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Beacon FinTrain

Provides an array of professional business and financial training services that stem from improving a corporate's treasury workflow —all the way to efficient, finance training programs.

Course Overview

The Budgeting Planning Method Workshop is a very important, comprehensive, and essentially program designed to develop the skills of budgeting and monitoring organization performance to be as an active learning approach and techniques by using the business best practice. Also, learning the Budget Skiles methods will help to have the right business decision-making able you to build the right Budgeting and cost control business process to achieve your organizational objectives. Also, able you to maximize your organization's resource utilization through the allocation of the right resources and controlling.
During the course period, you will learn what is the Budgeting concepts and how to build a budget linking it to a cost control process from scratch giving you the best practices and guidance to have an integrated and dynamic business model supporting the decision-making.
Using the best practice of budgeting will improve your ability to build, review, or analyses your business performance, and cost drivers at all levels. Give you the tools you need to have a robust and transparent process.

Learning Outcome

Exercise the best practices in budgeting & the strategic role of cost concepts

Exercise the budgets’ role in the management process

Understand zero-base, activity-based, and kaizen approaches to budgeting

Develop flexible budgets for evaluating short-term financial performance

Able to analyze data and relevant facts, consolidate and convey insight to support decision-makers and other stakeholders

Able to understand financial concepts and identify key business drivers

Course Outline

Objectives of Financial Management Corporate Finance Activities Basic Corporate Financial Concepts

  • The critical functions of management
  • Aligning the budget with the strategy of the organization
  • Road map to strategy
  • Budget as a planning tool
  • Control: the missing link
  • Planning process.

  • The budgeting advantages.
  • Budgeting delivering value added
  • Budgeting within a strategic framework
  • The budget process & rolling budget techniques.
  • Building a robust budgeting process
  • The master budgets
  • Operating and capital budgets
  • The financial statements budgeting techniques
  • A practical guide to developing budgets
  • Approaches to budgeting: Incremental, Value proposition, Activity based and Zero-based budgeting
  • Understanding cost behaviors
  • Direct and indirect costs
  • Characteristics of an effective budget.

Operating Costs Projections for Operating Costs Forecasting Tools of Forecasting (Methods)

  • Tracking budget performance
  • Variance analysis
  • Causes budget variances
  • Using linked workbooks.




  • Accounting Concepts and Standards
  • Accounting and External Financial Reporting
  • Financial Statements (Income Statement-Balance Sheet-Statement of Cash Flows)
  • Financial Statement Projections
  • Interactions among Common Financial Statements
  • Ratio Analysis.

  • Gathering and Interpreting Information
  • Who uses the financial information and why?
  • The flow of information in a company
  • The critical functions of management
  • Challenges in Information Gathering and Interpretation
  • Aligning the budget with the strategy of the organization
  • Strategic Planning Framework (Road map to strategy)
  • Budget as a planning tool (Control: the missing link).

  • Organizational Structure & Culture
  • Stakeholders and Business Partners
  • Measuring Organizational Performance
  • Sources of Organizational Information.

  • Industry Attributes
  • Industry Benchmarks
  • Industry Uncertainty
  • Sources of Industry Information.

  • Macroenvironment Forces
  • Metrics Macroenvironment
  • Sources of Macroenvironment Information.


Who Should Attend

Professionals who need to build, modify, and understand budgeting, cost, and management accounting.=Professionals with some costing experience who have the responsibility of developing or maintaining budgeting, cost, and management accounting.=Corporate finance and structured finance professionals who want to increase the depth and breadth of their knowledge =Cost Accountants, Management Accountants, Financial reporting accountants, Budgeting managers, Financial Managers who need to develop the skills to build or interpret integrated Excel-based models

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