L&D: Tuesday L&D Processes Audit 07: Forecasting and Accounting Process

T&D Process  2.3: Forecasting and Accounting Process

Note: In my 2001 book I continued my decades old name for the profession as T&D – Training & Development.

Convert for your use as necessary. I will use both T&D and L&D in this weekly series for 2018.


Not all loose processes need to be tightened up.

You should only do that Investment if the Returns warrant.


Learning By Design vs Learning By Chance

When the Cost of Non-Conformance of poor Process/people Performance warrants the Investment in T&D/ Learning/Knowledge Management Content – then make those investments.

And – just because an L&D profession can determine a valid Learning Need and gap in Content – does not in and of itself warrant meeting that need – in any manner.

It’s a Business Decision. 


The L-C-S Framework View

I use both views…


Overview of the Big Picture


T&D Process 2.3: Forecasting and Accounting Process

Process Purpose

The Forecasting and Accounting Process tracks all of the T&D expenditures and the contractual/planned commitments to ensure that the price tags for all of the current and planned efforts are known before all of the invoices arrive.


Process Description

The Forecasting and Accounting Process tracks and reports all of the T&D expenditures and allows the T&D system to be in a position to declare its ability to “give back” if asked to “give back” resources at the end of the third quarter or whenever things get too tight.

This T&D system clearly understands where its financial obligations stand contractually. It understands the implications of the enterprise headquarters’ requests to not spend it all, but to give a portion of it back so that it might fall straight back to the bottom line and improve the financial view of the enterprise.

After all, “a dollar not spent is a dollar back on the bottom line!” That is a notion for the T&D community to demonstratively reflect in all of their communications to their marketplace stakeholders. Cost avoidance where appropriate, and worthy investments where determined.

The corollary, however, is that a dollar not invested is a greater return deferred or foregone.

If the T&D has contractual obligations, it may or may not be in a position to give back any funds to management if requested. It had better understand its financial/contractual situation in an ongoing manner.

For More About This Process In the T&D Systems View

See my 2001 book: T&D Systems View.


Click on image to link to the download page.

T&D Systems View is also available as a $15 Paperback book – and $7.50 as a Kindle – for more information and/or to order – please go – here.

This 2018 Weekly Series Continues Next Tuesday

For Past Series Posts search this site using: “Tuesday L&D Processes Audit”

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