Advanced Budgeting and Forecasting Course

Gain in-depth knowledge of advanced budgeting and forecasting techniques with our specialized training course. BMC Training offers Advanced Budgeting and Forecasting Course in Finance , Accounting and Budgeting Courses.

  • English
  • 134 Training Sessions
  • Confirmed
  • One Week
Advanced Budgeting and Forecasting Training Course

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Type a city name or a month
Venue Start Date End Date Net Fees Details & Registration
Madrid , Spain 28 - Jul - 2024 1 - Aug - 2024 6950 GBP
London , UK 28 - Jul - 2024 1 - Aug - 2024 4950 GBP
Munich , Germany 28 - Jul - 2024 1 - Aug - 2024 7900 GBP
Berlin , Germany 28 - Jul - 2024 1 - Aug - 2024 7900 GBP
New York , United States 28 - Jul - 2024 1 - Aug - 2024 10900 GBP
Amsterdam , Netherlands 28 - Jul - 2024 1 - Aug - 2024 8100 GBP
Milan , Italy 28 - Jul - 2024 1 - Aug - 2024 6950 GBP
Paris , France 4 - Aug - 2024 8 - Aug - 2024 6700 GBP
Dubai , UAE 4 - Aug - 2024 8 - Aug - 2024 4987.5 GBP
Hong Kong , Hong Kong 4 - Aug - 2024 8 - Aug - 2024 8500 GBP
Kuala Lumpur , Malaysia 11 - Aug - 2024 15 - Aug - 2024 4750 GBP
Rome , Italy 11 - Aug - 2024 15 - Aug - 2024 7300 GBP
Barcelona , Spain 11 - Aug - 2024 15 - Aug - 2024 6950 GBP
Zurich , Switzerland 11 - Aug - 2024 15 - Aug - 2024 7950 GBP
Kuala Lumpur , Malaysia 18 - Aug - 2024 22 - Aug - 2024 4750 GBP
Rome , Italy 18 - Aug - 2024 22 - Aug - 2024 7300 GBP
Barcelona , Spain 18 - Aug - 2024 22 - Aug - 2024 6950 GBP
Zurich , Switzerland 18 - Aug - 2024 22 - Aug - 2024 7950 GBP
Madrid , Spain 25 - Aug - 2024 29 - Aug - 2024 6950 GBP
London , UK 25 - Aug - 2024 29 - Aug - 2024 4950 GBP
Munich , Germany 25 - Aug - 2024 29 - Aug - 2024 7900 GBP
Berlin , Germany 25 - Aug - 2024 29 - Aug - 2024 7900 GBP
New York , United States 25 - Aug - 2024 29 - Aug - 2024 10900 GBP
Amsterdam , Netherlands 25 - Aug - 2024 29 - Aug - 2024 8100 GBP
Paris , France 18 - Aug - 2024 22 - Aug - 2024 6700 GBP
Dubai , UAE 18 - Aug - 2024 22 - Aug - 2024 4987.5 GBP
Hong Kong , Hong Kong 18 - Aug - 2024 22 - Aug - 2024 8500 GBP
Paris , France 25 - Aug - 2024 29 - Aug - 2024 6700 GBP
Dubai , UAE 25 - Aug - 2024 29 - Aug - 2024 4987.5 GBP
Hong Kong , Hong Kong 25 - Aug - 2024 29 - Aug - 2024 8500 GBP
Tokyo , Japan 4 - Aug - 2024 8 - Aug - 2024 9750 GBP
Milan , Italy 25 - Aug - 2024 29 - Aug - 2024 6950 GBP
Tokyo , Japan 18 - Aug - 2024 22 - Aug - 2024 9750 GBP
Tokyo , Japan 25 - Aug - 2024 29 - Aug - 2024 9750 GBP
Bali , Indonesia 22 - Sep - 2024 26 - Sep - 2024 8100 GBP
Singapore , Singapore 22 - Sep - 2024 26 - Sep - 2024 7500 GBP
Washington , United States 22 - Sep - 2024 26 - Sep - 2024 11000 GBP
Kuala Lumpur , Malaysia 1 - Sep - 2024 5 - Sep - 2024 4750 GBP
Rome , Italy 1 - Sep - 2024 5 - Sep - 2024 7300 GBP
Istanbul , Turkey 22 - Sep - 2024 26 - Sep - 2024 4700 GBP
Barcelona , Spain 1 - Sep - 2024 5 - Sep - 2024 6950 GBP
Zurich , Switzerland 1 - Sep - 2024 5 - Sep - 2024 7950 GBP
Paris , France 8 - Sep - 2024 12 - Sep - 2024 6700 GBP
Hong Kong , Hong Kong 8 - Sep - 2024 12 - Sep - 2024 8500 GBP
Dubai , UAE 8 - Sep - 2024 12 - Sep - 2024 4987.5 GBP
Madrid , Spain 15 - Sep - 2024 19 - Sep - 2024 6950 GBP
London , UK 15 - Sep - 2024 19 - Sep - 2024 4950 GBP
Munich , Germany 15 - Sep - 2024 19 - Sep - 2024 7900 GBP
Berlin , Germany 15 - Sep - 2024 19 - Sep - 2024 7900 GBP
New York , United States 15 - Sep - 2024 19 - Sep - 2024 10900 GBP
Amsterdam , Netherlands 15 - Sep - 2024 19 - Sep - 2024 8100 GBP
Paris , France 22 - Sep - 2024 26 - Sep - 2024 6700 GBP
Dubai , UAE 22 - Sep - 2024 26 - Sep - 2024 4987.5 GBP
Hong Kong , Hong Kong 22 - Sep - 2024 26 - Sep - 2024 8500 GBP
Tokyo , Japan 8 - Sep - 2024 12 - Sep - 2024 9750 GBP
Milan , Italy 15 - Sep - 2024 19 - Sep - 2024 6950 GBP
Tokyo , Japan 22 - Sep - 2024 26 - Sep - 2024 9750 GBP
Paris , France 20 - Oct - 2024 24 - Oct - 2024 6700 GBP
Dubai , UAE 20 - Oct - 2024 24 - Oct - 2024 4987.5 GBP
Hong Kong , Hong Kong 20 - Oct - 2024 24 - Oct - 2024 8500 GBP
Kuala Lumpur , Malaysia 27 - Oct - 2024 31 - Oct - 2024 4750 GBP
Rome , Italy 27 - Oct - 2024 31 - Oct - 2024 7300 GBP
Barcelona , Spain 27 - Oct - 2024 31 - Oct - 2024 6950 GBP
Zurich , Switzerland 27 - Oct - 2024 31 - Oct - 2024 7950 GBP
Kuala Lumpur , Malaysia 6 - Oct - 2024 10 - Oct - 2024 4750 GBP
Rome , Italy 6 - Oct - 2024 10 - Oct - 2024 7300 GBP
Barcelona , Spain 6 - Oct - 2024 10 - Oct - 2024 6950 GBP
Zurich , Switzerland 6 - Oct - 2024 10 - Oct - 2024 7950 GBP
Madrid , Spain 13 - Oct - 2024 17 - Oct - 2024 6950 GBP
London , UK 13 - Oct - 2024 17 - Oct - 2024 4950 GBP
Munich , Germany 13 - Oct - 2024 17 - Oct - 2024 7900 GBP
Berlin , Germany 13 - Oct - 2024 17 - Oct - 2024 7900 GBP
New York , United States 13 - Oct - 2024 17 - Oct - 2024 10900 GBP
Amsterdam , Netherlands 13 - Oct - 2024 17 - Oct - 2024 8100 GBP
Paris , France 6 - Oct - 2024 10 - Oct - 2024 6700 GBP
Dubai , UAE 6 - Oct - 2024 10 - Oct - 2024 4987.5 GBP
Hong Kong , Hong Kong 6 - Oct - 2024 10 - Oct - 2024 8500 GBP
Paris , France 13 - Oct - 2024 17 - Oct - 2024 6700 GBP
Dubai , UAE 13 - Oct - 2024 17 - Oct - 2024 4987.5 GBP
Hong Kong , Hong Kong 13 - Oct - 2024 17 - Oct - 2024 8500 GBP
Tokyo , Japan 20 - Oct - 2024 24 - Oct - 2024 9750 GBP
Milan , Italy 13 - Oct - 2024 17 - Oct - 2024 6950 GBP
Tokyo , Japan 6 - Oct - 2024 10 - Oct - 2024 9750 GBP
Tokyo , Japan 13 - Oct - 2024 17 - Oct - 2024 9750 GBP
Bali , Indonesia 17 - Nov - 2024 21 - Nov - 2024 8100 GBP
Singapore , Singapore 17 - Nov - 2024 21 - Nov - 2024 7500 GBP
Washington , United States 17 - Nov - 2024 21 - Nov - 2024 11000 GBP
Istanbul , Turkey 17 - Nov - 2024 21 - Nov - 2024 4700 GBP
Kuala Lumpur , Malaysia 24 - Nov - 2024 28 - Nov - 2024 4750 GBP
Rome , Italy 24 - Nov - 2024 28 - Nov - 2024 7300 GBP
Barcelona , Spain 24 - Nov - 2024 28 - Nov - 2024 6950 GBP
Zurich , Switzerland 24 - Nov - 2024 28 - Nov - 2024 7950 GBP
Paris , France 3 - Nov - 2024 7 - Nov - 2024 6700 GBP
Dubai , UAE 3 - Nov - 2024 7 - Nov - 2024 4987.5 GBP
Hong Kong , Hong Kong 3 - Nov - 2024 7 - Nov - 2024 8500 GBP
Madrid , Spain 10 - Nov - 2024 14 - Nov - 2024 6950 GBP
London , UK 10 - Nov - 2024 14 - Nov - 2024 4950 GBP
Munich , Germany 10 - Nov - 2024 14 - Nov - 2024 7900 GBP
Berlin , Germany 10 - Nov - 2024 14 - Nov - 2024 7900 GBP
New York , United States 10 - Nov - 2024 14 - Nov - 2024 10900 GBP
Amsterdam , Netherlands 10 - Nov - 2024 14 - Nov - 2024 8100 GBP
Paris , France 17 - Nov - 2024 21 - Nov - 2024 6700 GBP
Dubai , UAE 17 - Nov - 2024 21 - Nov - 2024 4987.5 GBP
Hong Kong , Hong Kong 17 - Nov - 2024 21 - Nov - 2024 8500 GBP
Tokyo , Japan 3 - Nov - 2024 7 - Nov - 2024 9750 GBP
Milan , Italy 10 - Nov - 2024 14 - Nov - 2024 6950 GBP
Tokyo , Japan 17 - Nov - 2024 21 - Nov - 2024 9750 GBP
Paris , France 15 - Dec - 2024 19 - Dec - 2024 6700 GBP
Dubai , UAE 15 - Dec - 2024 19 - Dec - 2024 4987.5 GBP
Hong Kong , Hong Kong 15 - Dec - 2024 19 - Dec - 2024 8500 GBP
Kuala Lumpur , Malaysia 22 - Dec - 2024 26 - Dec - 2024 4750 GBP
Rome , Italy 22 - Dec - 2024 26 - Dec - 2024 7300 GBP
Barcelona , Spain 22 - Dec - 2024 26 - Dec - 2024 6950 GBP
Zurich , Switzerland 22 - Dec - 2024 26 - Dec - 2024 7950 GBP
Kuala Lumpur , Malaysia 8 - Dec - 2024 12 - Dec - 2024 4750 GBP
Rome , Italy 8 - Dec - 2024 12 - Dec - 2024 7300 GBP
Barcelona , Spain 8 - Dec - 2024 12 - Dec - 2024 6950 GBP
Zurich , Switzerland 8 - Dec - 2024 12 - Dec - 2024 7950 GBP
Madrid , Spain 1 - Dec - 2024 5 - Dec - 2024 6950 GBP
London , UK 1 - Dec - 2024 5 - Dec - 2024 4950 GBP
Munich , Germany 1 - Dec - 2024 5 - Dec - 2024 7900 GBP
Berlin , Germany 1 - Dec - 2024 5 - Dec - 2024 7900 GBP
New York , United States 1 - Dec - 2024 5 - Dec - 2024 10900 GBP
Amsterdam , Netherlands 1 - Dec - 2024 5 - Dec - 2024 8100 GBP
Paris , France 8 - Dec - 2024 12 - Dec - 2024 6700 GBP
Dubai , UAE 8 - Dec - 2024 12 - Dec - 2024 4987.5 GBP
Hong Kong , Hong Kong 8 - Dec - 2024 12 - Dec - 2024 8500 GBP
Paris , France 1 - Dec - 2024 5 - Dec - 2024 6700 GBP
Dubai , UAE 1 - Dec - 2024 5 - Dec - 2024 4987.5 GBP
Hong Kong , Hong Kong 1 - Dec - 2024 5 - Dec - 2024 8500 GBP
Tokyo , Japan 15 - Dec - 2024 19 - Dec - 2024 9750 GBP
Milan , Italy 1 - Dec - 2024 5 - Dec - 2024 6950 GBP
Tokyo , Japan 8 - Dec - 2024 12 - Dec - 2024 9750 GBP
Tokyo , Japan 1 - Dec - 2024 5 - Dec - 2024 9750 GBP

Course Syllabus

Intorduction

This programme provides an overview of the tools and the skills to build world class standards into your planning, budgeting, performance measurement and reporting system and will discuss new and best practice techniques, explain how they complement the traditional financial planning tools, and introduce new concepts for measuring and reporting performance and shareholder wealth creation. Important elements of this programme include:

  • Making your budgeting process more cost effectively
  • Motivate managers to “buy in” to the budget process
  • Many case studies and illustrations of real companies will be used to help delegates understand how to apply different planning, forecasting and analysis techniques
  • Participants will also be given a detailed set of handouts that will enable them to review the topics covered at a later date

Objectives

  • Implement advanced planning and control techniques into your budgeting process
  • Integrate the budgeting process with the development of the company’s long-term strategic vision
  • Provide a decision support structure that provides timely and useful information to decision makers
  • Successfully build an integrated planning, budgeting and reporting process
  • Forecast costs and revenues with greater confidence
  • Apply management tools to the budgeting process that contribute to strategic goals
  • Effective manage the budgeting process
  • Identify key performance indicators for effective and focused decision making
  • Increase profitability and performance through stream lined planning and reporting

Day One

Budgets in Today’s International environment

  • Organizational Planning and Control Framework
  • The Product / Information / Decision Support Cycle
  • Strategic, Tactical, and Operational Forecasts
  • The recognition of risk in Models
  • Using Budget Models for Simulation Purposes
  • The Drive toward Shareholder Value (EVA®)

The Strategic Plan

  • The purpose of planning and budgeting in business
  • Defining the strategic approach to business planning
  • Defining strategic assumptions
  • Building the strategic planning model using financial data
  • Various strategic and tactical approaches to business planning
  • Defining the Decision-Support model: Assumptions/Goals and Key Success Factors

Day Two

Analysing the Historical Data Using Excel®

  • Recognizing the Basic Patterns Inherent in Historical Data
  • Using the Exploratory Data Analysis Tools Available in Excel®
  • Development of Time Series Models using histograms, moving averages, exponential smoothing and regression analysis
  • Using Regression Analysis as a predictor and estimator
  • Mastering the use of Exponential Smoothing as a Data Analysis tool
  • Single Regression vs. Multiple Regression
  • Validation of Time Series Analysis

Day Three

Approaches to Budget Development

  • Zero Base Budgeting
  • Activity based Budgeting
  • Rolling Budgets
  • Operational Unit Budgeting
  • Programme budgeting
  • Developing the Cash Budget

Using Activity based Budgeting

  • Developing the ABB application model
  • Budgeting for Processes rather than Departments
  • Defining Key Cost Drivers
  • Defining Key Activities
  • Development of ABB Cost Standards
  • Developing the Activity-Based Budget

Day Four

Strategic and Operational Cost Analysis Techniques

  • Identifying fixed, variable and semi-variable costs
  • Application of Regression in the development of budgets
  • Building the financial simulation model using articulated financial statements
  • Building the financial simulation model using deterministic simulation
  • Building the financial simulation model using probabilistic (Monte Carlo) simulation

Developing Manufacturing Standards

  • Material Standard Development
  • Labour Standard Development
  • Factory and Corporate Overhead Standard Development
  • Variance Analysis

Day Five

Defining and Testing Optimisation Techniques in Models Using Excel®

  • Basic Structure of All Optimisation Models
  • Different Forms and Applications of Optimization Models
  • Developing a Financial Optimisation Model
  • Performing Sensitivity Analysis of an Optimisation Model
  • Interpreting the Solution of an Optimisation Model to a Non-technical Manager
  • Lessons Learned and Lessons to be Learned

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