4 Topics
5 Days
Programme Overview
Training Description
Equip yourself with advanced forecasting methodologies, driver-based budgeting, and predictive analytics to move from static cycles to continuous adaptive planning.
Session Objectives
- Understand the strategic importance of advanced budgeting and planning.
- Master methodologies for developing robust and accurate financial forecasts.
- Implement advanced approaches like Zero-Based and Activity-Based Budgeting.
- Explore best practices for integrating financial planning with corporate strategy.
- Incorporate risk analysis and scenario planning into financial models.
About the Course
This advanced course is designed to equip participants with the latest tools, techniques, and best practices for creating robust, dynamic, and integrated financial models. It moves beyond basic budgeting to cover advanced forecasting methodologies like rolling forecasts, driver-based budgeting, and predictive analytics. The focus is on moving from static, annual budgeting cycles to a continuous, adaptive planning process (CP&A).
Curriculum & Topics
4 Topics | 5 Days
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Subtopic 1.1:
Evolution of budgeting: from static to agile
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Subtopic 1.2:
Linking financial planning to organizational goals
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Subtopic 1.3:
Strategic analysis: PESTEL & Porter's Five Forces
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Subtopic 2.1:
Zero-Based Budgeting (ZBB) implementation
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Subtopic 2.2:
Activity-Based Budgeting (ABB) cost drivers
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Subtopic 2.3:
Rolling Forecasts for agility
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Subtopic 3.1:
Time Series Analysis & ARIMA models
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Subtopic 3.2:
Regression Analysis for financial prediction
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Subtopic 3.3:
Qualitative Forecasting: Delphi technique
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Subtopic 4.1:
Building integrated financial models
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Subtopic 4.2:
Sensitivity Analysis & Scenario Planning
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Subtopic 4.3:
Monte Carlo simulations for risk assessment
