during budgeting and forecasting during current uncertain times
- Strategies to make effective budget during uncertainty
- Best Practices in dealing with uncertainties during budget and forecasting
- Under what causes uncertainties
- Basic Understanding of budgeting and forecasting.
- you can go through my other courses for basic understanding
Uncertainty can take many forms. It may manifest as a natural disaster, the deterioration of a foreign currency in which your company has operations, geopolitical changes, the merger or acquisition of a competitor, or a global pandemic. Regardless of form, uncertainty does illuminate a certain truth: companies must face volatile business conditions with nimble planning, budgeting, and forecasting.
Most companies find budgeting a challenge even under stable conditions. The process is often cumbersome, with managers spending too much time trying to work to a budget that is forced upon them. When economic forecasts fluctuate on a weekly or even daily basis, creating one reliable budget to coordinate business units and track performance for an entire fiscal year is extraordinary. Following the traditional budget process will likely prove unproductive.
You should listen to this talk as the speaker is a finance expert with over 15 years of experience in managing budgeting processes and speaks at conferences on various business and finance subjects.
In this talk, we will discuss how we can follow an efficient approach to making budgets during uncertainty
With this talk, you will be able to
1. understand challenges faced during budgeting and forecasting during current uncertain times
2. Strategies to make an effective budget during uncertainty
3. Best Practices
You will need to have a basic understanding of the budgeting process for which you can take my other course published on the platform.
Who this course is for:
- Financial planning professionals
- budgeting and forecasting professionals
PROFILE & STRENGTHS
Mr Manish Gupta is an experienced hospitality finance professional, having a blend of financial core expertise with hands-on training in managing hotel operations and business development.
Having worked as an Auditor for 7 years, he moved into finance management for brands like Parsvnath Developers and Shangri-La Hotels & Resorts and currently serving as the CFO of HTOO Hospitality.
His role is to spread the finance function for the largest hospitality in Myanmar owned and managed by one of the biggest business houses in Myanmar. They have 16 operational and underdevelopment High-end boutique resorts (covering an overall room inventory of 800+ rooms), 2,000 employees. Most of the properties are leaders in their region on trip advisor and won various travel awards over a period of time.
He has proven experience in setting up the foundation for sustainable growth (in the form of management information systems, restructuring), ERP implementation, gear towards IPO readiness & IFRS convergence. With such a great skill set, the students can be assured about the quality of training with his expertise.
He has been teaching at various institutions in Myanmar such as Swiss Business School, American Hospitality Institute of Myanmar with students ranging from directors to CEO of various companies.
ACADEMIC & PROFESSIONAL CREDENTIALS
Chartered Accountant – 2005 (Member of the ICAI) form Institute of Chartered Accountant of India
Company Secretary – 2005 from Institute of Company Secretaries of India
DISA (Diploma in Information System Audit) Supervisory Excellence (Online) & Business Leadership form e-Cornell University
Strategic Leadership from Shangri-La Global University