Budgeting Masterclass Training Course
Accounting, Finance and Budgeting Training
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Budgeting Masterclass Training Course
Course Overview:
The Budgeting Masterclass Course equips the participants with the competencies to efficiently prepare, create, and manage budgets in institutions. At the close of the training, the participants will be able to implement different forms of budgeting including activity-based budgeting and will be able to design models for different components of the budget.
Linking budget formulation to strategic management, forecasting and evaluation of financial targets are additional aspects they will be taught. Training modules include demand forecasting, development of a master budget, variance investigation and capital budgeting concepts.
Such course is appropriate for people who wish to upgrade their financial management capabilities, beginners of budgeting abridging professionals who are interested to improve their financial structures.
Course Objectives:
At the end of this Budgeting Masterclass Course, you will able to:
- Build up the appropriate methods for effective budgeting as part of the planning process.
- create multiple budgeting models for all elements of a budget.
- Understand the use of activity-based budgeting, compared with other budgeting methods
- Develop and effectively control budgets.
- Provide budgeting knowledge that can be shared for the benefit of your company.
Who Should Attend?
This Budgeting Masterclass Training Course is Ideal for:
- People who want to manage their finances better, but don't know where to start.
- Someone interested in learning how to enhance their current financial framework.
- Anyone who wants to objectively manage and analyze their financial goals.
Course Outlines:
Strategic Planning
- Why strategy comes before the budget.
- The process of strategic planning.
- Building up a strategic plan.
- Strategic planning tools.
- Where are we now, and where do we want to be?
- Linking the budget with the strategy.
Forecasting
- What is forecasting?
- The strategic role of forecasting.
- The forecasting processes.
- Forecasting demand.
- Sales forecasting using various methods in Excel©.
- Qualitative and Quantitative Forecasting Methods.
Budgeting
- What is a budget.
- Budgeting and the Management Process.
- Budgeting framework.
- How to evaluate budgeting software.
- Budget preparation.
- Building the master budget.
Using a budget as a management tool
- Linking strategic planning, forecasting budgeting, and reporting.
- Budget cost behavior.
- Budget cost, volume, profit (CVP), and break-even analysis.
- Sensitivity & What-If Analysis.
- Budgetary Control.
- Variance Analysis.
Capital Budgeting (CAPEX)
- Capital budgeting principles.
- Raising finance.
- Weighted Average Cost of Capital (WACC).
- Methods of Evaluating Capital Investment Projects.
- Comparing different projects and their returns.
- Capital Rationing.
see more: Business and Financial Modelling Course
