Advanced Budgeting, Forecasting and the Planning Process

OBJECTIVE
Do you know the costs associated with every area you oversee? Do you fully understand the financial impact of your decisions? Are you familiar with the ins and outs of forecasting and budgeting?
In this course, you will discover how to quantify the results of your work. Determine whether the profit earned is higher than the costs of site space, machines, inventory, customer credit, etc. and measure the value you create.

CONTENT
Analyzing costs
· Identifying the various costs associated with your work
· Determining how to calculate costs
· Knowing how to manage costs by departments

Evaluating your performance
· Setting monthly targets
· Knowing your company’s strategy
· Identifying the sources of value creation

Translating managerial decisions into Naira
· Associating your forecasts with the company strategy
· Gaining proficiency in budgeting
· Knowing how to revise your budget

Forecasting
· Basic statistical techniques
· Forecasting techniques and methods
· Forecasting performance measurements
· Simple and multivariate linear regression
· New directions in financial forecasting

FOR WHOM: Accountants, Auditors, Financial Controllers, Admin Managers, Planning Managers, Finance Managers and Financial Analysts, CFOs and others who perform related functions in both public and private sectors.

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.
DATE:
1ST BATCH: 25th – 28th Mar,2025
2ND BATCH: 7th – 10th Oct,2025