Objectives of this Budgeting and Forecasting Process, Tools and Techniques course are to ensure that the participants:

• Appreciate the importance of effective budget preparation and financial planning
• Understand Various sources of finance with their utilisation, based on the cost of capital
• Take sound investment decisions based on proper appraisal
• Obtain an overview of the financial statements and management reports to evaluate the company’s performance
• Review key performance analysis applicable to business
• Prepare competitor analysis, market trends, and related explanations for top-level discussions
• Understand cost behaviour and its effect on financial planning
• Assess usage of ERP systems and other budgeting tools
• Understand various types of budgets and use the one most suited to the organization
• Use financial modeling to forecast the profitability and cash flows with sensible assumptions
• Understand the different components of working capital and reduce the operating cycle
• Get equipped to manage and control budgets and forward plans
• Understand the best practice in financial planning and management

This collaborative Budgeting and Forecasting Process, Tools and Techniques Course, will comprise the following training methods: Lectures, Seminars & Presentations, Group Discussions, Assignments, Case Studies & Functional Exercises. Solid State Training follows the ‘Do-Review-Learn-Apply’ model.

Companies who nominate their employees to participate in this Budgeting and Forecasting Process, Tools and Techniques Course can benefit the organisation in the following ways:

• Know the theory and merits of a proper corporate financial planning process
• Align the planning process with the overall strategic plan of the organisation
• Perform proper investment appraisal to optimize return on investment
• Estimate fund requirements and understand the concept of cost of capital for additional fundraising
• Ensure a reasonable balance between inflows and outflows of funds to maintain a healthy liquidity position
• Evaluate financial statements and measure own performance in comparison with the market trend
• Understand various types of budget and see what suits the organisation most
• Understand components of the budget with clear differentiation between revenue and capital expenditure
• Allocate budget smartly based on each division’s requirements
• Recognise cost behaviour for better analysis and identify areas for cost-cutting
• Assess working capital requirements and reduce the operating cycle
• Maintain a fine balance between inventory, debtors, and creditors

Upon completion of this Budgeting and Forecasting Process, Tools and Techniques course, individuals attending the course will be able to:

• Grasp key accounting concepts and apply the same for financial planning purposes
• Evaluate the capital structure, understand equity and debt capital, and calculate the cost of capital
• Conduct investment appraisal and prepare sensitivity analysis
• Calculate ROI and net cash flow for capital projects
• Build an Integrated Financial Model for budget preparation including cash flow forecasts
• Gain a thorough understanding of cost behaviour and learn to prepare variance analyses
• Differentiate between capital and revenue expenditure and plan accordingly
• Get an understanding of all the components of working capital and how to optimize them
• Liaise with senior management to prepare the business’s financial and strategic plans with proper assumptions
• Evaluate financial report and understand the flow of information within the statements
• Prepare ratio analyses and report to senior management
• Create opportunities for personal development and increase financial awareness