An Intensive 5-day Training Course
Advanced Budgeting & Forecasting
Driving Financial Performance through Effective Budgeting & Forecasting Techniques
CLASSROOM DATES
ONLINE DATES
INTRODUCTION
Effective planning and financial control are critical in today’s dynamic business environment. This Advanced Budgeting & Forecasting training course from EuroMaTech equips professionals with the tools and insights needed to align financial planning with strategic objectives, enhance decision-making, and drive business performance.
This intensive course goes beyond traditional budgeting methods, offering participants a deep dive into advanced practices in forecasting, performance management, and strategic integration. Delegates will learn how to streamline budget processes, improve forecasting accuracy, and implement data-driven performance reporting.
Key focus areas include:
- Streamlining budgeting cycles for greater efficiency and alignment
- Motivating managerial engagement and ownership in financial planning
- Integrating long-term strategy with operational and financial plans
- Applying real-world techniques through case studies and hands-on exercises
TRAINING OBJECTIVES
By the end of this Budgeting & Forecasting Training Course, participants will be able to:
- Implement advanced planning and forecasting methodologies
- Integrate budgeting with long-term corporate strategy
- Design a responsive planning and reporting system that supports timely decisions
- Utilize statistical tools to forecast costs and revenues more accurately
- Build robust budgeting structures that support strategic and operational goals
- Identify and apply key performance indicators (KPIs) that influence business performance
- Manage the budgeting process with greater clarity and accountability
- Apply financial planning tools that improve profitability and stakeholder value
WHO SHOULD ATTEND?
This Budgeting & Forecasting training course is designed for professionals:
- Finance and Accounting Professionals Involved in Budget Development and Reporting
- Department Heads and Line Managers Responsible for Budget Performance
- Strategic Planners and Business Analysts
- Consultants, Advisors, and Project Managers Involved in Cost Control
- Anyone Responsible for Corporate Financial Planning or Decision Support
TRAINING METHODOLOGY
This Budgeting & Forecasting training course uses a practical and interactive approach, combining expert instruction with real-life case studies, group exercises, and simulations. Delegates will actively participate in building budgets and forecasts using proven financial models and statistical tools. Each session reinforces concepts through discussion, application, and feedback to ensure that learning outcomes are achieved and retained.
TRAINING SUMMARY
Responsive and data-driven financial planning is a strategic advantage. This EuroMaTech Advanced Budgeting & Forecasting Training Course empowers professionals to transform their budgeting processes, enhance forecast reliability, and align financial planning with organizational priorities.
By adopting modern financial techniques and strategic integration, participants will return to their roles with actionable knowledge to drive operational excellence and value creation.
TRAINING OUTLINE
Day 1: Budgets in Today’s International environment
Planning In the Organization
- Organizational Planning and Control Framework
- The Product / Information / Decision Support Cycle
- Strategic, Tactical, and Operational Forecasts
- The Recognition of Risk in Models
- Using Budget Models for Simulation Purposes
- The Drive Toward Shareholder Value (EVA®)
The Strategic Plan
- The Purpose of Planning and Budgeting in Business
- Defining the Strategic Approach to Business Planning
- Defining Strategic Assumptions
- Building the Strategic Planning Model Using Financial Data
- Various Strategic and Tactical Approaches to Business Planning
- Defining the Decision-Support Model: Assumptions / Goals and Key Success Factors
Day 2: Analysing the Historical Data Using Excel®
- Recognizing the Basic Patterns Inherent in Historical Data
- Using the Exploratory Data Analysis Tools Available in Excel®
- Development of Time Series Models Using Histograms, Moving Averages, Exponential Smoothing and Regression Analysis
- Using Regression Analysis as a Predictor and Estimator
- Mastering the Use of Exponential Smoothing as a Data Analysis Tool
- Single Regression vs. Multiple Regression
- Validation of Time Series Analysis
Day 3: Approaches to Budget Development
Types of Budgets
- Zero Base Budgeting
- Activity Based Budgeting
- Rolling Budgets
- Operational Unit Budgeting
- Programme Budgeting
- Developing the Cash Budget
Using Activity based Budgeting
- Developing the ABB Application Model
- Budgeting for Processes Rather than Departments
- Defining Key Cost Drivers
- Defining Key Activities
- Development of ABB Cost Standards
- Developing the Activity-Based Budget
Day 4: Strategic and Operational Cost Analysis Techniques
Types of Costs
- Identifying Fixed, Variable and Semi-Variable Costs
- Application of Regression in the Development of Budgets
- Building the Financial Simulation Model Using Articulated Financial Statements
- Building the Financial Simulation Model Using Simulation
Developing Manufacturing Standards
- Material Standard Development
- Labour Standard Development
- Factory and Corporate Overhead Standard Development
- Variance Analysis
Day 5: Defining and Testing Optimisation Techniques in Models Using Excel®
- Basic Structure of All Optimisation Models
- Different Forms and Applications of Optimization Models
- Developing a Financial Optimisation Model
- Performing Sensitivity Analysis of an Optimisation Model
- Interpreting the Solution of an Optimisation Model to a Non-Technical Manager
- Lessons Learned
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ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
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FAQ
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us info@euromatech.com
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at inhouse@euromatech.com
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
