Who Should Attend?
This seminar provides controllers, analysts, and accountants with training and tools to develop more accurate budgets and to expand this task into an annual successful strategic forecasting process. Rural ILEC controllers and accounting personnel with budgeting responsibilities should attend.
What You'll Learn
Most rural ILECs prepare an annual budget which often consists of departmental budgets that roll up into an income statement and a capital budget. Very few companies develop forecasted balance sheets and cash-flow statements that function as a five-year plan with strategies to hit financial benchmarks. Topics included in this seminar include:
The Annual Budget Process
Why it’s important, how the budget should be used, how to get started, items to consider, the applicability of past information, how to keep things simple without compromising on the value of the budget, key assumptions, and tools to budget cost settlements and other difficult accounts.
Compiling a Complete Forecast
Why is a complete forecast necessary? The mechanics of transforming a budgeted income statement into a forecasted cash flow statement and balance sheet. Developing necessary balance sheet and cash flow assumptions. How to consolidate subsidiaries, estimate income taxes, capital credit payments and other nonoperating items.
Forecasting Future Years
How to expand a single-year forecast into a five-year forecast and working with others in the company to develop reasonable assumptions.
Analyzing Forecasts
How to use industry benchmarks.
Financial Goals
The types of data available to compare with individual company results in order to highlight strengths and weaknesses; critical financial benchmarks; how to set goals for improvement; tips on communicating results; achieving buy-in from others in the company.
Instructors
- Rick Betts, Moss Adams LLP
- Karl Searle, Strata Networks
Let us bring this course to your location.
Courses in the Management & Strategy series
- Telecom Finance 101
- Budgeting, Forecasting & Benchmarking
- More Effective Business Planning
- MAPS Forecasting & Budgeting Workshop
- RLEC Financial Tools
Telecom Seminar Contacts