Certificate in Advanced Budgeting and Forecasting

Why Attend

This course is a second-level budgeting course. It goes beyond the theory of budgeting as a concept to cover specific steps to make the budget a value-added process in the organization. By building user-friendly models and applying scenario analysis, participants can spend less time gathering data and more time analyzing this data for decision-making. Several Microsoft Excel tools are used throughout this course for practicality and to provide participants with the skills they need to apply in their organization immediately. Such tools include 'what-if' analysis and the 'solver', among many others.

The course also highlights some of the leading forecasting models and provides a detailed evaluation of capital budgeting techniques, all of which are applied in Microsoft Excel and put into practice.

Course Methodology

The course is a hands-on application on how to use MS Excel in budgeting and forecasting. Participants will be involved in exercises, individual and group presentations, and will work on several case studies.

Course Objectives

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

• Evaluate the financial impact on their organization's strategies and plans
• Build effective budgets for their departments or organizations
• Apply several forecasting techniques to manage uncertainties in budgeting better
• Assess capital budgeting decisions using several methods and recommend proper action
• Utilize Microsoft Excel functions and tools in the budgeting process, including breakeven analysis and optimization

Target Audience

Finance directors, managers, controllers, accountants, budget analysts, budget owners and professionals who wish to expand their budgeting knowledge.

Target Competencies

• Budgeting
• Forecasting
• Evaluating proposals
• Applying Microsoft Excel functions and tools
• Assessing budgeting process

Note

This is a hands-on training course using laptops which will be provided by Plus for the duration of the course.