Budget Analyst Training Course

Course Objectives
The objectives of this course are to ensure that the participants:
• Appreciate the importance of budget preparation exercise
• Critically review the assumptions made in the budget preparation exercise
• Understand different types of budgets and use the one most appropriate to the organization.
• Learn to prepare the organization’s budget from the scratch
• Learn to differentiate between capital and revenue expenditure
• Project Various Types of Expenditures
• Estimate Working Capital Needs
• Compare actual results with the budgeted figures and conduct variance analysis
• Understand Various sources of finance with their utilisation, based on the cost of capital
• Obtain an overview of the financial statements and management reports to evaluate the organisation’s performance
• Understand ratio, horizontal and vertical analytical concepts
• Prepare forward plans based on interim quarterly and half-yearly results
• Know the benefits of having an excellent E.R.P system
Course Content:
Introduction to budgeting and the financial statements
• Planning and budgeting concepts
• Budget methodologies
• Risk, uncertainties and assumptions
• Sensitivity Analysis
Different approaches to preparing budgets
• Preparation of Master Budget
• Fixed v/s Flexible Budgets
• Quarterly Reviews
• Forward Planning
• Budget/ Actual Comparison
• Zero-based Budgets
Budget Preparation
• Accounting Conventions
• Accounting Policies
• Revenue Recognition
• Cash v/s Accrual Accounting
• International Accounting Standards (IAS)
• International Public Sector Accounting Standards (IPSAS)
• WorldCom / Enron Scandals
Financial Modelling
• Components of Financial Reports
• Balance Sheet
• Profit & Loss Statement
• Statement of Cash Flow
• Statement of Changes in Equity
• Accompanying Notes to the Accounts
Controlling and analysing budgets
• Market trends and analysis
• Ratio Analysis
• Vertical Balance Sheet & P&L Statement
• Horizontal Balance Sheet & P&L Statement
• Variance Analysis
• Price Variance
• Quantity Variance
• Mix Variance
Cost Accounting
• Total Absorption Costing
• Marginal Costing
• Contribution Margin
• Break-even Analysis
• Sensitivity Analysis
Sources of Finance
• Equity and Debt Financing
• Gearing ratios
• Cost of Capital
• Weighted Average Cost of Capital
• Decisions regarding Dividend Payments
Working Capital Control
• Inventory Control
• Accounts Receivable
• Accounts Payable
• Reconciliation of Sub-ledgers
• Other Current Assets & Current Liabilities
• Tax and Deferred Taxation
Public Sector Development / Capex
• Capital Investment Appraisal
• Return on Investment
• Payback period
• Net present Value
• Internal Rate of Return
• Public/ Private Partnership projects
Enterprise Resource Planning (ERP)
• Sales
• Bill of material
• Material Management
• Procurement
• Production
• Integration with General Ledger

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: 11th – 14th Feb, 2025
2ND BATCH: 15th – 18th July, 2025