Budgeting, Forecasting and Control

Achieving Robust Financial Practices in Your Organisation

5 Found
Date Duration Venue Fees
18-22 Dec 2023 5 Days Athens - Greece US$4,450 Register
24-28 Jun 2024 5 Days Dubai - UAE US$4,450 Register
02-06 Sep 2024 5 Days London - UK US$5,450 Register
11-15 Nov 2024 5 Days Dubai - UAE US$4,450 Register
16-20 Dec 2024 5 Days Athens - Greece US$5,450 Register

Course Overview

Acquire the knowledge of budgeting, forecasting, and controlling to set your company up for success. Budgeting is the process of creating a plan for spending a company’s money. This spending plan is called a budget. By creating this spending plan, you can determine in advance whether your business has enough money to do what it needs to do. Budgeting is simply balancing your expenses with your income. If you can’t balance it and spend more than you earn, your company will have problems and more debt each year. When your company doesn’t have enough money to do everything it wants to do, the planning process can be used to prioritise spending and focus money on what matters most.

The participants will learn how to perform predictions in this 5-day Budgeting, Forecasting & Controlling training course. It is a technique that uses historical data as input to make informed estimates and predict the direction of future trends. Organisations use forecasts to determine how to allocate budgets and plan expected expenses for the next period. It is usually based on forecast demand for the goods and services offered. Therefore, managing budgeting and forecasting is also covered in this programme.

Course Objectives

This training course intends to train you about the knowledge and skills to develop the most efficient budget and forecast for your business’s money and how to control it.

After the training course, the participant will learn to:

  • Understand the basics of budgeting
  • Attain methods of analysis of budgets
  • Forecast revenues and costs
  • Understand the different components of the financial statements thoroughly
  • Develop all elements of the budget

Target Audience

This training course is for the finance population and is designed to widen and extend your knowledge of the key financial dimensions of Budgeting, Forecasting & Controlling.

It is suitable for a wide range of working professionals, including (but not limited to) the following:

  • Accounting Officers and Managers
  • Finance Officers and Managers
  • Risk Officers and Managers
  • Quality Assurance Officers and Managers
  • Internal/External Audit Officers and Managers
  • Ministry of Finance Staff Members
  • Head of Departments
  • Financial Decision Makers
  • Executives doing Budgets

Training Methodology

This training course builds on instruction on the latest developments in Budgeting, Forecasting & Controlling. It includes real-life case studies, video adaptations, self-assessments, participatory discussions, and a wide range of information to make the course an exciting and enriching learning experience, combined with many exercises.

Course Outline

Day One


  • What is Budgeting?
  • What is Forecasting?
  • What is Controlling?
  • Creating a Plan for Spending
  • Determine the needed Money for the Business
  • Balance the Expenses with the Income
Day Two

Benefits of a Forecast Budget

  • Process the Analysis
  • Set the Time Frame
  • Evaluate the Results
  • Ongoing Monitoring
  • Refer to Reliable Data
Day Three

Financial Forecast

  • Quantitative Forecasting vs Qualitative Forecasting
  • Implications of Cash Flow
  • Financial Requirements
  • Choices of Investing & Decision Making
  • Efficiency & Plan Improvement
  • Change in Strategy
Day Four

Types in Financial Investing Models

  • Bottom-Up Financial Forecasting
  • Top-Down Financial Forecasting
  • Correlation Forecasting
  • Statistical Forecasting
  • Delphi Forecasting
  • Assets and Liability Management Forecasting
Day Five

The Efficient Cost Control

  • Create a Baseline
  • Identify & Investigate the Variance
  • Put an Action Plan
  • Controlling Budget
  • Controlling Expenses against Income


Upon successful completion of this training course, Newage Certificate will be awarded to the delegates.

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