Course description
Budgeting plays an important role in the effective utilization of available resources in order to achieve overall objectives of an organization. It provides a means of controlling income and expenditure of a business. It gives a plan for spending
The Complete Course on Budgeting, offers theoretical background and also the practical tools and techniques necessary for the development of budgeting systems and their related functions. It will also provide opportunity for delegates to focus on developing and enhancing their knowledge and practical application of all the concepts, processes, and techniques involved in budgeting for optimal performance.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
The Complete Course on Budgeting is ideal for :
- Professionals Who Work with Budgets
- Finance Professionals
- Accountants
- Departmental Managers
- Team Leaders
Outcome / Qualification etc.
At the end of The Complete Course on Budgeting, you 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
Training Course Content
Day 1
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
Day 2
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
Day 3
Budgeting
- What is a budget
- Budgeting and the Management Process
- Budgeting framework
- How to evaluate budgeting software
- Budget preparation
- Building the master budget
Day 4
Using a budget as a management tool
- Linking strategic planning , forecasting budgeting and reporting
- Budget cost behaviour
- Budget cost, volume, profit (CVP) and break-even analysis
- Sensitivity & What-If Analysis
- Budgetary Control
- Variance Analysis
Day 5
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
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...