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 August 2020I would like to extend my appreciation for the support given throughout the training. My special thanks to the trainer for his dedication, and leading us through a difficult topic. KnowledgeHut is a great place to learn the skills that are coveted in the industry.
Attended Agile and Scrum workshop in January 2020I would like to extend my appreciation for the support given throughout the training. My trainer was very knowledgeable and I liked his practical way of teaching. The hands-on sessions helped us understand the concepts thoroughly. Thanks to Knowledgehut.
Attended Certified ScrumMaster (CSM)® workshop in June 2020I feel Knowledgehut is one of the best training providers. Our trainer was a very knowledgeable person who cleared all our doubts with the best examples. He was kind and cooperative. The courseware was excellent and covered all concepts. Initially, I just had a basic knowledge of the subject but now I know each and every aspect clearly and got a good job offer as well. Thanks to Knowledgehut.
Attended Agile and Scrum workshop in February 2020The Trainer at KnowledgeHut made sure to address all my doubts clearly. I was really impressed with the training and I was able to learn a lot of new things. I would certainly recommend it to my team.
Attended PMP® Certification workshop in January 2020Knowledgehut is among the best training providers in the market with highly qualified and experienced trainers. The course covered all the topics with live examples. Overall the training session was a great experience.
Attended Agile and Scrum workshop in February 2020I was totally impressed by the teaching methods followed by Knowledgehut. The trainer gave us tips and tricks throughout the training session. The training session gave me the confidence to do better in my job.
Attended Certified ScrumMaster (CSM)® workshop in January 2020KnowldgeHut's training session included everything that had been promised. The trainer was very knowledgeable and the practical sessions covered every topic. World class training from a world class institue.
Attended Certified ScrumMaster (CSM)® workshop in January 2020
Rosabelle Artuso
.NET Developer
Raina Moura
Network Administrator.
Ike Cabilio
Web Developer.
Archibold Corduas
Senior Web Administrator
Meg Gomes casseres
Database Administrator.
Garek Bavaro
Information Systems Manager
Matteo Vanderlaan
System Architect
Prisca Bock
Cloud ConsultantFrequently 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-policy
Please send in an email to support@knowledgehut.com and we will answer any queries you may have!