0

Discover Training

Overview

Overview

Budgeting and forecasting are critical components of financial management for any organization, whether it be a small business, a multinational corporation, or a non-profit. This course will provide you with a comprehensive understanding of the principles, tools, and techniques used in budgeting and forecasting, equipping you with the skills necessary to make informed financial decisions and drive business success.

The course will begin with an introduction to the budgeting process, covering the importance of budgeting, the different types of budgets, and the steps involved in creating a budget. You will learn how to set realistic financial goals, allocate resources effectively, and monitor and control your budget to ensure it remains on track.

Next, you will delve into the world of forecasting, exploring the various methods and models used to predict future financial performance. You will learn how to analyze historical data, identify trends and patterns, and use this information to make accurate forecasts. You will also learn about the importance of sensitivity analysis and scenario planning in forecasting, allowing you to assess the potential impact of different factors on your organization’s financial performance.

Throughout the course, you will have the opportunity to apply your knowledge and skills in practical exercises and case studies, enabling you to develop a deeper understanding of the concepts covered and how they apply in real-world situations. By the end of the course, you will have the confidence and competence to create and manage budgets effectively, make informed financial decisions, and contribute to the overall success of your organization.

Learning Outcomes

  • Understand the importance of budgeting and forecasting in financial planning.
  • Create and manage a budget for personal or business use.
  • Analyze financial data to make informed decisions.
  • Implement various budgeting techniques like zero-based and activity-based budgeting.
  • Forecast future financial performance using historical data and trends.
  • Identify and analyze variances to improve budget accuracy.
  • Develop strategies to manage budget constraints and optimize resource allocation.
  • Understand the role of budgeting and forecasting in strategic planning.

What Will Make You Stand Out?

On Completion of this Budgeting and Forecasting online course, you’ll acquire:

  • CPD QS Accredited Course.
  • Upon Course Completion, Earn a Complimentary PDF and a hard copy Certificate to Showcase Your Enhanced Skills.
  • Lifetime access.
  • 24x7 Tutor Support.
  • Complete the course at your own pace.

Description

Budgeting and forecasting are essential skills for anyone involved in financial planning, whether for personal or business purposes. This course provides a comprehensive overview of budgeting and forecasting techniques, from basic concepts to advanced strategies. It covers topics such as creating a budget, forecasting future financial performance, and analyzing variances. The course also explores advanced topics like rolling budgets, zero-based budgeting, and activity-based budgeting. Participants will learn how to use budgeting and forecasting to make informed decisions, optimize resource allocation, and improve financial performance.

Who is this course for?

This course is suitable for individuals who want to improve their financial planning skills, including business owners, managers, finance professionals, and students.

Requirements

No prior knowledge of budgeting and forecasting is required. However, participants should have a basic understanding of financial concepts like income, expenses, and profit.

Certification

Upon successful completion of the Budgeting and Forecasting course, learners can obtain both a PDF certificate and a Hard copy certificate for completely FREE. The Hard copy certificate is available for a nominal fee of £3.99, which covers the delivery charge within the United Kingdom. Additional delivery charges may apply for orders outside the United Kingdom.

Career Path

  • Financial Analyst
  • Budget Analyst
  • Financial Planner
  • Business Owner
  • Manager
  • Accountant

Course Curriculum

Unit-1. Introduction
Lecture-1 – Why Budget and Forecasts 00:11:00
Lecture-2 Is budget planning a paper exercise 00:05:00
Lecture-3 Operational and Financial Budget 00:07:00
Unit-2. Detail Budget Requirement
Lecture-4 – Components – Revenue Budgets 00:05:00
Lecture-5 – Components – Cost Budget 00:11:00
Lecture-6 – Qualitative Aspects 00:05:00
Unit-3. Process of Making Budget
Lecture-7- Process of Budgeting – Logical Steps 00:09:00
Lecture-8 – Revenue Budget – What Information we need to make revenue budgets 00:08:00
Lecture-9 – Example we used in Class to demonstrate a broad process in budget and planning 00:17:00
Lecture-10 – Cost Budget Process – Link from revenue and operational plan 00:05:00
Lecture-11-Cost Budget Process – Other aspects 00:10:00

Frequently Asked Questions

In the UK, the social care system is mainly managed by the local councils. People are directly employed by the councils. They often work together with the health commissioners under joint funding arrangements. Some people work for private companies or voluntary organizations hired by local councils. They help the local councils with their personal social services.

In the UK, the social care system is mainly managed by the local councils. People are directly employed by the councils. They often work together with the health commissioners under joint funding arrangements. Some people work for private companies or voluntary organizations hired by local councils. They help the local councils with their personal social services.

In the UK, the social care system is mainly managed by the local councils. People are directly employed by the councils. They often work together with the health commissioners under joint funding arrangements. Some people work for private companies or voluntary organizations hired by local councils. They help the local councils with their personal social services.

In the UK, the social care system is mainly managed by the local councils. People are directly employed by the councils. They often work together with the health commissioners under joint funding arrangements. Some people work for private companies or voluntary organizations hired by local councils. They help the local councils with their personal social services.

In the UK, the social care system is mainly managed by the local councils. People are directly employed by the councils. They often work together with the health commissioners under joint funding arrangements. Some people work for private companies or voluntary organizations hired by local councils. They help the local councils with their personal social services.

£21
TAKE THIS COURSE

14-Day Money-Back Guarantee

This course includes:
  • units Number of Units:
    11
  • Lock Access:
    1 Year
  • Duration Duration:
    1 hour, 33 minutes
  • Certificate PDF Certificate
    Included
CPD and SSL Lifetime Access

COPYRIGHT © 2021 One Education

Oops! We could not locate your form.