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Budget Analysis and Forecasting Training in Lagos, Nigeria
Rated 5/5 based on 96 customer reviews

Budget Analysis and Forecasting Training in Lagos, Nigeria

Master fundamental budgeting principles and forecasting methods with KnowledgeHut!

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Modes of Delivery

Online Classroom

Collaborative, enriching virtual sessions, led by world class instructors at time slots to suit your convenience.

Team/Corporate Training

Our Corporate training is carefully structured to help executives keep ahead of rapidly evolving business environments.
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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

24 hours intensive classroom training
Learn best practices in budget analysis and forecasting
Extensive exercises to master techniques and strategies
Case Studies for real world understanding
Downloadable e-book
KnowledgeHut issued course completion certificate for better job prospects
Budget: Background
Budget and business plan
Budget and forecast
Budget and the business strategy
Budgeting process
The planning cycle
Potential problems
  • 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 KnowledgeHut course covered all concepts from basic to advanced. My trainer was very knowledgeable and I really liked the way he mapped all concepts to real world situations. The tasks done during the workshops helped me a great deal to add value to my career. I also liked the way the customer support was handled, they helped me throughout the process.

Attended PMP® Certification workshop in May 2018

Everything from the course structure to the trainer and training venue was excellent. The curriculum was extensive and gave me a full understanding of the topic. This training has been a very good investment for me.

Attended Certified ScrumMaster (CSM)® workshop in May 2018

All my questions were answered clearly with examples. I really enjoyed the training session and am extremely satisfied with the overall experience. Looking forward to similar interesting sessions. KnowledgeHut's interactive training sessions are world class and I highly recommend them .

Attended PMP® Certification workshop in May 2018

I would like to thank the KnowledgeHut team for the overall experience. My trainer was fantastic. Trainers at KnowledgeHut are well experienced and really helpful. They completed the syllabus on time, and also helped me with real world examples.

Attended Agile and Scrum workshop in May 2018

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 2018

The workshop held at KnowledgeHut last week was very interesting. I have never come across such workshops in my career. The course materials were designed very well with all the instructions were precise and comprehenisve. Thanks to KnowledgeHut. Looking forward to more such workshops.

Attended Certified ScrumMaster (CSM)® workshop in May 2018

The workshop was practical with lots of hands on examples which has given me the confidence to do better in my job. I learned many things in that session with live examples. The study materials are relevant and easy to understand and have been a really good support. I also liked the way the customer support team addressed every issue.

Attended PMP® Certification workshop in May 2018

I am really happy with the trainer because the training session went beyond my expectations. Trainer has got in-depth knowledge and excellent communication skills. This training has actually prepared me for my future projects.

Attended Agile and Scrum workshop in May 2018
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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:  https://www.knowledgehut.com/refund-policy

Please send in an email to support@knowledgehut.com and we will answer any queries you may have!


Budget Analysis and Forecasting Course in Lagos

Budget Analysis & Forecasting – Lagos

Lagos  is  Nigeria’s  largest  city  and  is  also  its  cultural  and  financial  capital.  This  vibrant  city  is famous as a centre of entertainment and nightlife options. Some of the landmarks here are the Bar Beach, Nigerian National Museum and Victoria Island. The city is known for its music scene with  many  world-famous  genres  and  artists  based  here.  Lagos  is  also  where  a  significant majority  of  Nigeria’s  workforce  is  located  and  this  city  is  fertile  ground for  ideas  and  new businesses.  In  this  city  that  represents  the  African  rise,  KnowledgeHut  presents  the Budget Analysis Certification Courses.

About the Course

Sound financial planning and correct forecasting is an important prerequisite for a project to be managed  successfully.  With  careful  budgeting  and  forecasting,  organizations  will  be  closer  to achieving their goals and achieve faster growth. The KnowledgeHut Budgeting and Forecasting Training Courses in Lagos are comprehensive online workshops that will equip participants with the fundamentals of this important topic. The course will be spread over 3 days and will be led by  expert  faculty.  At  the  end  of  this online training,  you  will  be  provided  a  course  completion certification, and the lessons learnt here will help you pass any exam based on budgeting and forecasting fundamentals.

In  the  beginning of  the Forecasting  Training  Online  in Lagos,  our training  instructors  will  teach you  about  the  basics  of  a  budget,  including  its  place  in a  business  plan,  and  relationship  with forecasting  and  business  strategy.  You  will  be  introduced  to  the  planning  cycle  and  other techniques like developing budgets and the types of budgets – fixed, flexed & rolling.   In these online classes, you will also learn about the methods of budgeting and the different approaches to budgeting like activity oriented, top down and bottom up. As  the Budgeting  and  Forecasting Certification in Lagos progresses, you will be taught about the essential components and facets of operational and financial budgets. This KnowledgeHut will include tools and exercises to help you  sharpen  your  techniques  and  the  courseware  includes  case  studies  based  in  real  life situations. The Budgeting   and   Forecasting   Certification   in   Lagos   will   also   include   a downloadable e-book for extra guidance.

The KnowledgeHut Advantage

 

With a presence in cities across 70 countries, KnowledgeHut has helped thousands of students gain  important  career  changing  credentials  with  the  help  of  its e-learning  programs.  Our Budgeting  and  Forecasting  Training  Courses  in  Lagos  are  delivered  using  the  latest  online learning methods which combine easy access and a live classroom environment. This course is designed  to  be  easily  understood  by  students  with non-financial  background  also. This KnowledgeHut  training  is  available  at  a  very  good price  and  is  an  ideal  learning  program  for Business Analysts and professionals working in the Accounts, Finance, Marketing or Operations departments and IT Support & Services.        

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