Centre for Continuing Education

Budgets and Forecasts Course for Organisations

Finance. Boost your financial know-how.

COVID-19 update: arrangement of our courses

We are now delivering courses both online and in-person. Please check the delivery format for each class before you enrol.

Please note that course materials for all classes (excluding prescribed textbooks) are shared electronically within 48 hours of a course starting. Printing is not available.

Learn how to budget and forecast for your organisation. This training course is designed to provide financial skills to non-financial managers and staff; you will learn budgeting, project budgeting and financial evaluations.

The aim of this finance course is to provide a practical understanding of the workings of organisational budgets with the use of a budget framework. Students will build a project budget and understand the drivers of project financial evaluation methods.

This budgeting and forecasting course will include:

  • how organisations use budgets and the framework of an organisation-wide budget as a strategic planning tool
  • structure of a master budget; breaking it down to sales, operations, overheads budgets and the alignment to profit and loss and cash flow
  • highlighting the data sources and functionality of Excel as a budgeting tool
  • project budgets, financial evaluation methods of projects.


This course aims to:

  • build your knowledge of budgeting and forecasting terminology and concepts
  • equip you with forecasting skills, using Excel, as a precursor to setting a budget
  • demonstrate alternative ways of setting an organisational budget once forecasts have been generated
  • explain how to set and manage a project budget
  • show you how to calculate and interpret variances once a budget is set, with a view to initiating corrective action where needed.


By the end of this course, you should be able to:

  • generate forecasts using a range of techniques, and incorporating these into building a budget
  • prepare both a project-based and organisational-wide budget
  • monitor and manage a budget by correcting for variances
  • financially evaluate the payback on a capital investment using Net Present Value and Internal Rate of Return
  • communicate effectively financial support staff through use of appropriate forecasting and budgeting terminology and concepts.


This course includes the following topics:

  • Budgeting and forecast theory, terminology and process
  • Profit and Loss (P&L), balance sheet and cash flow budget
  • Data sources and forecasting concepts, including history, market conditions and Delphi method
  • Factors impacting on a budget – market conditions, internal forces, cyclical and seasonal trends
  • Framework for an organisation-wide budget
  • Setting an organisational-wide budget
  • Measuring budget effectiveness – variance analysis
  • Financial evaluation of project (Payback, basic Net Present Value and Internal Rate of Return)

Intended audience

Suitable for anyone needing to set and manage a budget for an operational unit. This could be for a profit centre, cost centre or in setting an expense budget.


Designed for people with basic finance knowledge. This is NOT an Excel course, it will assist you if you are familiar with simple formulas in Excel. Course work is designed to include practical work examples using case studies, and you will work to complete basic mathematic budget calculations. Representation of key concepts will be demonstrated in Excel and student will receive a copy of all Excel modelling demonstrated. Please ensure you bring a calculator.

Delivery style

Delivered as hands-on, computer-based training with demonstration of live examples and group discussion.

Additional information

Please bring a USB flash drive to class if you would like to make a copy of your work or any relevant class materials. Alternatively, you can save these to a cloud storage space or email them to your personal email address.


  • Expert trainers
  • Central locations
  • Course materials – yours to keep
  • CCE Statement of Completion

What others say.

  • A good course to join the dots with the technical aspects of my job.

  • Really good course – quick yet thorough. I enjoyed the practical application and the tutor was great.

  • Facility and services were both excellent. Tutor delivery was relaxed, articulate and to the point.

  • The presenter had excellent teaching skills. Their methodology was excellent, reinforcing concepts and pitching to the needs of the group. Obviously knew their subject.

Budgets and Forecasts Course for Organisations

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Budgets and Forecasts Course for Organisations

<p>{block name:“Course Tagline - Finance”}</p><p>{block name:“Course Message - Business and management”}</p><p>{block name:“Block - COVID 19 updates”}</p><p>Learn how to budget and forecast for your


What others say.

  • Great course - the presenter knows his stuff AND makes the content extremely relevant. A great learning experience.
  • I went into this course with very little confidence, as finance has never been my strong suit. The tutor changed my perspective completely. The material was easy to follow and understand, and although it felt like we were taking our time on each topic, we covered a lot in just two sessions. I highly recommend this course for anyone who wants a mix of fundamentals and practical application.
  • The tutor was excellent. Informative, clear, practical and humourous.
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