Integrating Budgeting,
Forecasting & Business Planning

If companies intend to succeeded within today’s turbulent markets their Business Plans must be look at carefully and constantly integrated with Budgeting, Forecasting and Cost Analysis. This Anderson training course will provide not only the theoretical background but also the necessary skills to build world class standards into your planning, budgeting, performance measurement and reporting system. By combining techniques analysis, problems and examples with case studies, the training course provides delegates with the key concepts and the practical skills that are essential in managing and controlling processes and projects, as well as units and departments, in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost tracking.

By attending this Anderson training course, delegates will be able to:

• Understand the integration among planning, budgeting and costing
• Appreciate cost behavior and cost allocation
• Improve budgeting and financial skills to take better decision
• Understand capital budgeting and project appraisal
• Design reports and KPIs for measuring performances

This Anderson training course is designed for anyone involved in the budget and business planning process within their organization. It is equally appropriate for those who manage projects and who wish to have a greater understanding of how budgets, business plans, and projects interlink. This training course is suitable to a wide range of professionals who have budgetary control and are involved in the business planning process, including, but not limited to:

• Professionals who require a more in-depth understanding of integrated planning & budgeting techniques
• Accountants responsible for budget preparation & management reporting
• Financial Planners and Cost Analysts
• Line heads with direct planning and budgeting responsibility
• Professional advisers, Account Personnel and Business Consultants

• 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

• Developing the business plan
• Identification of key value drivers
• Achieving objectives
• Zero base budgeting
• Activity based budgeting
• Developing the Cash Budget

• 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

• Cost behaviour and breakeven analysis
• Activity based costing
• Budgeting for Processes rather than Departments
• Defining Key Cost Drivers
• Defining Key Activities
• Developing the Activity-Based Budget

• 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, ARR Payback model

Anderson Certificate of Completion will be provided to delegates who attend and complete the course