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Budget Analysis and Forecasting Training in Melbourne, Australia
Rated 5/5 based on 96 customer reviews

Budget Analysis and Forecasting Training in Melbourne, Australia

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 trainer was really helpful and completed the syllabus on time and also provided live examples which helped me to remember the concepts. Now, I am in the process of completing the certification. Overall good experience.

Attended PMP® Certification workshop in May 2018

Overall, the training session at KnowledgeHut was a great experience. I learnt many things. I especially appreciate the fact that KnowledgeHut offers so many modes of learning and I was able to choose what suited me best. My trainer covered all the topics with live examples. I'm glad that I invested in this training.

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

KnowledgeHut has excellent instructors. The training session gave me a lot of exposure to test my skills and helped me grow in my career. The Trainer was very helpful and completed the syllabus covering each and every concept with examples on time.

Attended PMP® Certification workshop in May 2018

I was impressed by the way the trainer explained advanced concepts so well with examples. Everything was well organized. The customer support was very interactive.

Attended Agile and Scrum 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

It is always great to talk about Knowledgehut. I liked the way they supported me until I got certified. I would like to extend my appreciation for the support given throughout the training. My trainer was very knowledgeable and I liked the way of teaching. My special thanks to the trainer for his dedication and patience.

Attended Certified ScrumMaster (CSM)® workshop in May 2018

Knowledgehut is the best platform to gather new skills. Customer support here is very responsive. The trainer was very well experienced and helped me in clearing the doubts clearly with examples.

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 Melbourne

 

 Known as the sports and cultural capital of Australia, Melbourne is the ideal place to live, and thanks to the varied recreational facilities and natural tourist places, this city offers   a   happening   lifestyle.   Melbourne   also   houses   headquarters   of   several industries  and  corporate  giants  and  has  enormous  career  opportunities  for  talented individuals.

The  high  quality  educational  facilities  and  efficient  infrastructure  brings  loads  of talented professionals to  Melbourne  and  to thrive  in  such  competitive atmosphere  it is  important  to  possess  high  quality  skills  and  knowledge  in  the  respective  work domain.   KnowledgeHut   provides   ample certification   and   learning   facilities   to professionals  who  seek  skill  improvement  and  are  looking  for  a  prosperous  career. The Budgeting  and  Forecasting  certification  in  Melbourne  from  KnowledgeHut  is designed  according  to  the  evolving  industry  demands  and it  provides  insight  to  the participants in the methodologies, techniques and features of effective budgeting and forecasting. 

Why this course?

Budgeting helps organizations to manage their finances effectively and is also useful for determining the cost of various  projects. Through effective budgets, corporations are able to plan their resources and can understand which processes are important, and can divert their attention accordingly. This effective system of planning resources also enables the managers to understand the limits they can go to complete a project successfully. Through forecasting, it is easier to manage large and extensive projects that   involve   various   stages.   Forecasting   helps   in   understanding   the   various challenges  that  the  projects  will  face  in  the  near  future  and  provides  ample  time  to prepare  for  these  challenges.  The  benefits  of  having  effective  budgeting  and forecasting are immense and hence several organizations from varied industries are focusing an adopting and implementing these strategies. 

 Keeping Ahead of the Curve

After   successfully   completing   the Budgeting   and   Forecasting   certification   in Melbourne, you  will  have  the  confidence  and  ability  to  manage  financial  aspects  of projects  effectively.  The  immense  popularity of  budgeting and  forecasting  strategies has  created  enormous  demand  for  professionals  who  have  mastery  over  this  work domain.  By  completing  the Budget  Analysis  certification  courses,  your  professional career  will  get  a  boost  and  you  will  hold  a  definite advantage  over  your  peers.  The extensive training from KnowledgeHut also comes in handy when you are looking to take up an exam with regard to this methodology.

Why KnowledgeHut?

 

KnowledgeHut  is  a  premier  training  institute  which  provides  an  array  of  courses  to professionals  to  hone  their  specific  skill  sets.  These  courses are  conducted  by  the trained  faculty  members  who  help  in  making  the  learning  process  comfortable  and are  also  available  for  assistance.  For  learners  with a time  constraint,  there  is  the option of online and e-learning facility that helps them in pursuing the course at their own  pace.  With online  classes  and online  training,  completing  the Forecasting training online in Melbourne becomes convenient.  

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