Integrating Budgeting, Forecasting and Business Planning

Start Date End Date Venue Fees (US $)
24 May 2026 Dubai, UAE $ 3,900 Register
20 Sept 2026 London, UK $ 4,950 Register
29 Nov 2026 Riyadh, KSA $ 3,900 Register

Integrating Budgeting, Forecasting and Business Planning

Introduction

This program provides the skills to build world-class standards into your planning, budgeting, performance measurement, and reporting system. This program will discuss new techniques, explain how they complement the traditional financial planning tools, and introduce new concepts for measuring and reporting performance and shareholder wealth creation. You will explore the issues relating to capital budgeting. Budgeting manufacturing as well as other expenses, identifying profit objectives, budgeting cash requirements, and forecasting are all covered in this program. By combining techniques analysis, problems and examples with a real case study the course provides delegates with key cost awareness and budgetary skills, which is essential for managing and controlling processes/projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis.

Objectives

    • Make your budgeting process more cost effective
    • Understand how to apply different planning, forecasting and analysis techniques
    • Enhance knowledge of forecasting revenue and costs
    • Motivate managers for enhanced performance
    • Integrate the organization's strategic planning with budgets and processes of cost control
    • Get to know activity-based budgeting (and costing)
    • Understand capital budgeting techniques & cash flows
    • Interpret budgets and performance measurement as communication tools
    • Link budgetary processes with quality issues and business process improvement.

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

  • Management accountants responsible for budget preparation and management reporting
  • Process owners who require a more in-depth understanding of integrated planning and budgeting techniques
  • Financial planners and cost analysts
  • Line managers with direct planning and budgeting responsibility
  • Professional advisers
  • Accountants and business consultants

Course Outline

Day 1: Budgets and Strategy in Today’s International Environment

  • Organizational planning framework
  • The product / information / decision support cycle
  • Strategic, tactical, and operational forecasts
  • The strategic approach to business planning
  • Various strategic and tactical approaches to business planning
  • The international business environment

Day 2: The Business Plan and Budget Development

  • Developing the business plan
  • Identification of key value drivers
  • Achieving objectives
  • Zero base budgeting
  • Activity-based budgeting
  • Rolling budgets
  • Developing the Cash Budget

Day 3: Analyzing the Applicability of Historical Data Using Excel®

  • Problems of forecasting
  • Using historical data to help predict the future
  • Forecasting
  • Sales volume
  • 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

Day 4: Using Activity-Based Budgeting and Cost Analysis Techniques

  • Cost behavior and breakeven analysis
  • Activity-based costing
  • Budgeting for Processes rather than Departments
  • Defining Key Cost Drivers
  • Defining Key Activities
  • Developing the Activity-Based Budget

Day 5: Capital budgeting and project appraisal

  • Identify the various types of capital projects
  • Discuss the capital project evaluation process
  • The impact time has on the value of money.
  • Using WACC and ROIC as benchmarks
  • Determining the initial and subsequent capital project cash flows
  • Development of the "Hurdle Rate" for capital projects
  • Evaluate capital projects by applying NPV, IRR, ARR Payback models

Accreditation

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