Course Content
Budgeting Techniques and Best Practices
- Types of budgets (Operational, Capital, Cash Flow, Master Budget, etc.)
- Zero-based budgeting vs. incremental budgeting
- Rolling budgets and flexible budgeting
- Top-down vs. bottom-up budgeting approach
- Steps to creating an effective budget
Forecasting Methods and Techniques
- Quantitative vs. qualitative forecasting
- Time series analysis and trend projections
- Sensitivity analysis and scenario planning
- Forecasting in uncertain economic conditions
Financial Analysis and Variance Management
- Key financial ratios and performance indicators
- Budget variance analysis: favourable vs. unfavourable variances
- Root cause analysis and corrective measures
- Continuous improvement in budgeting and forecasting