Finance. Boost your financial know-how.

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.

Aims

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.