Integrating Budgeting, Forecasting and Business Planning Training Course
Accounting, Finance and Budgeting Training

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Integrating Budgeting, Forecasting and Business Planning Training Course
Course Overview:
This Integrating Budgeting, Forecasting, and Business Planning Training Course is designed to help participants create integrated budgeting, forecasting, and reporting systems and practices that enhance decision-making capability.
It addresses issues like cost drive, plan formation of a strategy and tactics, and activity based budgeting and forecasting. Important practical knowledge and skill on financial analysis are practised, including: analysis of historical data using Excel, regression and time series models.
Capital budgeting techniques, cost management as well as project appraisals’ methods such as NPV, IRR, Payback models are also studied. Specifically designed for accountants, financial planners or line managers, this training encourages the organizations to optimize their planning so as to enhance their profitability.
Course Objectives:
At the end of this Integrating Budgeting, Forecasting, and Business Planning Training Course the participants will be able to:
- Build integrated planning, budgeting, and reporting process
- Improve their budgeting/financial skills required for better decision-making
- Understand cost behavior more accurately
- Deliver more timely and useful information to decision-makers
- Explain typical costing and budgeting terminology used in business
- Improve their management abilities
- Increase their understanding of forecasting and budgeting techniques
- Understand the problems of overheads and how Activity-Based Analysis may aid decision-making and pricing strategies
- Contribute to the implementation of change in the organization
- Facilitate the elimination of non-value activities and the reduction of costs within your organization
- Understand cost behavior and patterns
- Ensure that processes of business planning, budgeting, and management reporting are robust in themselves and suitable for their organization
Who Should Attend?
This Integrating Budgeting, Forecasting, and Business Planning Training Course is ideal for:
- Accountants responsible for budget preparation and management reporting
- Process professionals who require a more in-depth understanding of integrated planning and budgeting techniques
- Financial Planners and Cost Analysts
- Line heads with direct planning and budgeting responsibility
- Professional advisers
- Account Personnel and Business Consultants
Course Outlines:
Budgets and Strategy in Today’s International Environment
- Organizational planning framework
- The product/information / decision support cycle
- Strategic, tactical, and operational forecasts
- The strategic approach to business planning
- Various strategic and tactical approaches to business planning
- The international business environment
The Business Plan and Budget Development
- Developing the business plan
- Identification of key value drivers
- Achieving objectives
- Zero base budgeting
- Activity-based budgeting
- Developing the Cash Budget
Analyzing the Applicability of Historical Data Using Excel
- Problems of forecasting
- Using historical data to help predict the future
- Forecasting
- Development of Time Series Models
- Using Regression Analysis as a predictor and estimator
- Mastering the use of Exponential Smoothing as a Data Analysis tool
Using Activity-Based Budgeting and Cost Analysis Techniques
- Cost behavior and breakeven analysis
- Activity-based costing
- Budgeting for Processes rather than Departments
- Defining Key Cost Drivers
- Defining Key Activities
- Developing the Activity-Based Budget
Capital Budgeting and Project Appraisal
- Identify the various types of capital projects
- Discuss the capital project evaluation process
- The impact time has on the value of money
- Using WACC and ROIC as benchmarks
- Development of the "Hurdle Rate" for capital projects
- Evaluate capital projects by applying NPV, IRR, and ARR Payback model
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