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Budgeting and Forecasting

Budgeting and Forecasting

In this Budgeting & forecasting seminar, you will explore the basic essentials of budgeting including a generic step-by-step process. At the same time, you will also be enabled to explore newer developments that focus on the modern budgetary tools that have emerged during the last decade or so. Budgeting creates strong views among management professionals, with its real value and usefulness becoming grounds for debate. Some management systems see budgeting as a key discipline without which financial confusion would result. Others see budgeting as out of date - quite unsuitable to the rapidly changing business world of the 21st century when so much business value comes from so-called “intangible” activities of the knowledge age.


Next Schedule: December 17, 2015

Max number of participants: 15

Why take it online?
  • Attend the class at the comfort of your home
  • Recorded Online Sessions
  • Join the class anywhere you are
  • Convenient training without the hassle of traveling


Next Schedule: TBA

Max number of participants: 25

Student Program

  • High School / College Level / Post Graduate
  • Based on school curriculum
  • Flexible schedules
  • Anything and everything about taxation, finance & accounting
  • Available on online or classroom type

Business Program

  • One-on-one Sessions
  • Customized
  • Flexible schedule
  • Industry-specific
  • Basic to advanced levels
  • Tailor fit to your career or company requirements
  • Available on online or classroom type

Entrepreneurs Program

  • Lesson plan and exercises will be constructed based on your needs
  • Industry-specific
  • Basic to advanced levels
  • Tailor fit to your career or company requirements
  • Recommended for entrepreneurs, new business owners or basically any individual who has no background in accounting but is faced with accounting and finance tasks.

Next Schedule: TBA

Max number of participants: 15

What is Onsite Training?

Onsite training or in-house training is defined as any training that is held in company premises in order to educate, develop or improve employees’ skills. This involves all technical and soft skills courses that serve for this purpose.

What are the advantages of Onsite Training over Public Run trainings?
  • Save time and travel costs
  • Customize content to your specific needs
  • Increased price savings as the group gets larger
  • Schedule at your convenience
  • Facilitator can discuss your specific requirement
  • More comfortable learning environment
  • Promote teamwork & camaraderie among workers
  • Employees remain on site in case of an emergency
  • Problems can be openly discussed
  • Protect company privacy


Next Schedule: TBA

Max number of participants: 25

Topics Covered

Why do we budget?
  • Information for sources on capital
  • Investor expectations
  • Planning, control and improvement
  • Financial planning
Are our budgets doing what we need them to do?
  • The importance of diagnosis
  • The view of industry -recent evidence
The role of the rolling forecast
  • Why have a rolling forecast?
  • What has to roll?
  • The information needed to make it happen
  • Creating a forecast for revenue and expenditure
  • Using a rolling forecast as a catalyst for change
  • Its partnership with performance measurement systems

Learning Outcome

  • Apply management tools for strategic budgeting and accounting
  • Implement the concepts of Activity Based Budgeting (ABB) and Activity Based Costing (ABC)
  • Take advantage of the ‘Beyond Budgeting’ model and other new developments in budgeting
  • Implement practical steps to plan a budget
  • Apply different budgetary techniques
  • Enhance your budget process through appropriate KPIs
  • Successfully forecast, monitor and streamline the budgeting process
  • Examine cost analysis and control overhead costs
  • Align budgeting more effectively with your business strategy and closely-related financial principles

Target Audience

  • New finance professionals and non-finance managers who need to develop a practical understanding of relevant budgeting and forecasting techniques
  • Professionals seeking to align budgeting more effectively with closely related financial disciplines.
  • Any individual who is, or soon will be, actively involved in budgeting and who want to understand how to make this management tool work to best effect in their organization
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