The Complete Course on Budgeting Course
Accounting, Finance and Budgeting Training
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The Complete Course on Budgeting Course
Course Overview:
The Complete Course on Budgeting teaches the learners crucial techniques towards achieving finance planning, budgeting and financial forecasting.
Important areas covered include, strategic planning, budgeting methods and CAPEX. Participants will understand the processes for developing operational budgets and capital budgets, as well as forecasting models and designing of various budgeting frameworks such as activity based budgeting.
Some of the aspects dealt with include budget control, variance analysis, and appraisal of capital investment projects under risk. However, as the audience will learn, effective budgeting is achieved only when it has been aligned with the strategic objectives. Perfect for finance specialists, accountants as well as managers, this course enables the learners to enhance budget control and the overall organisation’s financial performance.
Course Objectives:
By the end of the Complete Course on Budgeting training Course, participants will be able to:
- Develop Forecasting Skills
- Prepare Operational & Capital Budgets Effectively using the Latest Techniques
- Develop the appropriate techniques for effective budgeting as part of the planning process
- Design various budgeting models for all elements of a budget
- Explain 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
- Manage and Control Budgets in an Effective and Flexible Manner
- Make Budgeting Decisions
- Evaluate Capital Investment Opportunities Highlighting and Managing the Major Risks
Who Should Attend?
The Complete Course on Budgeting is ideal for :
- Professionals Who Work with Budgets
- Finance Professionals
- Accountants
- Departmental Managers
- Team Leaders
Course Outlines:
Strategic Planning
- Why strategy comes before the budget
- The strategic planning process
- Developing 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?
- Strategic role of forecasting
- The forecasting process
- 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
