Advanced Budgeting Training

Finance and Budgeting

Course Info

Duration: 1 Week

Available Dates

Venue

Course Details

Course Outline

5 days course

 

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
  • 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.

 

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.

 

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.

 

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.

Course Video