Rolling Forecast workshop

1. Rolling Forecast - Implementing
An Effective Process Workshop 2013
5 - 6 September 2013, Hackle Brooke Conference,Centre, Johannesburg South Africa
Tel: +(27) 11 070 7265
Fax: +(27) 86 245 0896
www.archipaxbsolutions.co.za
Guiding you step by step to improved planning capacity and organizational
awareness by a constant review of performance.
Most organisations use budgets as the foundational system for establishing targets, allocating resources and
assessing performance. In an environment of continuous change, budgets can quickly become out of date, which
raises the important question – are they worthwhile at all?
As finance professionals, we need to establish whether forecasting is a suitable alternative to traditional budgeting.
Unlike budgeting, Forecasting highlights on the fact that operations do not shut down at the end of the financial year
therefore ensuring that your organisation applies good business projections.
Well established forecasting techniques, used properly, can significantly improve financial performance and profit/
operating surpluses. Implementing forecasts and reinvigorating your planning practices can take a lot of the guess
work out of operational decision making, which will allow a greater focus on optimising financial performance.
• Learn how to make the transition from traditional year-end budgeting to rolling
forecasts
• Focus on enhancing performance by removing the burden of traditional year-end
budgeting and reporting
• Achieve organizational agility and resilience in an ever changing environment
• Discover the practical tools that will enable continuous and effective strategic
planning
• Develop a robust financial management system that will support the execution
of strategy
• Create a more responsive and proactive organisation through enhanced decision
making capability
• Effectively integrate financial management with strategic planning activities in the
organisation
• Learn how to link Strategic Planning with Financial Planning
Overview:
Archipax Business Solutions is delighted to present this in-depth
and interactive experience to help you:

2. Rolling Forecast - Implementing An Effective Process
Tel: +(27) 11 070 7265 Fax: +(27) 86 245 0896 www.archipaxbsolutions.co.za
Expert Facilitator: Christiaan Vorster CA(SA)
If six or more staff in your organisation would benefit from
training, you should consider our customised in-house
solution. Some of the benefits of our in-house events include:
Cost effective: save up to 30% on training fees
Time efficient: flexible timing and locations to suit your needs
Tailored to your needs: you can provide input into the content in
accordance to your unique situation and training needs
Privacy: you can discuss organisational challenges in confidence
One day options available
Proven and highly experienced trainers ensure the best possible
ROI on your training investment
In-house Training Solutions Who Will Attend:
• Management Accountants
• Financial Accountants
• Chief Financial Officers
• Finance Managers / Directors
• Financial Controllers
• Business Analysts
• Finance Analysts
• Planning and Analysis Managers
• Forecasting Managers
• Budgeting Managers
Christiaan mainly focuses on non-listed entities, specialising in:
• Business Valuations (valuations performed across industries for litigation support, investment
analysis, price negotiations, shareholder buy-outs, partnership creation or split-ups)
• Strategic Financial Planning and Financial Management Consulting (including financial analysis and advice
on budgeting
and forecasting techniques and methodologies)
• Continuous Executive Training and Mentoring
He is a Registered Chartered Accountant and a member of the South African Institute of Chartered Accountants
(SAICA) since 1996. He started his career with Deloitte (articles: 1996 - 1998) and Deloitte Consulting (1999), after
which he moved to Europe to gain international corporate experience with TNT International Mail in Amsterdam
(2000 – 2001).
His financial management consulting career started with Deloitte Consulting, continued with Africon International
Consulting (2005 - 2006), Galileo Capital (2007 - 2008) and thereafter as independent consultant, currently under
his own brand name, Business Growth Africa.
He has facilitated numerous Corporate Executive Training Programmes, specializing in Financial Management and
Corporate Finance, for various industries in the Netherlands, Malaysia, the United Arab Emirates, Qatar, Egypt,
Uganda, Ghana, as well as in South Africa at major business schools (WITS, Stellenbosch and Rhodes Business
Schools).
During his career he also lectured in financial management at the University of Pretoria, Department of Financial
Management (2001 - 2005) as well as at the University of Cape Town, School of Management Studies (2007 - 2008)
and Department of Finance and Tax (2012). Christiaan also serves on the Southern Regional Council of the South
African Institute of Chartered Accountants (SAICA).
Christiaan Vorster is a registered Chartered Accountant with more than 17 years’ experience in
financial management, both in corporate and academia

3. Tel: +(27) 11 070 7265 Fax: +(27) 86 245 0896 www.archipaxbsolutions.co.za
Financial Planning and Budgeting in Perspective
• The Strategic Planning Process
• Linking Strategic Planning with Financial Planning
• The Budgeting Process
• Approaches to Budget Development
Conceptualising Budgeting and Forecasting
• Understanding the focus of Budgeting vs Forecasting
• Underlying Assumptions in Budgeting and Forecasting
• The Rolling Budget
• The Rolling Forecast
Building a Forecasting Methodology
• Defining the uses of the Forecast
• Key Elements of a Forecast
• The Core Building Blocks of a Rolling Forecast
• Processes and Implementation
Matching Rolling Forecast time periods to your
Business cycle.
• Rolling Forecast time period vs the level of detail required
for your organisation
• Determining the time spent on budgeting and planning
• Relating month-end results to the Rolling Forecast
• Knowing and understanding the business drivers that are
applicable to your organisation
• Linking your organisation's forecast with past results.
• Identifying the various business components within the
Rolling Forecast process
Day One: Day Two:Workshop Agenda
Workshop Schedule
Rolling Forecast - Implementing An Effective Process
08:00-08:20 Registration and tea
08:20-08:30 Opening remarks
08:30-10:30 Session One
10:30-11:00 Morning tea/coffee break
11:00-12:30 Session Two
Practical Aspects – Building a Forecast
• Quantitative Forecasting Techniques using Microsoft Excel™
o Analysing the Available Data
o The Concept of Correlation
o Time Series Analysis
o Regression Analysis
o Practical Implications
• Building the Forecast
• Incorporating the Rolling Aspect
The Forecast Modelling Process
• Steps in Generating a Forecast
• Qualitative vs Quantitative Forecasting Models
• Time Series and Causal Forecasting Techniques
• Factors to take into account when deciding on a Forecast
Model and Technique
Simulation Techniques
• Dealing with different possible future scenarios
• Using the Monte Carlo Simulation in Microsoft Execl™
Conclusion
• Review of Core Concepts
• Practical Implementation Advice
12:30-13:30 Lunch break
13:30-15:00 Session Three
15:00-15:15 Afternoon Tea/Coffee Break
15:15-16:45 Session Four
16:45-17:00 Closing Session