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 online 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.

This comprehensive training course consists of two modules which can be booked as a 5-Day Online Training event, or as individual, 3-Day or 2-Day online training courses.

Module 1: An Integrated Approach to Financial and Business Planning

Module 2: Forecasting and Cost Analysis Techniques

By attending this Anderson online 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 online 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

• Organisational planning frameworks for strategic and tactical approaches to business planning
• The international business environment
• Corporate objectives and key value drivers, and development of business and financial plans
• Operating budgets, zero-based budgets, activity-based budgets
• The cash flow budget
• Flexed budgets and variance analysis for budgetary control
• Identification of the various types of capital projects and capital budgeting
• The time value of money impact on future values of cash flows and capital project evaluation
• WACC and ROI as benchmarks and the ‘hurdle rate’ for capital projects
• Capital project evaluation using ARR and payback, and DCF techniques of NPV, IRR, MIRR

• Problems associated with forecasting
• Use of historical data to help predict the future
• Consideration of alternative forecasting techniques
• Development of time series models
• Regression analysis as a predictor and an estimator
• Use of exponential smoothing as a data analysis tool
• Cost behavior, cost analysis and cost-volume-profit analysis
• Alternative methods of costing: full absorption costing and marginal costing
• Process analysis, defining key activities and key cost drivers
• Activity based costing (ABC) and activity-based budgeting (ABB)

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