Advanced Budgeting Workshop

Created by LEC Team
Last updated Mon, 27-Mar-2023
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Bu building easy-to-use versions and using situation evaluation, monitoring will certainly spend much less time gathering data and also even more time evaluating it for decision-making. Several Microsoft Excel devices are made use of throughout this course program to make it useful and also to offer participants the abilities required to apply the devices in their organization immediately. Such devices consist of 'what-ifs' and the solver, amongst many others.

Training Course Goals of Advanced Budgeting Workshop


  • Produce budget design templates and designs for their departments or organizations
  • Use several projecting techniques to take care of uncertainties in budgeting
  • Evaluate capital budgeting choices using several methods and suggest appropriate action
  • Make use of Microsoft Excel functions and devices in the budgeting procedure
  • Assess the budgeting procedure in their organization as well as suggest renovations


Day 1
Budgeting and Planning

  • The budget and the functions of management

  • Budget as a planning tools

  • Budget and the key financial statements

  • Top-down versus bottom-up process



Day 2
Budget Cycle, Process and approaches

  • The budget cycle

  • The characteristics of successful budgeting

  • Making the budget a value-adding activity

  • Top tem problems with budgeting

  • Choosing the proper budgeting approach

  • Incremental budgeting

  • Zero-based Budgeting

  • Flexible Budgeting

  • Kaizen Budgeting

  • Activity based budgeting

  • Rolling (continuous) budgets and forecasts

  • The master budget and its components

  • Operating and capital budgets

  • Best practices in budgeting

  • Creating a user friendly template



Day 3
Forecasting Techniques

  • Forecasting models'

  • Qualitative and quantitative methods

  • Steps in developing forecasting models

  • Time series and trend analysis

  • Data conditioning techniques

  • Exponential smoothing and moving averages

  • Simple and multiple regression analysis



Day 4
Advanced capital budgeting evaluation techniques

  • Business risks and capital

  • Classifying investment projects

  • Cash flow estimation

  • Analyzing investment and operating cash flows

  • Time value of money concepts

  • The required rate of return

  • Net Present Value (NPV)

  • Internal Rate of Return (IRR)

  • Multiple Internal Rate of Return (MIRR)

  • Profitability Inderx (PI)

  • Payback period and discounted payback period

  • Capital rationing

  • Comparing and evaluating techniques

  • Sensitivity and risk analysis



Day 5
Breakeven analysis and optimization techniques
  • Cost Volume Profit (CVP) analysis

  • Using CVP to reach a target income

  • Single product and multiple products breakeven analysis

  • Working with budget constraints

  • Building optimization models


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2023-05-15 Paris $5750 Details
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2023-11-27 Berlin $5750 Details
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