The “advanced budgeting workshop” empowers participants to understand and undertake budgeting by making use of methodology that will guarantee ideal outputs Participants will be equipped with all the tools and techniques they need to become a better manager in this work area and to be able to bring the best out of their team using the skills and knowledge provided in this program. The managers will also be able to ensure improved overall results in the organization for a successful tomorrow.

This training program has been planned out keeping in mind both the traditional and up to the minute trends and requirements of the given field. This makes the course an ideal learning opportunity for all of its participants. Please make a note that a custom proposal can also be acquired, if you have different training requirements for your team.

 

Who Should Attend?

If you are holding one of the following positions, this program is most definitely for you: Accountants, finance directors, budget analysts, managers, controllers, budget owners and professionals who wish to expand their budgeting knowledge.

Course Objectives

By taking this course you will be able to:

  • Create budget templates and models for your departments and/or organizations
  • Make use of several forecasting methods to manage uncertainties in budgeting in a far better way
  • Assess money budgeting decisions by means of several methods and recommend proper action
  • Utilize Microsoft Excel functions and tools in the budgeting process
  • Assess the planning process in their organization and recommend improvements

 

Course Outline

Module-I

  • Budgeting and Preparation
  • Budgets and the Key Financial Statements
  • Top-Down versus Bottom-Up Process
  • Budget Cycle, Process and Approaches
  • The Budget and the Functions of Management
  • Budget as a Planning Tool
  • The Budget Cycle

Module-II

  • The Features of Successful Budgeting
  • Making the Budget a Value-Added Activity
  • Top Ten Problems with Budgeting
  • Choosing the Proper Budgeting Approach:
  • Incremental Budgeting
  • Zero-Based Budgeting
  • Flexible Budgeting
  • Kaizen Budgeting
  • Activity-Based Budgeting

Module-III

  • Creating a User-Friendly Template
  • Forecasting Techniques
  • Rolling (Continuous) Budgets and Forecasts
  • The Master Budget and its Components
  • Operating and Capital Budgets
  • Best Practices in Budgeting
  • Forecasting Models
  • Qualitative and Quantitative Methods
  • Steps in Developing Forecast Models

Module-IV

  • Analyzing Investment and Operating Cash Flows
  • Time Value of Money Concept
  • 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

Module-V

  • 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

Module-VI

  • Sensitivity and Risk Analysis
  • Breakeven Analysis and Optimization Techniques
  • Cost Volume Profit (CVP) Analysis
  • Budget as a Control Tool
  • Variance Analysis
  • Using CVP to Reach a Target Income
  • Single Product and Multiple Products Breakeven Analysis
  • Working with Budget Constraints
  • Building Optimization Models
  • Management Budget Reports
  • Tracking the Budgets

Course Curriculum

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PRIVATE COURSE
  • PRIVATE
  • 10 Days
0 STUDENTS ENROLLED
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