The Complete Course on Budgeting

In today’s business environment, successful budgeting is more important than ever. The Complete Course on Budgeting training course addresses all your budgeting needs, teaching you how to forecast revenues and costs, prepare and manage budgets, and use them for strategic decision-making that drives profitability and sustainability. You will develop expertise in managing both Operational and Capital Budgets, and gain insight into how budgets and forecasts support effective strategic planning and development. This course offers significant value to participants at all levels of an organization, equipping them with essential knowledge and skills for personal and organizational growth.

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

• Develop forecasting skills
• Prepare Operational & Capital Budgets effectively using the latest techniques
• Manage and Control Budgets in an effective and flexible manner
• Make budgeting decisions
• Evaluate Capital Investment opportunities highlighting and managing the major risks

The Anderson training course is designed for a wide range of professionals involved in the budget process, including, but not limited to:

• Professionals who work with Budgets
• Finance professionals
• Accountants
• Departmental Managers
• Team Leaders

• Why Strategy comes before the Budget
• The Strategic Planning Process
• Developing a Strategic Plan
• Evaluating the Legal, Economic, Political & Social Environment
• Strategic Planning Tools
• Linking the Budget with the Strategy

• What is Forecasting?
• Strategic Role of Forecasting
• The Forecasting Process
• Qualitative and Quantitative Forecasting Methods in Excel©
• Forecasting Demand, Revenue & Costs
• Dealing with the Limitations of Forecasts

• What is a Budget ?
• The Benefits & Limitations of Budgets
• Budget Methods – incremental, zero-based, rolling budgets and Activity Based Budgeting
• Budgeting and the Management Process
• Preparing Departmental Budgets from Forecasts
• Building the Master Budget

• Linking Strategic Planning, Forecasting Budgeting and Reporting
• Budget Cost, Volume, Profit (CVP) and Break-Even Analysis
• Managing Fixed and Variable Costs
• Sensitivity & What-If Analysis
• Budgetary Control
• Variance Analysis

• Capital Budgeting Principles
• Raising Finance
• Weighted Average Cost Of Capital (WACC)
• Methods of Evaluating Capital Investment Projects
• Comparing Different Projects And Their Returns
• Managing Financial Risk

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