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The programme enables delegates to understand and undertake budgeting using methodology that will guarantee superior outputs. The training program outline is up to date and pertinent to marketplace requirements, thus catering well to all analytical prediction of training needs in the specified area. A customised proposal can also be arranged, to suit the training requirement of your team.

Who Should Attend?

Finance directors, managers, controllers, accountants, budget analysts, budget owners and professionals who wish to expand their budgeting knowledge.

Course Outline

Module-I

  • 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

Module-II

  • The Characteristics of Successful Budgeting
  • Making the Budget a Value-Added Activity
  • Top Ten Problems with Budgeting
  • Choosing the Proper Budgeting Approach:
  • Incremental Budgeting
  • Zero-Based Budgeting
  • Flexible Budgeting
  • Kaizen Budgeting
  • Activity-Based Budgeting

Module-III

  • 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

Module-IV

  • 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

Module-V

  • 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

Module-VI

  • 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
  • Management Budget Reports
  • Tracking the Budgets
  • Budget as a Control Tool
  • Variance Analysis

Course Objectives

By the end of the program, participants will be able to:

  • Build budget templates and models for their departments or organizations
  • Apply several forecasting techniques to better manage uncertainties in budgeting
  • Evaluate 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

General Notes

  • All our courses can be facilitated as Customized In-House Training course.
  • Course duration is flexible and the contents can be modified to fit any number of days.
  • As for Open Enrolment Courses, we offer our clients the flexibility to chose the location, date, and time and our team of experts who are spread around the globe will assist in facilitating the course.
  • The course fee includes facilitation, training materials, 2 coffee breaks, buffet lunch and a Certificate of successful completion of Training.
  • FREE Consultation and Coaching provided during and after the course.


Participant Testimonials

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Course Curriculum

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