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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

This Financial Planning, Budgeting, and Projection workshop will allow the participants to explore and share with other participants new thoughts in the planning, control, and budgeting cycle, resulting in a renewed energy in returning to the workplace and implementing a more focused budgeting process, which communicates useful and timely information to management.
This course will help you to understand the language and processes of budgeting, costing and pricing. It is designed for public and private managers who wish to get the most out of budgets, whether during preparation, review, or end use. This course provides space for participants to explore and share knowledge about the planning, control, and budgeting cycle.

Learning Outcome

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

Exercise the budget’s role in the management process

Explain the concepts of the cost to the use of cost information for management control

Identify the importance of strategy and its role in the master budget

Explain the essence of control systems & identify different measures

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

Course Outline

  • Gathering and Interpreting Information
  • Who uses 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

  • The budgeting advantages.
  • Budgeting delivering value added
  • The budget process & rolling budget techniques.
  • The master budgets

  • Operating and capital budgets
  • The financial statements budgeting techniques
  • Approaches to budgeting: Incremental
  • Value proposition, Activity based and Zero-based budgeting

  • Projections for operating costs
  • Tools of forecasting
  • Comparing budgets and forecasts


  • Understanding cost behaviors
  • Direct and indirect costs
  • Characteristics of an effective budget
  • Beyond budgeting: integrating financial and non-financial issues
  • Problems in budgeting

  • Operating budgets
  • Developing budgets

  • A practical guide to developing budgets
  • Developing the budget

  • Beyond budgeting principles
  • Cost structures and flexibility
  • Cost control matrix

  • Locate guidance on budgeting for capital assets
  • Approval for Expenditure (AFE)

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


Who Should Attend

Those who are responsible for financial management, budgeting, and forecasting within their organizations. This may include professionals working in financial planning and analysis (FP&A), accounting, treasury, financial reporting, corporate development, etc.

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