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Training Course ID: (PS)-10022
If you are new to the budgeting and forecasting process, this practical course will cover issues such as using budgets to measure staff performance, linking budgets to the strategic planning process and a comparison of budgeting techniques. We will explore the difference between budgets and forecasts, and you will learn how to create your own budget, rolling forecast, variance report and budget scenarios in Excel.
This course is delivered in two parts; the first day covers the theory of budgeting and forecasting within organisations. Issues such as budgeting to organisational objectives, level of granularity and selecting the correct budgeting tool will be discussed. Students are encouraged to share their own experiences with the class. On the second day, students will build their own budget and forecasting model to bring a practical application to the skills they have learned. The model will include a budget, rolling forecast, variance report as well as scenarios and sensitivity testing.
Part one: Budgeting and Forecasting Theory
Part two: Budget and Forecast Modelling
This course is designed for users who use Excel fairly regularly, and are comfortable with using simple functions. It is assumed that the user will know how to create simple formulas, and link between workbooks.
Plum Solutions delivers training in the following course categories
Plum Solutions Training Courses and Open Programs in Sydney, Melbourne and Brisbane, Australia. With Training Courses available in these categories:
Accounting & Taxation | Business Courses | Communication Skills | Financial Services