A Highly Interactive Training Course On

Integrating Budgeting, Forecasting & Business Planning

Financial Skills for Effective Long and Short-Term Planning

Integrating Budgeting, Forecasting & Business Planning
Course Schedule

CLASSROOM

27-31 Jan 2025
Istanbul
$5,950
30 Jun-04 Jul 2025
Munich
$5,950
22-26 Sep 2025
London
$5,950
01-05 Dec 2025
Dubai
$5,950

ONLINE

02-06 Jun 2025
Online
$3,950
13-17 Oct 2025
Online
$3,950
Certificate
  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Training Overview

Training Overview

In today's turbulent markets, companies must meticulously integrate their Business Plans with Budgeting, Forecasting, and Cost Analysis to succeed. This Coventry Academy training course offers both theoretical foundations and practical skills necessary for establishing world-class standards in planning, budgeting, performance measurement, and reporting.

Participants will engage in a blend of analytical techniques, problem-solving exercises, and real-world case studies, equipping them with key concepts and practical skills essential for managing processes, projects, and departmental units. This training emphasizes the crucial link between budgets, strategy formulation, and effective cost tracking, empowering delegates to navigate the challenges of increasing global competition successfully.

What are the goals?

By attending this Coventry Academy training course, you should achieve these goals:

  • Understand the Integration Among Planning, Budgeting and Costing
  • Appreciate Cost Behavior and Cost Allocation
  • Improve Budgeting and Financial Skills to Take Better Decision
  • Understand Capital Budgeting and Project Appraisal
  • Design Reports and KPIs for Measuring Performances

Who is this Training Course for?

This Coventry Academy training course is designed for anyone involved in the budget and business planning process within their organization. It is equally appropriate for those who manage projects and who wish to have a greater understanding of how budgets, business plans, and projects interlink.

This training course is suitable to a wide range of professionals who have budgetary control and are involved in the business planning process, including, but not limited to:

  • Professionals Who Require a More In-Depth Understanding of Integrated Planning & Budgeting Techniques
  • Accountants Responsible for Budget Preparation & Management Reporting
  • Financial Planners and Cost Analysts
  • Line Heads with Direct Planning and Budgeting Responsibility
  • Professional Advisers, Account Personnel and Business Consultants

How will this Training Course be Presented?

This online course will utilise a variety of proven online adult learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. This includes stimulating presentations supporting each of the topics together with interactive trainer lead sessions of discussion. This course will be taught online using a suitable platform.

The Course Content

Day One: Budgets and Strategy in Today’s International Environment
  • Organizational planning framework
  • The product / information / decision support cycle
  • Strategic, tactical and operational forecasts
  • The strategic approach to business planning
  • Various strategic and tactical approaches to business planning
  • The international business environment
Day Two: The Business Plan and Budget Development
  • Developing the business plan
  • Identification of key value drivers
  • Achieving objectives
  • Zero base budgeting
  • Activity based budgeting
  • Developing the Cash Budget
Day Three: Analysing the Applicability of Historical Data Using Excel®
  • Problems of forecasting
  • Using historical data to help predict the future
  • Forecasting
  • Development of Time Series Models
  • Using Regression Analysis as a predictor and estimator
  • Mastering the use of Exponential Smoothing as a Data Analysis tool
Day Four: Using Activity-Based Budgeting and Cost Analysis Techniques
  • Cost behaviour and breakeven analysis
  • Activity based costing
  • Budgeting for Processes rather than Departments
  • Defining Key Cost Drivers
  • Defining Key Activities
  • Developing the Activity-Based Budget
Day Five: Capital Budgeting and Project Appraisal
  • Identify the various types of capital projects
  • Discuss the capital project evaluation process
  • The impact time has on the value of money
  • Using WACC and ROIC as benchmarks
  • Development of the "Hurdle Rate" for capital projects
  • Evaluate capital projects by applying NPV, IRR, ARR Payback model