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Budgeting and Forecasting in Excel

(PS)-00005

Sydney

$880.00per person

1 Day, 9:00am - 5:00pm

Public / Open

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.
    Part One: Budgeting and Forecasting Theory
  • Budgets and Strategic Planning
  • Using Budgets as Performance Management
  • Reporting
  • Budgeting Techniques
  • Limitations of budgets
  • Budgeting ""Soft"" Skills


  • Part Two: Budget and Forecast Modelling
  • Building a Budget
  • Building a Forecast
  • Reporting
  • Scenarios

This course is delivered in two parts; the first part of the 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. In the second part of the 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.
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.
    Part One: Budgeting and Forecasting Theory
  • Budgets and Strategic Planning
  • Using Budgets as Performance Management
  • Reporting
  • Budgeting Techniques
  • Limitations of budgets
  • Budgeting ""Soft"" Skills


  • Part Two: Budget and Forecast Modelling
  • Building a Budget
  • Building a Forecast
  • Reporting
  • Scenarios

This course is delivered in two parts; the first part of the 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. In the second part of the 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.

Plum Solutions

Plum Solutions delivers training in the following course categories

  • Financial Modeling
  • Financial Services

Plum Solutions Training Courses and Open Programs in Sydney, Melbourne and Brisbane, Australia.

Short Courses and In-House Training Programs:

With Training Courses available in these categories:

Financial Modelling | Budgeting & Forecasting | Business Cases & Pricing Models | Data Analysis

Call us to book on 1300 768 368

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