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Q2 Forecast Workshop

Q2 Forecast Workshop

Overview

In line with Forecasting monitoring procedures, schools are required to review the Financial Plan set in April/May against the actual expenditure to date, and to project a revised forecast to year end which is a best estimate.

The Q2 deadline is 18th October 2019

To complete your Q2 forecast before the deadline using the salary modeller tool or a Q2 forecast spreadsheet if no tool has been purchased.  

Be able to work on your forecast in a quiet environment with Finance staff on hand to answer any questions.

Suitable For: All Finance Staff and Bursars (beneficial for new Finance Staff)

Date & Venue: Please see the Training Schedule

Time: Half day 9.30-12.30. Refreshments provided.

Cost: If you have a Finance package 100 credits for the first delegate and 50 credits for an additional delegate or if no Finance Package purchased please refer to Schools Finance Packages

 

What you will need to bring

  • your school’s log in and password
  • You may wish to bring any SIMS information and a copy of your latest monthly summary report on which you may want to work before transferring the data onto the spreadsheet.

What we will provide

  • We will provide a copy of your September monthly summary report
  • The latest version of your salary modeller (we will request you send this to us via Anycomms before the workshop-details will be provided).
  • A Q2 forecast spreadsheet for those schools that have not purchased the salary modeller tool.

Objectives

By the end of the course you will be able to:

  • Complete your forecast
  • Understand how the spreadsheet works
  • Consider outcomes that may affect your year- end forecast position

 

Details

  • Work individually on a PC on a live version of your Forecast spreadsheet with Finance staff on hand to assist
  • Any work completed will be saved by the school finance team on the day and will be sent to you via Anycomms by the following day.

 

 

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