Corporate Finance Institute – Budgeting and Forecasting

Description of Budgeting and Forecasting

This budgeting course covers the entire budgeting process from start to finish, including various methods for building budgets and forecasting results.

• Learn how to create a “budgeting culture” in your organization
• Analyze variances between budget and actual results
• Identify key areas to help improve your organization’s financial results

This financial budgeting course will teach you about the entire budgeting process from start to finish, including how to create a disciplined culture of budgeting in your organization, the various methods for building budgets, techniques to analyze results, and how to increase the chances of organizational performance improvements.

This interactive and applied budgeting course enables participants to:

1. Adopt a disciplined approach to developing budgets
2. Forecast results with quantitative and qualitative methods
3. Effectively use variance analysis to track performance
4. Present results with charts and graphs

What You’ll Learn In Budgeting and Forecasting?

• Understand the principles behind best practice financial management
• Explain the importance of budgeting within a strategic framework
• Build a robust budgeting process within their organization
• Know when and where to use various budgeting approaches such as zero-based budgeting
• Forecast future performance by better analyzing revenue and cost drivers
• Use effective variance reporting to track organizational performance
• Make use of Excel functions and tools that are particularly suited to the budgeting process.

Topics covered will include:

• Budgeting within a strategic framework
• Building a robust budgeting process
• Managing budget psychology
• A practical guide to developing budgets
• Common budgeting approaches (e.g. Incremental, value-based, zero-based, etc.)
• Forecasting techniques (moving average, regression analysis, etc.)
• Tracking budget performance with variance analysis (waterfall charts, etc.)
• Applied budgeting tools and techniques (Excel, solver, pivot tables, etc.)

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