Budgeting Masterclass Training

Finance and Budgeting

Course Info

Duration: 1 Week

Available Dates


Course Details

Course Outline

5 days course


Strategic Planning


  • Why strategy comes before the budget.
  • The process of strategic planning.
  • Building up a strategic plan.
  • Strategic planning tools.
  • Where are we now, and where do we want to be?
  • Linking the budget with the strategy.




  • What is forecasting?
  • Strategic role of forecasting.
  • The forecasting processes.
  • Forecasting demand.
  • Sales forecasting using various methods in Excel©.
  • Qualitative and Quantitative forecasting methods.




  • What is a budget.
  • Budgeting and the Management Process.
  • Budgeting framework.
  • How to evaluate budgeting software.
  • Budget preparation.
  • Building the master budget.


Using a budget as a management tool


  • Linking strategic planning, forecasting budgeting and reporting.
  • Budget cost behaviour.
  • Budget cost, volume, profit (CVP) and break-even analysis.
  • Sensitivity & What-If Analysis.
  • Budgetary Control.
  • Variance Analysis.


Capital Budgeting (CAPEX)


  • Capital budgeting principles.
  • Raising finance.
  • Weighted Average Cost of Capital (WACC).
  • Methods of Evaluating Capital Investment Projects.
  • Comparing different projects and their returns.
  • Capital Rationing.

Course Video