Workshop on

Budget Analysis, Forecasting & Control

Learn the technicalities of budgeting and forecasting to increase your business revenues and margins

  • 15 - 16 Feb, 2024
  • 18000.00 + Tax @ 18%
  • Online

About The Program

Creating and implementing sound planning, budgeting and forecasting processes enable organizations to develop more accurate financial reports and analytics - which can lead to more accurate forecasts and ultimately revenue growth. Its importance is even more relevant in today’s business environment where disruptive competitors are entering even the most tradition-bound industries.

This budgeting and cost control workshop will allow the participant to explore and share with other participants new thoughts in the planning, control, and budgeting cycle, resulting in a renewed energy in returning to the workplace and implementing a more focused budgeting process, which communicates useful and timely information to management.

Highlights

Our two-days online masterclass teaches best practices in budgeting and forecasting, with case studies based on real case corporate scenarios. This hands-on intensive course targets professionals from financial as well as non-financial backgrounds and helps them to grasp fundamental budgeting principles and forecasting methods, gain an understanding of budget processes, and improve their financial literacy.

What You’ll Learn

  • Lead a change in thinking to make budgets driven by strategy rather than previous spending
  • Empower and motivate budget managers to be more proactive and excel
  • Flex plans and budgets to cope with change and thrive
  • Embrace technology, change and uncertainty as opportunities rather than threats to deliver better results
  • Utilize and improve forecasting
  • Evaluate the budgeting process in their organizations and recommend improvements

Experts

  • Card: Dr. Madhu Vij

    Dr. Madhu Vij

    Professor
    University of Delhi

    View Profile
  • Card: Seshadev Sahoo

    Seshadev Sahoo

    Professor of Finance and Accounting
    Indian Institute of Management Lucknow

    View Profile
  • Card: Sudipta Ghosh

    Sudipta Ghosh

    Partner
    PwC India

    View Profile
  • Card: Prithwijit Chaki

    Prithwijit Chaki

    Partner
    Deloitte India

    View Profile
  • Card: Dr. C. P. Gupta

    Dr. C. P. Gupta

    Professor
    Department of Finance and Business Economics, South Campus, University of Delhi, Delhi

    View Profile

Agenda

Day 1 Session 1 12:00 PM - 01:00 PM

Budgeting concepts- A roadmap to reach long term goals

  • Budget & the business plan
  • Fundamentals of effective budgeting
  • Strategic capability and avoiding the spiral of death
  • Defining the decision-support model: Assumptions/goals and key success factors

Day 1 Session 2 01:15 PM - 02:15 PM

Cost analysis techniques

  • Cost analysis techniques
  • Cost behavior and activities
  • Fixed and variable costs, direct and indirect costs
  • Product costs and period costs
  • Cost allocation and absorption of overheads
  • Absorption or full costing
  • Marginal costing

Day 1 Session 3 02:45 PM - 03:45 PM

Project appraisal capital budgeting

  • The time value of money
  • Capital investment project appraisal
  • Project risk
  • Sensitivity analysis, simulation, scenario analysis, NPV break-even
  • Capital rationing
  • Capital budgeting and the profitability index (PI)

Day 1 Session 4 04:00 PM - 05:00 PM

Sustained cost transformation

  • Overview of Zero-based budgeting and zero-based re-design approach to cost transformation
  • Understanding how ZBB drives sustained value
  • Key building blocks for setting-up and institutionalizing ZBB
  • Case studies and examples to bring ZBB approach to life

Day 2 Session 5 12:00 PM - 01:00 PM

Activity Based Costing (ABC)

  • Activity Based Costing as a Cost System
  • The emergence of ABC system
  • Volume based and Non volume based cost-drivers
  • Designing ABC systems
  • Activity Hierarches
  • Defining key cost drivers
  • Defining key activities

Day 2 Session 6 01:15 PM - 02:15 PM

Profitability Analysis through Activity Based Costing & Budgeting

  • Activity Based Costing Profitability Analysis
  • Resource Consumption Models
  • ABC in Service Organisations
  • Activity-based budgeting (ABB) and key drivers: Developing the ABB application model, Defining key cost drivers and activities
  • Sustained cost transformation through Zero-Based Budgeting
  • Case Study Discussion

Day 2 Session 7 02:30 PM - 03:30 PM

The future is forecasting

  • Financial forecasting – tools and approaches, new developments
  • Non-financial forecasting
  • Future “Black Swans” - building resilience and coping with events that cannot be predicted

Fee

  • Budget Analysis Forecasting and Control Live Masterclass 15 and16 Feb 2024

    15000.00

    + Tax @ 18%

  • BEST DEAL

    Budget Analysis Forecasting and Control Live and Recorded Masterclass 15 and16 Feb 2024

    18000.00

    + Tax @ 18%

Who Should Attend

  • C-Suite Executives
  • CFO
  • Management Accountants
  • Financial Planners and Analysts
  • Finance Directors
  • Budget Analysts
  • Board Members
  • Senior Managers

For Queries

Contact us if you have any queries.

user-icon
For more queries speak to
7353043460

Terms & Conditions

Registration, Payment and Cancellation Policy

  • Registration is based on first-come, first-serve basis
  • Cancellations received up to 7 business days prior to date of training will get full refund.
  • Cancellations received in less than 7 business days prior to date of training will not get refund.
  • Once participation is confirmed, participants are liable to pay full amount even in no show-up case.
  • Substitutions within a company are permitted, request must be by email.
  • ETMasterclass reserves the right to modify content, expert(s), venue & date(s) of the training.
  • In case of training cancellation, participants will be refunded the course fee in full.
  • ETMasterclass shall not be liable for any damages that may be incurred due to training cancellation.