Budgeting: Planning, Forecasting, Simulation Reporting


5 days


22 – 26 Apr, 9 -13 Sep, 4 – 8 Feb, 10 – 14 Jun, 30 Dec – 4 Jan 2019




Holiday Inn Express Hotel 1 Priddys Yard Croydon CR0 1TS

Course Objective:

This is a highly practical course that will help you budget for sales, costs, capital expenditure, and financing for the optimal use of economic resources. Budgeting and forecasting is an integral part of the strategic management processes in all organisations. Almost all individuals become involved in budgeting and planning at one time or another during their career. Modern organisations require well-trained and competent individuals who are able to effectively manage the economic resources at their disposal. This is achieved through a focus on process excellence, good communications, interpersonal relationships, and the ability to embrace and manage constantly changing internal and external environments, which are a part of the challenges faced day to day.

This course on Budgeting, Planning, forecasting, simulation and reporting is to assist individuals at every level in the organisation in their involvement in the budget process. This course offers an opportunity for delegates to focus on developing and enhancing their knowledge and practical application of all the concepts, processes, and techniques involved in budgeting for optimal performance.

Who should attend

The course is designed for individuals involved in the budget process within their organisation. The course is appropriate for those who wish to learn the concepts, processes, and techniques of budgeting in order to be better able to carry out their budgeting tasks and responsibilities. The course is equally appropriate for those who already have some budget experience and wish to refresh or enhance their budgeting knowledge and skills.

This course can also be taken in

Accra: 4 – 8 Mar, 15 – 19 Jul, 14 – 18 Oct, 16 – 20 Dec, 18 – 22 Feb 2019

Dubai: 27 – 31 May, 1 – 5 Jul, 29 Jul – 2 Aug, 23 – 27 Sep, 2 – 6 Dec 2019 

Texas: on request

Course Content

The Strategic Management Plan

  • Strategic Analysis
  • Strategic Element
  • Strategic Choices
  • Strategic Implementation
  • Evaluation and Control


  • Budgeting and the Management Process
  • The Framework for Budgeting
  • Budget Preparation
  • Master Budget
  • Break Even Analysis,
  • Sensitivity
  • What-If Analysis
  • Variance Analysis
  • Budget cost behaviour
  • Budgetary Control
  • Capital Budgeting (CAPEX)


  • Introduction to Forecasting
  • Qualitative Forecasting models

Capital budgeting principles Raising finance

  • Sources of finance
  • Equity v Debt
  • Gearing
  • Cost of equity, cost of debt and the weighted average cost of capital (WACC)

Methods of Evaluating Capital Investment Projects:

  • Accounting rate of return (ARR)
  • Payback
  • Net present value (NPV)
  • Internal rate of return (IRR)
  • Modified internal rate of return (MIRR)
  • Equivalent annual cost (EAC)

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