Budgeting, Forecasting & Control

Course details

OVERVIEW:

Our Budgeting Forecasting and Control (BFC) Course in Dubai empowers professionals with essential skills in budgeting, forecasting, and financial planning. This KHDA-approved training is perfect for individuals seeking expertise in financial management to drive business success. The course equips learners with tools to create efficient budgets, accurately forecast financial needs, and make data-driven decisions for better business performance.

Why Choose Our BFC Course?

• Master Budgeting Skills: Learn to create effective budgets for resource allocation.
• Forecast Financial Trends: Anticipate future market trends and performance indicators.
• Strategic Financial Planning: Understand the connection between budgets, strategies, and organizational goals.
• Practical Learning Approach: Gain expertise through real-world examples and case studies.

Course Highlights:

• 24 Hours of Expert-Led Training: Comprehensive modules covering all aspects of budgeting and forecasting.
• Flexible Learning Options: Choose between in-person and online sessions.
• KHDA-Approved Certification: Enhance your professional profile with a recognized credential.
• Easy Payment Plans: Affordable instalment options are available.

What You Will Learn:

• Budget Creation & Management: Master the entire budgeting process from planning to execution.
• Forecasting Techniques: Learn data-driven forecasting to predict future financial trends.
• Control & Monitoring: Understand how to monitor progress and adjust budgets for optimal performance.
• Strategic Planning: Use zero-based budgeting, cash budgeting, and capital budgeting for effective financial control.

COURSE OUTLINE:

• The Budgeting Process
• Budgeting in a Business
• The role of Budget in Corporate Governance
• Sources of Information
• Planning and Building the Budget
• Where to start?
• Key Accounting Concepts
• Forecasting Revenue
• Types of Costs
• Overview of the Budgeting Process and Model Considerations
• Types of Budget Models
• Short-term & Long-term Models
• Upstream vs Downstream Models
• Model Design & Planning
• Best practice Design guidelines
• Budgeting vs Forecasting
• Planning the Model
• Bottom-up Budget Models
• Model Development Framework
• Zero-based Budgeting & Cost Drivers
• Rolling (dynamic) Budgets
• Building flexibility into Time Series Analysis
• Capital Budgeting
• Cash Budgeting
• Determination of Model and Forecast Scope and Time Horizons
• Control
• Using Cost Information for Management Control
• Optimize Planning of Resources to achieve Budgeted Targets
• Measure and Evaluate Performance against Forecasts
• Recent Developments in the Budgeting and Planning Process (balanced scorecard, value chain analysis, and others)

KEY TAKEAWAYS:

Upon completion of our Budgeting and Forecasting training program, the candidate will be able to:

• Learn the fundamentals of strategic planning and budgeting
• Utilize case studies to demonstrate each of the four management functions
• Determine the pros and cons of different budget styles, techniques, and methods
• Prepare a budget for future expenses and revenues by learning
• Develop in-depth knowledge of capital budgeting techniques and tools
• Utilize different cost mechanisms and optimization procedures
• Differentiate between the various cost elements and their effects on budgeting

ACCREDITATION:

Our course is accredited by ISO 9001: 2015 and the Knowledge and Human Development Authority (KHDA).

Why Learner’s Point?

• Expert Trainers: Learn from industry experts with hands-on experience in budgeting forecasting and control.
• KHDA-Approved Certification: A globally recognized credential for career advancement.
• Customized Learning: Tailored BFC courses to meet your learning needs.
• Proven Success: Join thousands of successful professionals trained by Learner’s Point.

Testimonials

Jannat Rizwan, Financial Analyst

"The Budgeting, Forecasting & Control Training Course transformed my financial management skills. Practical insights and real-world scenarios made the learning experience invaluable. Now, I feel confident in strategic planning and ;

Hamza Neogi, Budget Analyst

"Completing the course was extremely beneficial for me. The hands-on experience and personalized guidance prepared me for the real financial world. I now apply the techniques learned daily in my ;

Take charge of your financial future today! Enrol in our BFC Course and gain the skills needed to master budgeting and forecasting for business success. Join Learner’s Point and boost your career now! Updated on 14 January, 2025