Advanced Budgeting, Planning & Forecasting




15th to 26th Jan 2024


12th to 23rd Feb 2024


18th to 29th March 2024


15th to 26th April 2024


20th to 31st May 2024


17th to 28th June 2024


15th to 26th July 2024


19th to 30th Aug 2024


16th to 27th Sept 2024


14th to 25th Oct' 2024


18th to 29th Nov' 2024


9th to 20th Dec 2024


Two of the most crucial responsibilities that give direction and financial goals for a corporation are forecasting and budgeting. This Advanced Budgeting, Planning, and Forecasting program gives a broad overview of the necessary tools and abilities to incorporate world-class standards into your planning, budgeting, performance measurement, and reporting system. It also introduces fresh ideas for measuring and reporting performance in order to increase shareholder wealth creation or deliver value for money.

Training Objectives

By the Advanced Budgeting, Planning and Forecasting course, delegates will be able to understand:

  • Apply management tools to the budgeting process that contribute to strategic goals
  • Develop ways to increase profitability and performance through streamlined planning and reporting
  • Effectively manage the budgeting process
  • How to implement advanced planning and control techniques into your budgeting process
  • Identify key performance indicators for effective and focused decision making
  • Know how to forecast costs and revenues with greater confidence
  • Know how to integrate the budgeting process with the development of the company’s long-term strategic vision
  • Know how to provide a decision support structure that provides timely and useful information to decision makers
  • Successfully build integrated planning, budgeting and reporting process


  • All professionals responsible for budget preparation and management reporting
  • All process owners who require a more in-depth understanding of integrated planning and budgeting techniques,
  • Personnel wanting to understand more about Financial planning and cost analysis
  • Anyone with direct planning and budgeting responsibility, as well as managers, budget holders, advisors, accountants and business consultants

Course Contents

Module 1 -Budgets in Today's International environment

  • Organizational Planning and Control Framework
  • The Product / Information / Decision Support Cycle
  • Strategic, Tactical, and Operational Forecasts
  • The purpose of planning and budgeting in business
  • Defining the strategic approach to business planning
  • Building the strategic planning model using financial data
  • Various strategic and tactical approaches to business planning
  • Defining the Decision-Support model: Assumptions/Goals and Key Success Factors

Module 2 - Budgeting and Planning

  • The budget and the functions of management
  • Budget as a planning tool
  • Budgets and the key financial statements
  • The top-down versus bottom-up process
  • Budget cycle, process, and approaches
    • The budget cycle
    • 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

Module 3 - Approaches to Budget Development

Types of Budgets
  • Zero Base Budgeting
  • Activity-based Budgeting
  • Rolling Budgets
  • Operational Unit Budgeting
  • Programme budgeting
  • Developing the Cash Budget
  • Using Activity-Based Budgeting
    • Developing the ABB application model
    • Budgeting for Processes rather than Departments
    • Defining Key Cost Drivers
    • Defining Key Activities
    • Development of ABB Cost Standards
    • Developing the Activity-Based Budge

Module 4 - Forecasting Techniques

  • Identifying fixed, variable and semi-variable costs
  • Application of Regression in the development of budgets
  • Building the financial simulation model using articulated financial statements
  • Building the financial simulation model using simulation
  • Forecasting models
  • Qualitative and quantitative methods
  • Steps in developing forecasting models
  • Data conditioning techniques
  • Exponential smoothing and moving averages
  • Simple and multiple regression analysis

Module 5 - Advanced Capital Budgeting Evaluation Techniques

  • Business risk and cost of capital
  • Classifying investment projects
  • Cash flow estimation
  • Analyzing investment and operating cash flows
  • The 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)
  • Payback period and discounted payback period
  • Capital rationing
  • Comparing and evaluating techniques
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