Budgeting: Planning, Forecasting, What-if Analysis & Reporting

Location Start date End date Fees Inquire Register
Istanbul 01.01.2024 05.01.2024 5,000 $ Inquire now Register
Dubai 05.02.2024 09.02.2024 4,300 $ Inquire now Register
Cairo 04.03.2024 08.03.2024 4,100 $ Inquire now Register
Dubai 04.03.2024 08.03.2024 4,300 $ Inquire now Register
Istanbul 04.03.2024 08.03.2024 5,000 $ Inquire now Register
Dubai 06.05.2024 10.05.2024 4,300 $ Inquire now Register
Vienna 03.06.2024 07.06.2024 6,100 $ Inquire now Register
London 03.06.2024 07.06.2024 6,100 $ Inquire now Register
Dubai 03.06.2024 07.06.2024 4,300 $ Inquire now Register
Dubai 24.06.2024 28.06.2024 4,300 $ Inquire now Register
Bahrain 24.06.2024 28.06.2024 5,000 $ Inquire now Register
Dubai 15.07.2024 19.07.2024 4,300 $ Inquire now Register
Istanbul 15.07.2024 19.07.2024 5,000 $ Inquire now Register
Amsterdam 02.09.2024 06.09.2024 6,100 $ Inquire now Register
Dubai 02.09.2024 06.09.2024 4,300 $ Inquire now Register


A good plan should begin with a good forecast, which in turn, may lead to a good budget. A strategy is the long-term plan of what the company is going to do to achieve its policy. The budget is the short-term plan of how strategies may be achieved. It is a quantification of the activities the company must develop to achieve its short-term plans. This leading-edge course explains:
  • The planning and budgeting process from beginning to end
  • Budget development
  • How alternative decisions affect the ‘bottom line’ in terms of both profit and cash flow
  • Comparison of variances in actual performance against the plan and what these budget variances are saying and how they should be used to control financial performance
  • The use of Excel® as the toolbox of choice for financial model development, used within this course to develop forecasts, and long- and short-term plans.


  • Develop strategic thinking, and use the strategic management process to develop missions and objectives and carry out strategic analysis and decision-making
  • Understand the relationship between financial planning, forecasting, and budgeting and integration of the strategic management process with the budgeting cycle
  • Understand cost behaviour, the use of alternative costing systems, and cost/volume/profit (CVP) analysis, and develop and prepare an operating budget and how it may be funded using the alternative sources of finance
  • Use various Excel© models to forecast sales pricing, optimal product mix, long- and short-term sales levels, and build financial growth planning models and traditional and activity based budget models, and improve budget accuracy
  • Use the techniques of budgetary control: development of product standards, flexed budgets, and variance analysis and use of the results of variance analysis to improve operational performance
  • Determine a company’s cost of capital and use the technique of discounted cash flow (DCF) for capital budgeting and evaluation of capital project investment, and risk analysis using the techniques of sensitivity, simulation, and scenario analysis.