Advanced Budgeting (Best Practices and Technology) Course

This course is considered the second level in budgeting after our 'Effective Budgeting and Cost Control' program. It goes beyond the theory of budgeting as a concept to cover specific steps to make the budget a value-added process in theorganization. By building user-friendly models and applying scenario analysis, management will spend less time gathering data and more time in analyzing it for decision making. Several Microsoft Excel tools are used throughout this course program to make it practical and to provide participants with the skills needed to apply the tools in their organization immediately. Such tools include 'what-if' analysis and the Solver,among many others.

The course also highlights some of the main forecasting models and the detailed evaluation of capital budgeting techniques, all of which are applied in Microsoft Excel and put into practice.

Target Audience

Finance directors, managers, controllers, accountants, budget analysts, budget owners and professionals who wish to expand their budgeting knowledge.

Target Competencies

• Budgeting
• Building models in Microsoft
• Excel
• Forecasting
• Evaluating proposals
• Applying Microsoft Excel
• functions and tools
• Assessing budgeting
• process

Course Methodology

• The course is a hands-on application on how to use MS Excel.
• Participants will be involved in exercises, individual and group
• presentations, and working on case studies.

Course Objectives

By the end of the course, participants will be able to:

• Create budget templates and models for their departments or organizations
• Apply several forecasting techniques to better manage uncertainties in budgeting
• Evaluate capital budgeting decisions using several methods and recommend proper action
• Utilize Microsoft Excel functions and tools in the budgeting process
• Evaluate the budgeting process in their organization and recommend improvements