Exam Preparation
CBA™Certified Budget AnalystAdvanced Tools in Budgeting, Forecasting and Reporting
Rating:
English
Advanced
FACE 2 FACE
ON SITE TRAINING
LIVE VIRTUAL
TRAINING
COACHING
& MENTORING
SELF-PACED
TRAINING
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Course Overview
This programme has been designed to provide participants with a broad view and understanding of financial budgeting for enterprises. A discussion of financial statements is essential when considering the creation or analysis of financial budgets. An understanding of how costs behave, and how they can be derived and allocated across the various business units, is also an important part of preparing
Key Takeaways
1
Prepare budgets using appropriate methods and supporting schedules.
2
Prepare budgets using appropriate methods and supporting schedules.
3
Apply forecasting approaches to project revenues and costs within the budgeting process.
4
Interpret the key elements of financial statements in support of budgeting decisions.
5
Build a complete master budget integrating its operating and financial components.
International Academy of Business and Financial Management
The International Academy of Business and Financial Management™ (IABFM) is a global professional association offering certification training programs worldwide. IABFM™ hosts and organizes professional development courses and grants exclusive board designations to candidates who successfully meet its established standards and assessment criteria. With more than 200,000 members and affiliates across over 145 countries, IABFM™ focuses on advancing careers in business, finance, and management through specialized certifications.
Course Outline
Day 1
Master Budget and Responsibility Accounting
- Evaluate the advantages and limitations of budgeting in organisational planning and control
- Explain the concept of the master budget and assess its strategic and operational benefits
- Analyse an operating budget and interpret its key supporting schedules
- Apply sensitivity analysis techniques to assess the robustness of financial planning models
- Examine responsibility centres and the role of responsibility accounting in performance management
- Explore variance analysis and its role in monitoring budget performance and decision-making
- Assess the behavioural and managerial implications of budgeting, including motivation, incentives, and budgetary slack
Day 2
Flexible Budgets, Direct Cost Variances and Management Control
- Differentiate between static and flexible budgets and evaluate their use in performance management
- Analyse flexible budget variances and interpret their implications for operational control
- Case Study: Evaluate performance by calculating variances using standard costing techniques
- Explain the role of standard costs in variance analysis and cost control systems
- Case Study: Analyse material, labour, and variable overhead variances to assess cost efficiency
- Assess price and efficiency (usage) variances across key direct cost categories
- Examine the role of benchmarking in cost management and continuous improvement
- Integrate variance analysis into management reporting to support corrective decision-making
- Critically assess the limitations of standard costing in modern, dynamic business environments
Day 3
Overhead Cost Variances and Management Control
- Compare and contrast the planning of variable and fixed overhead costs, highlighting key similarities and differences
- Analyse and differentiate between variable overhead efficiency variances and overhead spending variances
- Case Study: Apply and compare the three methods for calculating overhead variances
- Explain how the variable overhead efficiency variance differs from efficiency variances for direct cost categories
- Case Study: Calculate and interpret standard cost variances for variable overhead
- Compute and interpret the budgeted fixed overhead cost rate in cost allocation processes
- Explain how the four-variance analysis approach reconciles actual overhead costs with allocated overhead during a period
- Case Study: Demonstrate the reconciliation of actual and allocated overhead using the four-variance analysis approach
Day 4
Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis
- Identify and explain the four primary purposes for allocating costs to cost objects
- Evaluate the key criteria that guide effective cost-allocation decisions
- Explain the concept of the cost hierarchy and its application to customer-level costing
- Analyse why customer-level costs differ across customers and their implications for profitability
- Case Study: Assess customer profitability using cost allocation and revenue analysis
- Decompose the sales-volume variance into sales-mix and sales-quantity components and interpret their drivers
- Case Study: Analyse sales price, mix, quantity, market share, and market size variances
- Case Study: Evaluate cost, efficiency, mix, and yield variances to assess operational performance
Day 5
Capital Budgeting and Cost Analysis
- Explain the multi-period perspective and strategic importance of capital budgeting decisions
- Describe and critically evaluate the six key stages of the capital budgeting process for investment projects
- Identify and distinguish relevant cash inflows and outflows for capital budgeting analysis
- Apply and evaluate four discounted cash flow (DCF) techniques: Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR), and Profitability Index (PI)
- Case Study: Calculate and compare all four DCF methods to support informed investment decisions
- Case Study: Rank competing projects using NPV, IRR, MIRR, and PI and interpret conflicting results
- Case Study: Calculate Additional Funds Needed (AFN) to assess financing requirements for project implementation
Who Should Attend?
This highly practical and interactive course has been specifically designed for
→ Budgeting and planning personnel
→ Capital and resource planning staff
→ Managing Directors
→ Finance managers
→ Financial Controllers
→ Senior and mid-level management
→ Department managers
→ Strategists
→ Data analysts
→ Risk controllers
→ Board members
FAQ
What language will the course be taught in and what level of English do I need to take part in a LEORON training program?
Most LEORON courses are delivered in English. However, there are some courses offered in Arabic, mainly online. For our in-house courses, sessions can be curated and delivered in any language upon request. In general, the best way to confirm language availability is to check with our Enrollment Managers for the most up-to-date information. Simply click on “Let’s talk on WhatsApp” to chat with us directly.
What formats are the courses offered in?
LEORON delivers training in various formats including face-to-face, live virtual sessions, self-paced learning, in-house delivery as well as online courses.
Are LEORON Public courses certified by an official body/organization?
Yes, most LEORON public courses are accredited by internationally recognized bodies such as CIPD, ATD, PMI, EdEx, and many others—depending on the course.
Who accredits LEORON’s training programs?
LEORON partners with over 20 international bodies such as PMI, CIPD, ATD, EdEx, NASBA, CISI, GARP, HRCI, SHRM, ACCA, ASQ, IIA, ILM, IAC, and others
Are CPD points or PDUs provided?
Yes, learners can earn CPD credits and professional development units (PDUs) including NASBA CPEs, PMI PDUs, CISI, GARP, HRCI, SHRM, and more.
How can I register for a course?
You can register through our website by filling in the inquiry form, or by speaking directly with one of our consultants via WhatsApp or email. Once we confirm your interest, we’ll guide you through the steps.
When is the registration deadline for public courses?
Registration typically closes 14 days before the course start date, with occasional late registrations accepted upon confirmation
What is included in the course fee?
The fee generally covers 5-star venue facilities, training materials, certified instruction, lunches and refreshments, plus certification and membership where applicabl0065
Are there group rates or discounts?
Yes, group bookings and corporate-level discounts are available. Learners are encouraged to reach out to discuss specific arrangements
What support is available with registration?
Enrollment Managers and a Registration Desk assist with the entire process, including deadlines, travel logistics, and course customization. As well as any other special requests you might have. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Can I request a bespoke course at my location or within my organization?
Yes, in-house training is fully customizable in terms of curriculum, language, delivery, and timing. You can suggest dates and locations. Simply to go your preferred course and click on “Let’s chat on WhatsApp” in order to address any questions or concerns in this regards.
What is the refund or cancellation policy?
Refund and cancellation policies vary depending on the course type and location. Generally, cancellations made at least 14 days before the course start date may be eligible for a full or partial refund, while cancellations made closer to the course date may incur a fee. For exact terms, please consult your Enrollment Manager or refer to the course confirmation email.
Can I register multiple employees from my company?
Yes. We support group registrations and offer corporate packages for organizations enrolling multiple participants. Our team can help coordinate the logistics for group bookings.
Who should attend these courses?
LEORON caters to a variety of professionals: from those seeking leadership development to project managers, HR specialists, finance professionals, cybersecurity, procurement, Ai enthusiasts and many others.
Do I need prior experience or academic qualifications?
Not always. Many specialized paths, like cybersecurity, accept learners without prior experience. However, some courses (e.g., PMI PDU-based ones) may have recommended prerequisites. Its always better to chat with one of our Enrollment Managers to discuss more. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Will I receive a certificate after completing the course?
Yes. Upon full attendance and successful completion, you will receive a certificate of participation or accreditation, depending on the course.
Are meals and refreshments included in face-to-face courses?
Yes. For in-person courses, lunch and coffee breaks are provided daily at the venue.
Can LEORON deliver a course in-house at our organization?
Absolutely. All programs can be delivered privately at your company or virtually for your team, customized to match your internal goals and structure.
Reviews
- Review:Certified Professional in Quality and Patient SafetyWe have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,Nasser M. Al-Subaie
- Review:Certified Professional in Quality and Patient SafetySince the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.Emad Alrajih
- Review:Certified Professional in Quality and Patient SafetyDating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider “LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,Turki S. Alsahaan
- Review:IAMM Internal Audit Maturity ModelIn recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!Dalal Kutbi
- Review:IAMM Internal Audit Maturity ModelIn recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!Dalal KutbiCountry Learning & Development Manager at IKEA Saudi Arabia
- Review:Certified Professional in Quality and Patient SafetyDating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,Turki S. AlsahaanDir L&D, Talent Management at Mobily, Etihad Etisalat Company
- Review:Certified Professional in Quality and Patient SafetySince the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.Emad AlrajihVP, Business Winning at BAE Systems Saudi Development & Training
- Review:Certified Professional in Quality and Patient SafetyWe have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. LEORON has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,Nasser M. Al-SubaieSr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen
