This advanced budgeting goes beyond the theory of budgeting as a concept, it covers specific steps to make the budget a value-added process in the organization. By building user-friendly models and applying scenario analysis, management will spend less time gathering data and more time analyzing this data for decision-making. Several Microsoft Excel tools are used throughout this course to make it practical and to provide participants with the skills needed to apply these 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.

Learning Objectives:

At the end of the program, participants will be able to:

• Evaluate the budgeting process in their organizations and recommend improvements
• 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 including breakeven analysis and optimization

For Whom:

This program is designed for finance directors, managers, controllers, accountants, budget analysts, budget owners and professionals who wish to expand their budgeting knowledge.