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Easy Learning with Budgeting: Building company budget.
Finance & Accounting > Financial Modeling & Analysis
5h 5m
£14.99 Free for 1 days
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Language: English

Sale Ends: 19 Feb

Master Budgeting & Forecasting: A Practical Guide for Financial Professionals

What you will learn:

  • Develop comprehensive budget plans for all major financial statements
  • Master direct and indirect cash flow statement methods
  • Construct accurate balance sheet projections
  • Create detailed budgets for various expense categories (salaries, headcount, depreciation)
  • Plan operational and strategic capital expenditures (CapEx)

Description

Join our comprehensive course on mastering the art of budgeting and forecasting! This course empowers financial professionals with the skills and knowledge to create accurate financial plans that fuel business growth and strategic decision-making. Through a practical, step-by-step approach, real-world case studies, interactive exercises, and hands-on projects, you'll gain a deep understanding of all aspects of financial planning.

You'll master the creation of key financial statements – including the income statement, cash flow statement (both direct and indirect methods), and the balance sheet. Learn to effectively budget fixed assets, optimizing capital allocation for long-term success. We'll cover advanced budgeting techniques to ensure precision and alignment with company objectives, and you will have the opportunity to earn a professional certification.

Key areas covered include:

  • Developing comprehensive budgets for key financial statements.
  • Mastering both direct and indirect cash flow statement methods.
  • Efficient fixed asset budgeting and capital expenditure planning.
  • Implementing advanced forecasting strategies for precise financial planning.
  • Real-world case studies and a final project to solidify your skills.
  • Detailed process planning from strategic goals to budget submission.

This course is perfect whether you're a budgeting novice or a seasoned professional looking to refine your expertise. By the end, you'll confidently manage budgets across all major financial statements, driving success through proactive and informed financial planning. Enroll today and transform your financial planning skills!

Curriculum

Introduction to Financial Planning & Budgeting

This introductory section lays the groundwork for effective budgeting. Lectures cover fundamental budgeting definitions, exploring various approaches like participative and bottom-up methods. You’ll learn how financial planning aligns with different financial statements, specifically focusing on building budgets for the Profit and Loss (P&L) statement, balance sheet, and cash flow statement (direct and indirect methods). Different budget types are also explained, including those for cost centers, profit centers, salaries and headcount, projects, capital expenditure (CapEx), and marketing. The section concludes with a discussion of budgeting roles and responsibilities, culminating in a quiz to solidify your understanding of the core concepts.

The Comprehensive Budgeting Process

This section provides a detailed walkthrough of the complete budget process. You will learn how to prepare budget folders, setting up variable, input, calculation, and output sheets. It covers the crucial steps involved in aligning with strategic goals, gathering the necessary data, building the budget itself, conducting thorough budget review and approval, and communicating and submitting the final budget. A comprehensive example of a complete budget process is also provided, followed by a quiz to test your knowledge of budget preparation.

Case Study: SportMax Online Company – Budget Preparation

This section dives into a real-world case study, using the example of SportMax Online Company. We’ll walk you through organizing the budget process with effective folder structures and creating key planning documents. Lectures cover building a budget timeline in Excel, constructing a Gantt chart for workflow visualization, and creating a RACI chart to define roles and responsibilities. This section demonstrates hands-on creation of various budget templates in Excel, including input sheets for sales, cash, marketing, salaries, fixed assets, and cost centers, calculation sheets for profit centers, salaries, depreciation, and the overall company budget, and finally output sheets for the income statement, cash flow statement (both direct and indirect methods), and balance sheet, along with a budget dashboard.

Case Study: SportMax – Strategic Goals & Data Gathering

Continuing the SportMax case study, this section focuses on translating strategic goals into actionable budget plans. Lectures demonstrate how to conduct a financial review, allocate budget resources, and manage the budget process, including communication guidelines and departmental submissions.

Case Study: SportMax – Building & Reviewing the Budget

This section guides you through building the SportMax budget using practical examples, covering the income statement (sales forecast, cost of sales, gross profit, integrating cost centers, salary and headcount projections, marketing budget, fixed asset budgeting), the cash flow statement (integrating current year balance sheet payments, calculating cash from sales, analyzing the cash flow statement by both direct and indirect methods), the balance sheet, and a final budget check. This section culminates in budget review, presentation preparation, and final approval process.

Budget Communication and Submission

The final section of the case study focuses on effective communication of the budget within the organization and the submission of the final budget using the built system.

Conclusion & Next Steps

This concluding section summarizes the key takeaways from the course and provides guidance on the next steps in advancing your budgeting and financial analysis skills.

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