Modes of Delivery
Team/Corporate Training
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Description
For a project to be successful, careful planning and budgeting is of critical importance. Even if a project is delivered on time and meets the end-user requirements, if it overshoots the budget then it is considered a failure- hence stringent analysis and smart forecasting are crucial for meticulous management of budgets.
Our three day training session teaches best practices in budgeting and forecasting, with case studies based on real case corporate scenarios. This hands-on intensive course targets professionals from financial as well as non-financial backgrounds, and helps them to grasp fundamental budgeting principles and forecasting methods, gain an understanding of budget processes, and improve their financial literacy. The course will equip candidates with a collection of tools and insights to enable them to fulfil their professional goals as well as the expectations of their companies and investors.
Get started on achieving excellence in financial planning, and drive your organization forward to achieve the required goals and targets!
On successful completion of the course, you will receive a Course Completion Certificate from KnowledgeHut with Credits (1 credit per hour of training).
What you will learn:
- A greater understanding of the impact of budgeting in achieving your organizational goals
- An understanding of the different budgeting techniques, approaches and methodologies applicable to different industries and scenarios
- An understanding of the importance of budgeting and forecasting in a climate of uncertainty
- Knowledge of the significance of the behavioral aspects in budgeting and forecasting
- An awareness of the techniques and methodologies for effective budgeting, and its impact on performance management
You will also get:
- 24 hours of classroom training
- Handouts and the PowerPoint Presentation
- Case Studies
- On successful completion, participants will receive a participation certificate
Key Features
Curriculum
- Developing budgets
- From operational budgets to financial budgets
- Process/steps
- Types of budgets
- Fixed
- Flexed
- Rolling
- Methods of budgeting
- Incremental
- Zero based budgeting
- Approaches to budgeting
- Top down
- Bottom up
- Iterative
- Activity orientated
- Task orientated
- Planning programming budgeting system
- Behavioural aspects in budgeting
- Forecasting versus budgeting
- Process flow of an organization
- Gathering information
- Anticipating and budgeting for revenues
- Estimating expenditure
- Understanding costs
- Operational budgets
- Sales
- Production
- Raw Materials
- Labour
- Financial budgets
- Statement of financial performance
- Statement of financial position
- Statement of cash flows
Tools and exercises will be provided so that you can practice the techniques and strategies covered in the course.
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The course which I took from Knowledgehut was very useful and helped me to achieve my goal. The course was designed with advanced concepts and the tasks during the course given by the trainer helped me to step up in my career. I loved the way the technical and sales team handled everything. The course I took is worth the money.
Attended PMP® Certification workshop in May 2018KnowledgeHut Course was designed with all the basic and advanced concepts. My trainer was very knowledgeable and liked the way of teaching. Various concepts and tasks during the workshops given by the trainer helped me to enhance my career. I also liked the way the customer support handled, they helped me throughout the process.
Attended PMP® Certification workshop in May 2018It’s my time to thank one of my colleagues for referring Knowledgehut for the training. Really it was worth investing in the course. The customer support was very interactive. The trainer took a practical session which is supporting me in my daily work. I learned many things in that session, to be honest, the overall experience was incredible!
Attended PMP® Certification workshop in May 2018Overall, the training session at KnowledgeHut was a great experience. Learnt many things, it is the best training institution which I believe. My trainer covered all the topics with live examples. Really, the training session was worth spending.
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Attended PMP® Certification workshop in May 2018I had enrolled for the course last week. I liked the way KnowledgeHut framed the course structure. The trainer was really helpful and completed the syllabus on time and also provided live examples which helped me to remember the concepts.
Attended Agile and Scrum workshop in May 2018I would like to extend my appreciation for the support given throughout the training. My special thanks to the trainer for his dedication, learned many things from him. KnowledgeHut is a great place to learn and earn new skills.
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Attended Agile and Scrum workshop in May 2018
Rosabelle Artuso
.NET Developer
Nathaniel Sherman
Hardware Engineer.
Astrid Corduas
Senior Web Administrator
Lauritz Behan
Computer Network Architect.
Merralee Heiland
Software Developer.
York Bollani
Computer Systems Analyst.
Raina Moura
Network Administrator.
Matteo Vanderlaan
System ArchitectFrequently Asked Questions
Budgeting is essential for all functions of an organization and smart budgeting leads to optimum management. Professionals from different levels of the following departments can attend this workshop:
- Accounts & Finance Department
- Marketing department
- Operations Department
- Business Analysts
- Admin & Secretarial Professionals
- IT Support & Services Department
- Professionals interested in improving their knowledge of Budgeting and Forecasting
Planning and budgeting are key components to ensure a project’s success. So, even if a project is delivered on time and meets the end-user requirements, it is considered too expensive if it exceeds the budget. Hence stringent analysis and smart forecasting are crucial for meticulous management of budgets. Planning and budgeting are key components to ensure a project’s success. So, even if a project is delivered on time and meets the end-user requirements, it is considered too expensive, if it exceeds the budget. Hence stringent analysis and smart forecasting are crucial for meticulous management of budgets.
There are no prerequisites for this course.
Yes, this course is conducted as a virtual course. Call us for more information on the same.
On successful completion of the course you will receive a course completion certificate issued by KnowledgeHut.
You will receive 1 credit per hour of learning.
The trainers are highly qualified and certified instructors with plenty of teaching experience.
It is easy to enroll for classroom training online. There are several options to pay either through your debit/credit card that includes Visa Card, MasterCard,American Express or - via PayPal. Payment receipt will be issued to the candidate automatically by email.
Any registration cancelled within 48 hours of the initial registration will be refunded in FULL (please note that all cancellations will incur a 5% deduction in the refunded amount due to transactional costs applicable while refunding). Refunds will be processed within 30 days of receipt of written request for refund. Kindly go through our Refund Policy for more details: https://www.knowledgehut.com/refund
Please send in an email to support@knowledgehut.com and we will answer any queries you may have!