Budgeting and forecasting are very important decision support processes in a company. They model revenue and profit predictions, and serve to understand cash flow movements and working capital requirements. Budgeting and forecasting are critical skills for controllers in every company, no matter the nature of the business.
Course content
In this 1.5‑day course the main aspects of the budgeting and forecasting processes are explained. The focus is on how to practically achieve this. The training explores important concepts and then presents a baseline exercise to calculate a P&L, cash flow using both the direct and indirect method, and the balance sheet. After the completion of the first exercise, additional complexity is gradually introduced into the exercise, giving the participants food for thought, and stimulating reflection in the group. At the end of the training a forecasting model is also reviewed.
COURSE CONTENT:
Morning - Budgeting concepts: the essentials
- Top down and bottom up methods
- Incremental, zero based, standard costing and capacity based methods
- The importance of phasing, comparison with actual phasing
- Budget interactions : P&L, balance, cash flow
- Budget objectives
Afternoon - Budgeting case
[partly in group and partly independent]
- Revenue and cost allocation
- P&L in the different views
- Balance sheet for management reporting
- Cash flow and net debt reconciliation
At the end of the training, you will be able to set up your own budgeting and forecasting process in a production company, and be aware of the pitfalls in doing so.
Please note that this training consists of one full day and an additional half‑day session.
The second part of the programme will take place on 22 October 2026 in the afternoon, also in Antwerp.
Upon registration, you will receive all practical information.
Additional details
- Lunch will be provided on the first full day.
- Lunch will not be provided during the half‑day session on 22 October 2026.
- The training will be given in English unless you are all Dutch-speaking.
Cancellation conditions
- until 2 weeks upfront: 100% refund
- until 1 week upfront: 50% refund
A strong budget doesn't predict the future—it prepares your business for it.
