Integrating Budgeting, Forecasting & Business Planning Training Course

Schedules Introduction Objectives Training Methodology Who Should Attend? Outline

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Course Description

INTRODUCTION

This Integrating Budgeting, Forecasting & Business Planning training course will provide not only the theoretical background but also the necessary skills to build world class standards into your planning, budgeting, performance measurement and reporting system. This training course will concentrate on imparting to delegates how to learn the concepts, processes, and techniques of budgeting and business planning in order to be better able to carry out their budgeting and business planning tasks and responsibilities.

By combining techniques analysis, problems and examples with real case studies the training course provides delegates with key cost awareness and budgetary skills, which is essential in managing and controlling processes/projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis.

This GLOMACS training course will feature:

Budgets and Strategy in Today’s International Environment
The Business Plan and Budget Development
Analysing the Applicability of Historical Data Using Excel®
Using Activity-Based Budgeting and Cost Analysis Techniques
Capital Budgeting and Project Appraisal

Objectives

By the end of this training course, participants will be able to:

Build an integrated planning, budgeting and reporting process
Understand costs behaviour more accurately
Deliver more timely and useful information to decision makers
Improve you the budgeting/financial skills required for better decision-making
Appreciate the need to link projects within budgets

Training Methodology

This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This will include presentations delivered in a highly participative style with discussion, practical exercises and team-based case studies.

The training course will provide the practical tools and techniques necessary for the development of budgets, forecasts and business plans. It will provide a real-world practical context by incorporating worked examples, and Excel© models so that you will see how theory applies in practice and discuss the various issues raised.

WHO SHOULD ATTEND?

This training course is designed for anyone involved in the budget and business planning process within their organisation. It is equally appropriate for those who manage projects and who wish to have a greater understanding of how budgets, business plans, and projects interlink.

This GLOMACS Integrating Budgeting, Forecasting & Business Planning training course is suitable to a wide range of professionals who have budgetary control and are involved in the business planning process, including, but not limited to:

Professionals who require a more in-depth understanding of integrated planning & budgeting techniques
Accountants responsible for budget preparation & management reporting
Financial Planners and Cost Analysts
Line heads with direct planning and budgeting responsibility
Professional Advisers, Account Personnel and Business Consultants

Course Outline

DAY 1

Budgets and Strategy in Today’s International Environment

Organizational planning framework
The product / information / decision support cycle
Strategic, tactical and operational forecasts
The strategic approach to business planning
Various strategic and tactical approaches to business planning
The international business environment

DAY 2

The Business Plan and Budget Development

Developing the business plan
Identification of key value drivers
Achieving objectives
Zero base budgeting
Activity based budgeting
Developing the Cash Budget

DAY 3

Analysing the Applicability of Historical Data Using Excel®

Problems of forecasting
Using historical data to help predict the future
Forecasting
Development of Time Series Models
Using Regression Analysis as a predictor and estimator
Mastering the use of Exponential Smoothing as a Data Analysis tool

DAY 4

Using Activity-Based Budgeting and Cost Analysis Techniques

Cost behaviour and breakeven analysis
Activity based costing
Budgeting for Processes rather than Departments
Defining Key Cost Drivers
Defining Key Activities
Developing the Activity-Based Budget

DAY 5

Capital Budgeting and Project Appraisal

Identify the various types of capital projects
Discuss the capital project evaluation process
The impact time has on the value of money
Using WACC and ROIC as benchmarks
Development of the "Hurdle Rate" for capital projects
Evaluate capital projects by applying NPV, IRR, ARR Payback model

Certificates

On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance

Providers and Associations

Endorsed Education Provider

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

Options & Brochure

Related Categories

Finance & Budgeting

Frequently Asked Question:

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Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Does GLOMACS offer customized training for organizations?

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

How can I register for a GLOMACS course?

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

An Interactive 5-Day Training Course

Integrating Budgeting, Forecasting & Business Planning