Telecom Accounting & Business Seminars
Budgeting, Forecasting and Benchmarking
October 7-8, 2008
Las Vegas, NV
$795 2-day course
CPE Credits: 12
Who Should Attend?
Controllers and accountants who prepare company budgets. Attendees whose company has not participated in the Telergee Benchmark Study will be asked to do so to maximize the value of this course. You will be contacted about the Study after registering for this course.
What You'll Learn
Most companies prepare an annual budget. Many times this 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 5-year plan with strategies to hit financial benchmarks.
The purpose of this class is to provide controllers and accountants with training and tools to develop more accurate budgets and to expand this task into an annual successful strategic forecasting process. This course will feature a step-by-step case study in building a budget and multi-year forecast using spreadsheet templates specifically designed for rural telecommunications. The course will specifically focus on the following:
The annual budget process
Why is it important and how should the budget be used. How to get started and items to consider, the applicability of past information, how to keep things simple without compromising on the value of the budget, key assumptions, tools to budget cost settlements and other difficult accounts.
Expanding on the budget to compile 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 5-year forecast. Working with others in the company to develop reasonable assumptions.
Analyzing forecasts using industry benchmarks to set 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.
If your company has not participated in the Telergee Benchmarking Study, we recommend that it do so to maximize the value of this course to you. You will be contacted about the study after registering for this course.
Instructors
Karl Searle
UBTA-UBET Communications
Rick Betts
Moss Adams LLP
Telecom Seminar Contacts
Registration Information
Karen Arndt
509-777-0153
Course Content Information
Rick Betts
509-777-0187
Send us an e-mail
Events
Courses in the Management & Strategic series:
Course Combo Opportunities: Make the most of your training dollar and trip to Las Vegas by also registering for Intermediate Telecom Accounting, Telecom Networks for Non-Technical Staff, Telephone Plant Accounting, or Wireless Accounting & Finance.
