Successful budgeting has never been more important. This highly interactive COPEX training course offers the answers to all your budgeting needs, detailing how to forecast income and costs; prepare budgets; manage and control budgets, as well as how to use budgets to make effective decisions which will aid company profitability and sustainability. Delegates will be able to manage both Operational and Capital Budgets effectively and gain a clear understanding of how budgets and forecast aid strategic planning and development. This COPEX training course will assist individuals at every level in the organization, developing both knowledge and skills, as a result it will be of significant benefit to both the organization and the delegate.
What are the Goals?
By attending this COPEX training course, you should achieve these goals:
Develop Forecasting Skills
Prepare Operational & Capital Budgets Effectively using the Latest Techniques
Manage and Control Budgets in an Effective and Flexible Manner
Make Budgeting Decisions
Evaluate Capital Investment Opportunities Highlighting and Managing the Major Risks
Who is this Training Course for?
This COPEX training course is designed for a wide range of professionals involved in the budget process, including, but not limited to:
Professionals Who Work with Budgets
Day One: Strategic Planning in a COVID World
Why Strategy comes before the Budget
The Strategic Planning Process
Developing a Strategic Plan
Evaluating the Legal, Economic, Political & Social Environment
Budget Methods – incremental, zero-based, rolling budgets and Activity Based Budgeting
Budgeting and the Management Process
Preparing Departmental Budgets from Forecasts
Building the Master Budget
Day Four: Using a Budget as a Management Tool
Linking Strategic Planning, Forecasting Budgeting and Reporting
Budget Cost, Volume, Profit (CVP) and Break-Even Analysis
Managing Fixed and Variable Costs
Sensitivity & What-If Analysis
Day Five: Capital Budgeting (CAPEX)
Capital Budgeting Principles
Weighted Average Cost Of Capital (WACC)
Methods of Evaluating Capital Investment Projects
Comparing Different Projects And Their Returns
Managing Financial Risk
COPEX Certificate of Attendance will be provided to delegates who attend and complete the course
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