This is where this course on Advanced Budgeting training adds value. It will take you through various approaches and metrics in a simple and practical manner so that you can reinforce your knowledge and apply it in practice.

Continuous use of spreadsheets will lead to a better understanding of the subject matter. The course will conclude with solving a case study on developing a comprehensive budget

By the end of the Advanced Budgeting Training Program, participants will be able to:

• Build budget templates and models for their departments or organizations.
• Develop and implement a successful budgetary control system
• Understand the differences between traditional and modern approaches to budgeting so that you can develop an appropriate approach that would suit your environment
• Get acquainted with techniques and tools like forecasting, that are necessary to develop a realistic budget
• Conduct variance analysis explaining the differences between projection and achievement

• Design a comprehensive budget using the approach of your choice along with tools that you will be introduced to at the course
• Apply several forecasting techniques to better manage uncertainties in budgeting.
• Assess 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.

This Advanced Budgeting Training Course is Ideal for:

• Managing Directors
• Financial Controllers
• Business Development Managers
• Business Planning Managers
• Finance Managers (in various functions)
• Business Unit/Operational Managers
• Management Accountants
• Business Analysts
• Financial Analysts
• Capital Planning Proffessionals
• Treasury Personnel

Day 1

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.

Day 2

Budget Cycle, Process and Approaches

• The Budget Cycle
• The Characteristics of Successful Budgeting.
• Making the Budget a Value-Adding Activity.
• Top Ten Problems with Budgeting.
• Choosing the Proper Budgeting Approach:
• Incremental Budgeting.
• Zero-Based Budgeting.
• Flexible Budgeting.
• Kaizen Budgeting.
• Activity-Based Budgeting.
• Rolling (Continuous) Budgets and Forecasts.
• The Master Budget and its Components.
• Operating and Capital Budgets.
• Best Practices in Budgeting.
• Creating a User-Friendly Template.

Day 3

Forecasting Techniques

• Forecasting Models.
• Qualitative and Quantitative Methods.
• Steps in Developing Forecast Models.
• Time Series and Trend Analysis.
• Data Conditioning Techniques.
• Exponential Smoothing and Moving Averages.
• Simple and Multiple Regression Analysis.

Day 4

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.
• 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.
• Sensitivity and Risk Analysis.

Day5

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.

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration