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Certificate in Finance and Accounting Courses

Budgeting, Forecasting, and Planning Process


A good plan should start with a good forecast, which in turn can lead to a good budget. The strategy is a long-term plan of what the company will do to achieve its policy. A budget is a short-term plan for how the strategies will be achieved. It is an estimate of the activities that the company has to develop to achieve its short-term plans.

Targeted Groups:

  • Financial accounting team members.
  • Cost accounting and management personnel.
  • Finance professionals.
  • Planning managers.
  • Members of the Capital Investments and Projects team.

Course Objectives:
At the end of this course, the participants will be able to:

  • Understand the planning and budgeting process and apply it in an effective manner.
  • Predict cash flows accurately and use statistical tools for analysis and forecasting.
  • Calculating the cost of capital and applying financial models to evaluate investments.
  • Use scenario analysis to plan for various circumstances.
  • Analyze financial data in an effective way and apply advanced Excel.
  • Create and monitor an effective budget using Budget Control.
  • Understand cost systems and their application to various activities.
  • Optimize cost systems using activity-based costing.
  • Design an ABC system and understand its advantages and disadvantages.
  • Performance evaluation using the Balanced Scorecard.

Targeted Competencies:

  • Planning for success.
  • prediction process.
  • budget process.
  • Balancing control.
  • Anticipate expenses.
  • Activity-Based Business Costing (ABC).
  • Activity-Based Budgeting (ABB).

Course Content:
Unit 1: Planning for Success:

  • What are planning strategies?
  • Work with cycle planning
  • the message
  • Strategic analysis
  • The strategic choice
  • Strategic execution
  • Corporate goals
  • Corporate value and shareholder value
  • The problem of agency and corporate governance
  • Planning and working capital requirements
  • Abstract outline
  • Financial planning for growth
  • Make a financial model
  • Develop key performance indicators (KPIs)
  • Balanced card

Unit 2: the forecasting process:

  • Determine the purpose and objective of the forecast
  • data analysis
  • Statistical analysis tools
  • Quantitative analysis and forecasting
  • forecasting techniques
  • Univariate analysis models: time series; moving averages; housing smoothing; trend development
  • Causal Analysis Models - Regression Analysis

Unit 3: The Budget Process:

  • Why do we do balancing? Budget objectives
  • Planning and Control
  • Create a budget for sales and costs
  • Stages of the budget process
  • Budget preparation process
  • Monitor the number of workers and labor costs in the budget form
  • Considering depreciation in the budget form
  • Complete budgeting

Unit 4: Balancing Control:

  • Standard cost
  • standard cost targets
  • Flexible budgets
  • Analyze differences
  • Reasons for differences
  • Plan and run variations

Unit 5: Expense Forecasting - Activity-Based Costing (ABC) and Activity-Based Budgeting (ABB):

  • Activities that cause costs
  • Operations and activities
  • Under- and over-cost - the exchange of costs between products
  • Activity Based Costing (ABC)
  • Optimize the cost system
  • ABC and cost management
  • ABC systems design
  • Cost hierarchy and price factors
  • Advantages and disadvantages of ABC systems
  • From traditional budgeting to activity-based budgeting (ABB)
  • ABB process
  • Incentives and the behavioral aspect of budgeting.

Certificate in Finance and Accounting Courses
Budgeting, Forecasting, and Planning Process (FA15389)


Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.

Istanbul Office (Turkey) +905395991206

London (UK) +447481362802

Amman (Jordan) +962785666966