About the Course
Budgeting, planning, and forecasting is a three-step strategic planning process that identifies and details an organization's long- and short-term financial objectives. The finance department of an organization typically oversees the procedure. Planning outlines the company's financial direction and creates a model of expectations. Budgeting documents how the overall plan will be executed month to month and typically include estimates of revenue and expenses and expected cash flow and debt reduction while forecasting uses accumulated historical data and market conditions to predict financial outcomes for future months or years.
This training program equips participants with the knowledge and abilities needed to create top-notch strategic planning, forecasting, and budgeting procedures.
This course is ideal for a wide variety of professionals, particularly those with direct or indirect budgetary responsibility within a team, department, or division. The training program is also ideal for project managers and individuals who handle budgetary plans and are in charge of doing cost and strategic analyses.
What You Will Learn
By the end of this course the participants will be able to:
- Enhance their strategic thinking skills and participation in the integration of the organization's strategic management and budgeting procedures.
- Utilize forecasting methods that are most suitable for the organization's strategic planning and budgeting
- Recognize how costs behave and pinpoint the costing techniques that can be utilized for financial planning, budgeting, and budgetary control.
- Utilize best practices when creating operating, capital, and cash flow budgets and forecasts per the strategic goals of the organization.
|Weekdays||08:00 AM — 05:00 PM|
|No. of Days:||7|