Budgeting and Forecasting

Get ready to level up your financial game with expert tips and tricks on budgeting and forecasting - no more guessing, just winning!

The Budgeting and Forecasting course provides comprehensive training in creating, managing, and analyzing budgets for operational and financial planning. This course equips learners with practical skills to develop revenue and cost budgets, forecast financial performance, and implement effective budgeting strategies. Students will explore the full budgeting cycle, from understanding components of budgets to applying qualitative insights and logical steps in forecasting.

This course emphasizes the importance of Budgeting and Forecasting in business decision-making, helping professionals predict financial outcomes, optimize resource allocation, and support strategic planning. By mastering these skills, participants can enhance organizational efficiency, improve cost control, and contribute to sustainable financial management.

Learning Outcomes

1. Demonstrate practical skills in preparing revenue and cost budgets accurately.
2. Apply logical steps to develop operational and financial budget plans.
3. Integrate qualitative insights to enhance forecasting and budgeting decisions.
4. Analyze financial data to improve organizational budgeting and resource allocation.
5. Implement effective budgeting strategies for sustainable financial management practices.
6. Evaluate revenue and cost information to create precise financial forecasts.

Course Curriculum

Unit 01: Introduction

• Lecture 01 – Why Budget and Forecasts – Understand why budgeting and forecasting is essential for organizations.
• Lecture 02 – Is budget planning a paper exercise – Learn if budgeting serves merely as documentation or guidance.
• Lecture 03 – Operational and Financial Budget – Explore differences between operational and financial budget requirements.

Unit 02: Detail Budget Requirement

• Lecture 04 – Components – Revenue Budgets – Learn how to create accurate revenue budgets effectively.
• Lecture 05 – Components – Cost Budget – Understand cost budgeting to control expenses and resource allocation.
• Lecture 06 – Qualitative Aspects – Integrate qualitative insights to improve budgeting and forecasting accuracy.

Unit 03: Process of Making Budget

• Lecture 07 – Process of Budgeting – Logical Steps – Discover logical steps involved in the full budgeting process.
• Lecture 08 – Revenue Budget – What Information We Need – Identify information required to prepare accurate revenue budgets.
• Lecture 09 – Example Used in Class – Apply a practical example demonstrating comprehensive budgeting and planning processes.
• Lecture 10 – Cost Budget Process – Link from Revenue – Link revenue forecasts to operational plans for effective cost budgeting.
• Lecture 11 – Cost Budget Process – Other Aspects – Explore additional aspects of cost budgeting beyond standard calculations.

Disclaimer:

This is an online course with pre-recorded lessons. You will get access to the course within 48 hours after your enrolment.