Forecasting and Cost Analysis Techniques

We regret to inform you that there are currently no scheduled sessions for this course, so please let us know your preferred date and location and we will contact you soon.

Course Introduction

Are your financial plans and budgets based on accurate costing of your products and services?

Are your forecasts of sales and costs objective and realistic, or are your budgets perhaps based on ‘what we did last year’ plus a percentage uplift? Many organisations continue to use out-of-date costing systems and information. Many organisations continue to plan and budget using an unrealistic percentage uplift of previous years results.

This COPEX online course includes forecasting techniques and cost behavior analysis, using examples, exercises and real-life case studies throughout to provide attendees with the awareness and essential techniques and skills to prepare more effective financial plans, and budgets for both planning and control.

Objectives

By the end of this COPEX online training course you will be able to:

  • Analyse the applicability of historical data using Excel® and other techniques
  • Apply the most appropriate forecasting methods for your specific planning purposes
  • Understand cost behaviour, and analysis of fixed, variable, semi-fixed, and semi-variable costs
  • Use alternative costing methods including activity based costing, and activity based budgeting
  • Provide management information on a more timely and useful basis to decision makers

Who Should Attend?

This COPEX online training course is suitable for a wide range of professionals but will greatly benefit:

  • Professionals who require a more in-depth understanding of integrated planning and budgeting techniques
  • Accountants responsible for budget preparation and management reporting
  • Financial planners and cost analysts
  • Line managers with direct planning and budgeting responsibility
  • Professional advisers, accounting personnel and business consultants

Course Outline

Day 1: Among a wide range of valuable topics, the following will be prioritised:

  • Problems associated with forecasting
  • Use of historical data to help predict the future
  • Consideration of alternative forecasting techniques
  • Development of time series models
  • Regression analysis as a predictor and an estimator
  • Use of exponential smoothing as a data analysis tool
  • Cost behavior, cost analysis and cost-volume-profit analysis
  • Alternative methods of costing: full absorption costing and marginal costing
  • Process analysis, defining key activities and key cost drivers
  • Activity based costing (ABC) and activity based budgeting (ABB)

Certificate

  • A COPEX e-Certificate for delegates who attend and complete the online training course

Material published by Copex shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Whats Makes Copex Courses Unique?

COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.

Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Related Categories

Finance & Accounting

Frequently Asked Questions

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Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.

Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.

Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.

The training course fee can be settled by either:

  • Bank transfer
  • Credit Card

Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.

Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.

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We can customize this training course for you!

At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.

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