Budgeting Forecasting and Planning - 3 Weeks

United Kingdom
Dates flexible
Course Type
Professional Training Course
Yes (Details)
Course Fee

Course Overview

Managers have financial responsibilities and many have budgets to write and control and face many decisions that require forecasting and planning i.e. preparing their budgets. Using Oil and gas industry examples and exercises this course aims to break down some of the financial barriers in an entertaining and informative style with numerous examples. Bring your calculator. It gives an insight into the world ofbudgeting for financial and non-financial managers and professionals.

Who should take this course

Those who are or will be financial decision makers working with accountants and are involved informulating planning and implementing business strategy. Those with budget responsibilities. Those with expertise in their own fields who need to acquire expertise in budgeting.



Course content

Planning for success:

What are planning strategies?

Work with the planning cycle:

  • Capacity Options
  • Demand Options
  • Mixing Options to Develop a Plan Planning requirements
  • Best overall unit for measuring sales and outputs
  • Forecast of demand for intermediate planning period in these units
  • Method for determining costs
  • Model that combines forecasts and costs so that planning decisions can be made
  • Plan outline Setting goals & objectives
  • Determining steps to achieve goals
  • Setting start & completion dates
  • Assigning responsibility
  • Development of the Key Performance Indicator Matrix Case study begins to put into practice what has been learned

Budget and Budgeting:

  • Definition of Budget Strategic
  • Focus of Budgeting
  • What are the Advantages of Budgets?
  • Management Support
  • Time Coverage of Budgets
  • Types of Budgets

Budgeting and Planning:

  • Strategic Planning and Budgeting Process
  • Why You Must Link Budgeting and Forecasting to Planning and Performance?
  • Budget Participants and Budget Preparation Procedure.
  • Participative Budgeting and Importance of Communication in Effective Planning Process.
  • Building the Budgeting
  • Model Prepare the budget structure Writing the budges
  • Monitoring Comprehensive (Master)
  • Budgeting How to manage the cash Resource
  • Objectives of Cash flow and Working Capital Management Cash flow Reporting

Capital Budgeting:

  • What is Capital Expenditure?
  • Nature of Capital Investment Decisions
  • What is Capital Budget? Stages of Capital Budgeting Process Relevant Cash Flows Methods of Evaluating Capital Investments
  • Budgeting and control
  • Flexible Budget and Overhead Analysis
  • The advantages of the flexible budget approach over the static budget approach.
  • Prepare a performance report for both variable and fixed overhead costs using the flexible budget approach.
  • Use the flexible budget to prepare a variable overhead performance report containing only a spending variance
  • Use the flexible budget to prepare a variable overhead performance report containing both a spending and an efficiency variance.
  • Explain the significance of the denominator activity figure in determining the standard cost of a unity of product.
  • Apply overhead cost to units of product in a standard cost system.
  • Compute and interpret the fixed overhead budget and volume variances.
  • Variances Investigation

About Course Provider

London Training for Excellence offer a wide range of training courses in London for organisations and individuals who wish to advance their skills and knowledge in the business world. With a great training centre in London, London TFE have everything that is needed to understand the basic needs of a business. Each course focuses on the ‘real-life’ issues a business could face and how to tackle them with ease.

London TFE have a team of enthusiastic leaders and instructors who share a passion for education and want to deliver that same passion to every individual who wish to take a business to succession. Each training courses London encourages individual to aim high and reach their full potential.

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