The A-Z of Budgeting: Mastering Financial Planning Skills Event, 18.May.2025

Course Description

This intensive 5-day course provides a comprehensive overview of budgeting principles and practices. Participants will learn essential budgeting techniques, from basic concepts to advanced strategies, enabling them to create, manage, and analyze budgets effectively in various organizational contexts.

Learning Objectives

• Understand fundamental budgeting principles and their importance in financial management
• Develop skills to create, implement, and monitor budgets across different organizational levels
• Master advanced budgeting techniques and forecasting methods
• Learn to use budgeting as a strategic tool for decision-making and performance improvement
• Gain practical experience in budget analysis and variance management

Course Modules

Day 1: Budgeting Fundamentals

• Introduction to budgeting concepts and terminology
• Types of budgets and their purposes
• The budgeting process and cycle
• Budgeting's role in organizational planning and control

Day 2: Budget Preparation and Planning

• Forecasting techniques for budgeting
• Creating operating and financial budgets
• Capital budgeting and investment analysis
• Integrating strategic goals into the budgeting process

Day 3: Advanced Budgeting Techniques

• Activity-based budgeting
• Zero-based budgeting
• Flexible budgeting
• Rolling forecasts and continuous budgeting

Day 4: Budget Implementation and Control

• Budget monitoring and reporting
• Variance analysis and management
• Performance measurement and KPIs
• Using budgets for decision-making

Day 5: Budgeting for Specific Contexts

• Budgeting for different organizational structures
• Project budgeting
• Cash flow forecasting and management
• Budgeting software and tools

Practical Wins for Participants

• Ability to create comprehensive, accurate budgets for various organizational needs
• Enhanced skills in financial forecasting and analysis
• Improved decision-making capabilities using budget data
• Practical experience with advanced budgeting techniques and tools