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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I was new to the Agile and Scrum way of working. Taking up a workshop at KnowledgeHut really helped me a lot to understand the concepts. Also having discussions with participants from various companies and industry verticals during the workshop was quite helpful to understand the actual and realistic way Scrum worked.
Attended Certified ScrumMaster®(CSM) workshop in November 2018It was a really amazing experience. The objective of the class was covered very efficiently with practical teaching techniques. I want to extend my great thanks to our trainer Mr. Vijay Bandaru for his innovative ideas to train us in an easy way.
Attended Certified ScrumMaster®(CSM) workshop in March 2019It was great to attend the class. This class helps me to gain knowledge about Scrum and the certification as well.
Attended Certified ScrumMaster®(CSM) workshop in May 2018I learned a lot about Scrum framework, along with the rules, artifacts, and roles at the workshop. It’s good for the professionals from beginners/intermediate/advanced level fo knowledge. The curriculum was precise and I understood the concepts through various real-time scenarios. The trainer was great and I enrolled in CSPO with the same trainer. Outstanding CSM class, I learned a lot of new stuff. This training also helped me pass PSM I in the first attempt with a 95% score.
Attended Certified ScrumMaster®(CSM) workshop in June 2018
Frequently 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: http://www.knowledgehut.com/refund
Please send in an email to support@knowledgehut.com and we will answer any queries you may have!