Advanced Budgeting Training Course
Accounting, Finance and Budgeting Training

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Advanced Budgeting Training Course
Course Overview:
The Advanced Budgeting Training Program Is meant for participants who wish to learn major budgeting techniques including incremental, zero-based and flexible planning and even other systems such as templates and variance analysis.
Furthermore, theoretical and empirical aspects of cost evaluation and analysis are studied, in particular the application of: NPV, IRR, sensitivity analysis, real options, break-even analysis and optimization techniques for advanced capital budgeting processes.
Target audience will gain confidence in preparing budgets embracing Microsoft Excel tools and processes; and in proposing further outreach improvements in budgeting of the organization in question. This course is recommended for people working in finance, business planning and management.
Course Objectives:
At the end of the Advanced Budgeting Training Program, participants will be able to:
- Build budget templates and models for their departments or organizations.
- Develop and implement a successful budgetary control system
- Understand the differences between traditional and modern approaches to budgeting so that you can develop an appropriate approach that would suit your environment
- Get acquainted with techniques and tools like forecasting, that are necessary to develop a realistic budget
- Conduct variance analysis explaining the differences between projection and achievement
- Design a comprehensive budget using the approach of your choice along with tools that you will be introduced to at the course
- Apply several forecasting techniques to better manage uncertainties in budgeting.
- Assess capital budgeting decisions using several methods and recommend proper action.
- Utilize Microsoft Excel functions and tools in the budgeting process.
- Evaluate the budgeting process in their organization and recommend improvements.
Who Should Attend?
This Advanced Budgeting Training Course is Ideal for:
- Managing Directors
- Financial Controllers
- Business Development Managers
- Business Planning Managers
- Finance Managers (in various functions)
- Business Unit/Operational Managers
- Management Accountants
- Business Analysts
- Financial Analysts
- Capital Planning Professionals
- Treasury Personnel
Course Outlines:
Budgeting and Planning
- The Budget and the Functions of Management.
- Budget as a Planning Tool.
- Budgets and the Key Financial Statements.
- Top-Down versus Bottom-Up Process.
Budget Cycle, Process, and Approaches
- The Budget Cycle
- The Characteristics of Successful Budgeting.
- Making the Budget a Value-Adding Activity.
- Top Ten Problems with Budgeting.
- Choosing the Proper Budgeting Approach:
- Incremental Budgeting.
- Zero-Based Budgeting.
- Flexible Budgeting.
- Kaizen Budgeting.
- Activity-Based Budgeting.
- Rolling (Continuous) Budgets and Forecasts.
- The Master Budget and its Components.
- Operating and Capital Budgets.
- Best Practices in Budgeting.
- Creating a User-Friendly Template.
Forecasting Techniques
- Forecasting Models.
- Qualitative and Quantitative Methods.
- Steps in Developing Forecast Models.
- Time Series and Trend Analysis.
- Data Conditioning Techniques.
- Exponential Smoothing and Moving Averages.
- Simple and Multiple Regression Analysis.
Advanced Capital Budgeting Evaluation Techniques
- Business Risk and Cost of Capital.
- Classifying Investment Projects.
- Cash Flow Estimation.
- Analysing Investment and Operating Cash Flows.
- Time Value of Money Concept.
- The Required Rate of Return.
- Net Present Value (NPV).
- Internal Rate of Return (IRR).
- Multiple Internal Rates of Return.
- Modified Internal Rate of Return (MIRR).
- Profitability Index (PI).
- Pay-Back Period and Discounted Pay-Back Period.
- Capital Rationing.
- Comparing and Evaluating Techniques.
- Sensitivity and Risk Analysis.
Breakeven Analysis and Optimization Techniques
- Cost-Volume-Profit (CVP) Analysis.
- Using CVP to Reach a Target Income.
- Single Product and Multiple Products Breakeven Analysis.
- Working with Budget Constraints.
- Building Optimization Models.
see more: Advanced Business and Financial Reporting Using Excel Course