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Budgeting, Forecasting and Planning

Budgeting, Forecasting and Planning


Budgeting, Forecasting and Planning


Managers have financial responsibilities and many have budgets to write and control and face many decisions that require forecasting and planning i.e. preparing their budgets. Using Oil and gas industry examples and exercises, this course aims to break down some of the financial barriers in an entertaining and informative style, with numerous examples. Bring your calculator. It gives an insight into the world of budgeting for financial and non-financial managers and professionals.


  • Define Planning and its Purpose
  • Describe the Planning and Budgeting Cycle
  • Explain the Strategic Planning Process
  • Describe the Major Elements of the Annual Business Plan
  • Understand why you must link budgeting and forecasting to planning and performance
  • Describe and Perform the Basic Steps in Preparing a Comprehensive (Master) Budget
  • Prepare a Capital Budget
  • Determine and Investigate Budget Variances



  • The Planning Process
  • Need and system of Plans
  • Steps in Developing the Near-Term Sales Plan
  • Sales Forecasting
  • How to measure cost behavior using the account analysis, high-low, visual-fit, and least-squares regression Methods?

Budget and Budgeting:

  • Definition of Budget
  • Strategic Focus of Budgeting
  • What are the Advantages of Budgets?
  • Management Support
  • Time Coverage of Budgets
  • Types of Budgets

Budgeting and Planning:

  • Strategic Planning and Budgeting Process
  • Why You Must Link Budgeting and Forecasting to Planning and Performance?
  • Budget Participants and Budget Preparation Procedure.
  • Participative Budgeting and Importance of Communication in Effective Planning Process.
  • Building the Budgeting Model
  • Prepare the budget structure
  • Writing the budges
  • Monitoring
  • Comprehensive (Master) Budgeting
  • How to manage the cash Resource
  • Objectives of Cash flow and Working Capital Management
  • Cash flow Reporting

Capital Budgeting:

  • What is Capital Expenditure?
  • Nature of Capital Investment Decisions
  • What is Capital Budget?
  • Stages of Capital Budgeting Process
  • Relevant Cash Flows
  • Methods of Evaluating Capital Investments

Budgeting and control:

  • Flexible Budget and Overhead Analysis
  • The advantages of the flexible budget approach over the static budget approach.
  • Prepare a performance report for both variable and fixed overhead costs using the flexible budget approach.
  • Use the flexible budget to prepare a variable overhead performance report containing only a spending variance
  • Use the flexible budget to prepare a variable overhead performance report containing both a spending and an efficiency variance.
  • Explain the significance of the denominator activity figure in determining the standard cost of a unity of product.
  • Apply overhead cost to units of product in a standard cost system.
  • Compute and interpret the fixed overhead budget and volume variances.
  • Variances Investigation

Who should attend?

  • Those who are, or will be, financial decision makers, working with accountants and are involved in formulating, planning and implementing business strategy
  • Those with budget responsibilities
  • Those with expertise in their own fields who need to acquire expertise in budgeting

Kuala Lumpur

# Price ($) From
To Action
1 2,750 12-02-2018 16-02-2018 Enquire
Course Code:2457
2 2,750 30-04-2018 04-05-2018 Enquire
Course Code:2458
3 2,750 18-06-2018 22-06-2018 Enquire
Course Code:2459
4 2,750 13-08-2018 17-08-2018 Enquire
Course Code:2460
5 2,750 29-10-2018 02-11-2018 Enquire
Course Code:2461
6 2,750 17-12-2018 21-12-2018 Enquire
Course Code:2462


# Price ($) From
To Action
1 3,250 21-01-2018 25-01-2018 Enquire
Course Code:2613
2 3,250 18-03-2018 22-03-2018 Enquire
Course Code:2614
3 3,250 20-05-2018 24-05-2018 Enquire
Course Code:2615
4 3,250 22-07-2018 26-07-2018 Enquire
Course Code:2616
5 3,250 16-09-2018 20-09-2018 Enquire
Course Code:2617
6 3,250 18-11-2018 22-11-2018 Enquire
Course Code:2618


# Price ($) From
To Action
1 4,250 22-01-2018 26-01-2018 Enquire
Course Code:4312
2 4,250 19-03-2018 23-03-2018 Enquire
Course Code:4313
3 4,250 21-05-2018 25-05-2018 Enquire
Course Code:4314
4 4,250 23-07-2018 27-07-2018 Enquire
Course Code:4315
5 4,250 17-09-2018 21-09-2018 Enquire
Course Code:4316
6 4,250 19-11-2018 23-11-2018 Enquire
Course Code:4317