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Financial planning and analysis: Building a company’s budget
Course Introduction
Course Introduction. What does the course cover (2:32)
Getting Started with Financial Planning
What is a budget and why do we need it? Planning to save some money? (5:33)
The Accounting Framework
The three financial statements that are the back bone of any company's budget (2:25)
How much money did the company make? The Income Statement (3:50)
The Balance Sheet: A snapshot of a company's financial position (3:44)
Essential Mechanics of the Forecasting Process
How do we forecast a company's financials? (5:19)
Who is involved in the preparation of a Budget? (example: Nike) (3:47)
How do we use a Budget once it has been prepared? (Static vs Flexible budgeting) (2:41)
What is the difference between a 12-month and a 10-year forecast? (2:06)
What is a Master Budget and how is It created? (3:22)
Time for a Case Study: Henry's Hats
Let's start selling summer hats! (3:07)
Bottom-Up Forecasting - Theory (2:36)
Bottom-Up Forecasting in Practice (2:48)
Calculating Henry's Hats expected revenues (1:23)
How Much Does It Cost to Produce the Goods that Henry's Hats Sells?
Cost of Goods Sold: An Introduction (1:20)
Production planning: how Production forecasting makes life easier (4:17)
Forecasting costs for Direct Materials and Direct Labour (2:36)
Henry's Hats Overhead expenditure (3:34)
Cost of Goods Sold: Recap (1:20)
Forecasting Selling, General & Administrative expenses
Forecasting Selling, General & Administrative expenses (2:43)
Forecasting Balance Sheet Items
Calculating Working Capital Days (1:14)
Forecasting the development of Trade Receivables, Trade Payables, and Inventory (4:08)
Fixed Asset Rollforward: The importance of Capex planning (4:50)
Completing Henry's Hats Budget
Putting together an Income Statement for the forecast period (3:54)
Producing a Balance Sheet for the forecast period (4:26)
Calculating Cash Flow and building an integrated financial model (8:35)
Course Challenge - 99 Agency (1:03)
Calculating Henry's Hats expected revenues
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