Telecom Accounting & Business Seminars
Budgeting, Forecasting and Benchmarking
September 29-30, 2010
Excalibur Hotel
Las Vegas, NV
$795 2-day course
CPE Credits: 12
Who Should Attend?
Most rural ILECs prepare an annual budget. Often 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 five-year plan with strategies to hit financial benchmarks. This class 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 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 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.
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
Rick Betts
Moss Adams LLP
Dave Massey
Moss Adams LLP
Karl Searle
Strata Networks
Telecom Seminar Contacts
Registration Information
Diane Howe
509-777-0123
Course Content Information
Rick Betts
509-777-0187
Send us an e-mail
Events
Courses in the Management & Strategy Series:
- Telecom Finance 101
- Budgeting, Forecasting & Benchmarking
- More Effective Business Planning
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.