Technical Sheet

Nature of serivce : Training

Title : Budgeting Skills in Planning, Forecasting, What-If Analysis & Reporting

Objectives : -Develop strategic thinking, and use the strategic management process to develop missions and objectives and carry out strategic analysis and decision-making. -Understand the relationship between financial planning, forecasting, and budgeting and integration of the strategic management process with the budgeting cycle. -Understand cost behaviour, the use of alternative costing systems, and cost/volume/profit (CVP) analysis, and develop and prepare an operating budget and how it may be funded using the alternative sources of finance. -Use various Excel© models to forecast sales pricing, optimal product mix, long- and short-term sales levels, and build financial growth planning models and traditional and activity-based budget models, and improve budget accuracy. -Use the techniques of budgetary control: development of product standards, flexed budgets, and variance analysis and use of the results of variance analysis to improve operational performance.

Description : 

Target audience : Financial professionals, finance controllers, treasurers and inventory professionals. Senior professionals with a direct responsibility for financial management and control. Accountants, sales and purchasing professionals and those responsible for relationship with banks. Any professional, at junior