Recognize concepts, strategies, and practices applied in various business contexts.

Apply budgeting techniques, principles, and practices effectively.

Evaluate the use and significance of budget forms for organizational decision-making.

• Introduction to Budgeting

  • Assessing Organizational Spending Budgets

  • Assess organization existing spending budget, manager’s funds, spending budget forms, and pre-budgeting activity

  • Recognize natural issues in the process of budgeting

•  Understanding Budget Plans

  • Evaluation of Budget Plans

  • Evaluate how budget plans enable the presence of inherent issues

  • Recognize the “must” components of preparing a budget

  • Evaluate your financial plans

• Organizational Outputs and Inputs

  • Identifying Organizational Outputs and Inputs

  • Identify and determine an organization’s outputs

  • Determine what controls those outputs

  • Verify types of organizational inputs

  • Integrate the inputs specific to your organization

• Cost Identification and Uncertainty Preparation

  • Managing Costs and Uncertainty

  • Identification of costs and cost drivers

  • Preparation for uncertainty

  • Realizing assumptions as vital tools to overcome uncertainty

  • Determine uncontrollable internal factors and external environmental factors

  • Provide individuals with resources to properly communicate problems and opportunities to employers, subordinates, and peers

• Revenue Forecasting and Budget Approval

  • Budget Numbers and Revenue Forecasting

  • Recognize the sources of budget numbers

  • Specify the crucial questions that should be answered prior to revenue forecasting

  • Recall the concepts of proper cost budgeting

  • Verify the various kinds of capital expenditures

  • Formulate procedures for getting budget approval

• Transfer Your training path continues in your participant space. Log in to access resources, self-assess your skills acquired during your training, and facilitate the implementation of your commitments in your professional context.

Numerous practical examples illustrating the different studied concepts

Practical cases carried out in Excel by the participants at each key stage of the training

• All managers and management employees and their assistants who are involved in the budgeting process.

• All who needs to set and manage budgets but don't have the expertise or specific training in this area of finance.

• Have knowledge of accounting basics

• Training structured around skill transfer

• Acquisition of operational skills through practice and experimentation

• Collaborative learning during synchronous sessions

• Multi-stage learning path to allow engagement, learning, and transfer

• Training promoting participant engagement for better anchoring of lessons

• Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.

• Online training evaluation on your participant space:

  • Immediate evaluation at the end of the training to measure your satisfaction and perception of skill improvement against training objectives. With your agreement, your overall rating and comments will be published on our site via Verified Reviews, NF Service Certified Solution

  • Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace

• Attendance tracking and issuance of an individual training certificate or a certificate of completion