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Home All Courses CBA Certificate in Budget Analysis
4.8

CBA Certificate in Budget Analysis

Advanced Tools in Budgeting, Forecasting & Reporting

4 alternative location(s) available

Course Overview

This program has been designed to provide the participants with a broad view and understanding of financial budgeting for enterprises. A discussion of financial statements is a must when considering the creation or analysis of financial budgets. Also, an understanding of how costs behave and how they can be derived and allocated to the various aspects of the business units is also an important part of preparing budgets.

We will be discussing various budgeting methods that have been used and are still in use today in various enterprises. We will also be discussing the methods we can use to assess whether a budget is appropriate and should be approved, and in some cases, whether a project should be undertaken at all.

And finally, no discussion about budgets can be complete without assessing how well a company or sub-unit has actually performed in relation to their budget, and understanding why there are any differences, which there will usually always be.

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5 Key Takeaways

1

Understanding of how to prepare budgets.

Ability to analyse budgets using various methods.

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Improved ability to forecast revenues and costs.

Understanding of the key elements of financial statements.

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5

Ability to prepare a complete master budget.

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Course Outline

DAY ONE

SESSION 1: Introduction to budgeting

  • What is a budget?

  • The functions and roles of budgeting

  • The budget manual

  • Participative Budgeting

  • Management by Objectives MBO

  • The master budget

Activity: Each participant will be required to share with the group the various types of budgets they have prepared previously and how they used them in their circumstances.

SESSION 2: Understanding financial statements

  • The building blocks of financial statements: the accounting principles

  • The accounting cycle

  • The accounting equation

Activity: The participants will be required to identify from a list of transactions which types of accounts are affected and their impact on the relevant financial statements.

  • What is the purpose of each financial statement?

  • A simple example of preparing a cash flow statement from the other financial statements

  • What are the impacts of business decisions on the cash flows?

DAY TWO

SESSION 3: Responsibility centres and forecasting revenues

  • What are the main types of responsibility centres?

  • What methods can be used to forecast revenues?

  • Where to obtain external information?

Activity: The participants will be required to forecast the revenues of a case study company using the methods discussed.

SESSION 4: How do costs behave?

  • The relationship between volume and costs

  • Cost classification by nature and function

  • The concept of cost drivers

  • The high-low method for forecasting costs

  • Other approaches for forecasting costs

SESSION 5: Commonly used methods for allocating costs to products, departments or services

  • Why are there more than one costing methods?

  • Variable costing vs absorption costing

  • Job costing vs process costing

  • Standard costing

  • Activity based costing (ABC)

Activity: The participants will first be required to discuss what, in their opinion, would be the most appropriate method of allocating costs under some given scenarios, and thereafter calculate the costs to be allocated using the methods we discussed.

DAY THREE 

EDUCATIONAL PARTNER

LEORON - Professional Development Institute

Built upon the strong experience in the manufacturing sector, which the founders developed in Sweden during the 90’s global expansion, LEORON evolved into a comprehensive training institute, offering training and development solutions in all strategic corporate functions, including corporate finance, HR, SCM, operations, and engineering.

With strategic distribution of our offices in leading locations, such as Dubai, Riyadh, Jonkoping, Skopje, Accra, and Almaty, our team of experts delivers approximately 500 courses annually, and roughly 10000 professionals are equipped with appropriate education and the latest insights in a wide assortment of industries across the EMEA region.

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Who Should Attend?

This highly practical and interactive course has been specifically designed for:

  • Budgeting and planning personnel

  • Capital and resource planning

  • Managing Directors

  • Finance managers

  • Financial Controllers

  • Senior and mid-level management

  • Department managers

  • Strategists

  • Data analysts

  • Risk controllers

  • Board members

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FREQUENTLY ASKED QUESTIONS

Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.

LEORON Institute partners with 20+ international bodies and associations.
We also award continuing professional development credits (CPE/PDUs) for:
1. NASBA (National Association of State Boards of Accountancy)
2. Project Management Institute PDUs
3. CISI credits
4. GARP credits
5. HRCI recertification credits
6. SHRM recertification credits

The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +971 4 447 5711 or [email protected].

The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.

Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

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