Chapter 7: Budgeting and Forecasting

In this section

• Master Budgeting (Sales, Production, Cash, etc.)
  Discover how to create, integrate, and manage master budgets—from sales estimates to production plans to final cash forecasts—in a cohesive, step-by-step approach.
• Rolling Forecasts and Zero-Based Budgeting
  Explore rolling forecasts and zero-based budgeting as flexible and dynamic approaches to financial planning, comparing their advantages and applications for CPA exam readiness.
• Sensitivity Analysis and Scenario Planning
  Explore comprehensive strategies for incorporating sensitivity analysis and scenario planning into budgeting, highlighting best/worst-case perspectives, risk assessment, and real-world applications.
• Using Data Patterns and Predictive Analytics
  Learn how to harness historical data models and analytics techniques to improve forecast accuracy and drive strategic decisions in budgeting and forecasting.