Budgeting, Forecasting & Control Training Course

The budgeting and Forecasting training course is designed for senior-level management and accountants, to enhance their skills to integrate budgeting and forecasting into the organizational planning process. It helps professionals to focus on measuring the output from expected against actual and help organizations with better controls and performance improvement.

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  • 24 Hours Training
  • Online / Classroom / Onsite
  • 7 Oct, 2023 / 28 Oct, 2023
  • Additional Program Dates
  • 100K+ Happy Students

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What is this Budgeting, Forecasting and Control course all about?

The Budget and Forecasting training course is designed for professionals and beginners involved in the budgeting, planning, and forecasting process to have a deep understanding of the entire budgeting process through both offline and online courses. The Budgeting and Forecasting training courses in Dubai aim to equip professionals with the knowledge and tools to build world-class standards into the planning, budgeting, performance measurement, and reporting system of an organization. This training module is equipped with hands-on experiences using real-life case studies and examples, making professionals practice effective forecasting, planning, and budgeting techniques and learn to develop and manage budgets using a variety of tools, and monitor and manage costs in line with organizational goals.

What is this Budgeting, Forecasting and Control course all about?

The Budget and Forecasting training course is designed for professionals and beginners involved in the budgeting, planning, and forecasting process to have a deep understanding of the entire budgeting process through both offline ...

Read More

Why is getting trained in Budgeting and Forecasting important? 

Budget and Forecasting training course helps the professionals gain domain knowledge to bridge their strategies and budget, communicate managers the organizational goals, analyze volume and Vs revenue, volume and Vs expenses, etc.., and formulate a framework to predict the outcome. As per Payscale.com, a certified Budgeting professional earn $8,167 (30000 AED) more than a non-certified professional in the same position. This indicates clearly how beneficial this course is to professionals for better remuneration and also to get growth and better opportunities within the job market for which they stand better positioned with an internationally recognized certification.

Why is getting trained in Budgeting and Forecasting important? 

Budget and Forecasting training course helps the professionals gain domain knowledge to bridge their strategies and budget, communicate managers the organizational goals, analyze volume and Vs revenue, volume and Vs expenses, e...

Read More

Why do Companies hire Budget and Forecasting Trained professionals?

The wise usage of the techniques professionals learn in Budget Management courses can help them lead their organization to the path of success. Companies hire these skilled professionals for their expertise and knowledge in the field. They can lead organizations using advanced accounting tools to forecast the market demand for their products and succeed in highly competitive market conditions. These professionals use forecasting techniques to predict future challenges and provide solutions for organizational growth and success. These professionals are a real asset to companies as they play a vital role in financial management within an organization.

 

Why do Companies hire Budget and Forecasting Trained professionals?

The wise usage of the techniques professionals learn in Budget Management courses can help them lead their organization to the path of success. Companies hire these skilled professionals for their expertise and knowledge in the ...

Read More

Industry Trends

Budget and Forecasting training offers a comprehensive overview of budgeting and forecasting techniques. This certification plays a pivotal role in shaping one’s career in finance management. This certified course comes with its own set of merits and opportunities in the market, let us see how.

Market trends Market trends

Top-notch company Deloitte has already been hiring these certified professionals to improve their decision-making process, stimulate their budget, many such roles. As per a report by Modern Finance Forum, in 2016, 38% of the organizations observed an increase in their revenue as a result of their implementation of Budgeting, Forecasting, and Control Processes. As per the Budgeting and Forecasting Software research report, 2021, the Budgeting and Forecasting Software market is anticipated to rise at a considerable rate between 2021 and 2026 resulting in increasing demand for expert professionals.

Salary Trend Salary Trends

A Certification in Budgeting and Forecasting is a significant step to have a prosperous career. Professionals with this certification are found to have an impressive earning potential and employers are ready to pay more for qualified Budgeting and Forecasting professionals. As per payscale.com, a certified Budgeting, Forecasting, and Control professional earn $8,167 (30000 AED) more than a non-certified professional in the same position. The average monthly salary of certified finance and budget professionals in the UAE can range from AED 20,000 to AED 130,000 depending upon their job roles.

 

Demand & Opportunities

The demand for certified budgeting professionals is increasing as more than 139,314 companies globally are hiring professionals certified with the Budget and Forecasting training program. Moreover, more than 17000 jobs are on to certified professionals in the Dubai market alone.

The major job roles specified by top Dubai job portals for which a Certified Budgeting, Forecasting, and Control Professional can apply are:

  1. The professional analyzes the performance report for the organization and coordinates with the department heads in regards to the organizational strategy. They analyze market conditions, including peer performance, competitors, demographics to support organizational decisions through strategic planning.
  2. The professional predicts the project risks and potential issues and proactively identifies solutions to address them beforehand.
  3. The Budgeting, Forecasting, and Control professional perform detailed financial analysis and supports the same by providing reasons for variances with previous periods reports.
  4. They initiate and implement improvements in business processes and ensure tight internal cost control especially over vendor payments, commercial deals, shrinkage/damages.
  5. They are responsible for conducting ROI analyses to support decision-making and allocation of resources by the project manager.
  6. They collaborate with finance and other departments to enhance forecasting, drive budgeting and planning.
  7. They are also responsible for analyzing financial results and providing a budget to plan variance reporting & analysis for internal stakeholders.
  8. They develop competitive analysis and maintain analytical frameworks to evaluate and support decisions concerning new business opportunities.
  9. They also prepare financial modeling for executive-level presentations, including Board of Director meetings.

Course Outcome

Successful completion of the Budgeting and Forecasting course can help you to:

  • Understand the best financial management practices and principles.
  • Explain the importance of budgeting within a strategic framework.
  • Build a robust budgeting process within an organization.
  • Forecast future performance by analyzing revenue and cost drivers.
  • Use effective variance reporting to track organizational performance.

Course Module

  • The Budgeting Process
  • Budgeting in a Business
  • The role of Budget in Corporate Governance
  • Sources of Information
  • Planning and Building the Budget
  • Where to start?
  • Key Accounting Concepts
  • Forecasting Revenue
  • Types of Costs
  • Overview of the Budgeting Process and Model Considerations
  • Types of Budget Models
  • Short-term & Long-term Models
  • Upstream vs Downstream Models
  • Model Design & Planning
  • Best practice Design guidelines
  • Budgeting vs Forecasting
  • Planning the Model
  • Bottom-up Budget Models
  • Model Development Framework
  • Zero-based Budgeting & Cost Drivers
  • Rolling (dynamic) Budgets
  • Building flexibility into Time Series Analysis
  • Capital Budgeting
  • Cash Budgeting
  • Determination of Model and Forecast Scope and Time Horizons
  • Control
  • Using Cost Information for Management Control
  • Optimize Planning of Resources to achieve Budgeted Targets
  • Measure and Evaluate Performance against Forecasts
  • Recent Developments in the Budgeting and Planning Process (balanced scorecard, value chain analysis, and others)

Course Module

  • The Budgeting Process
  • Budgeting in a Business
  • The role of Budget in Corporate Governance
  • Sources of Information
  • Planning and Building the Budget
  • Where to start?
  • Key Accounting Concepts
  • Forecasting Revenue
  • Types of Costs
  • Overview of the Budgeting Process and Model Considerations
  • Types of Budget Models
  • Short-term & Long-term Models
  • Upstream vs Downstream Models
  • Model Design & Planning
  • Best practice Design guidelines
  • Budgeting vs Forecasting
  • Planning the Model
  • Bottom-up Budget Models
  • Model Development Framework
  • Zero-based Budgeting & Cost Drivers
  • Rolling (dynamic) Budgets
  • Building flexibility into Time Series Analysis
  • Capital Budgeting
  • Cash Budgeting
  • Determination of Model and Forecast Scope and Time Horizons
  • Control
  • Using Cost Information for Management Control
  • Optimize Planning of Resources to achieve Budgeted Targets
  • Measure and Evaluate Performance against Forecasts
  • Recent Developments in the Budgeting and Planning Process (balanced scorecard, value chain analysis, and others)

Program Dates

7 Oct
  • 09:00 AM
  • Sat
  • Classroom
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14 Oct
  • 07:00 PM
  • Sat
  • Online Live
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22 Oct
  • 11:00 AM
  • Sun
  • Classroom
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28 Oct
  • 11:00 AM
  • Sat
  • Classroom
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Expert Instructors & Teaching Methods

Dr Srinivas is a leading industry professional in the field of finance and accounting. He is an established corporate trainer with demonstrated experience in his field. He is the holder of some of the world’s most valued professional credentials such as CMA, CPA, PMP, CCA, CFE, etc. He has an extensive educational background as well in finance which establishes his mettle in designing, developing and delivering excellent training programs. His training records mark exceptional results in guiding and teaching professionals of all experience levels and from diversified backgrounds. He integrates his excellent presentation skills with the knowledge of educational theories and methodologies to provide onsite and virtual training that is of unparalleled quality. His high community services contribution also ascertains his commitment to training potential aspirants to become tomorrow’s professionals.

Education

  • ⦾ Ph.D. in Management, 2018 (Provisional yet to be received) OPJS University, India
  • ⦾ M.Sc. in Applied Psychology 2016, Bhartiyar University, India
  • ⦾ MBA in Finance 2012, Nagarjuna University, India
  • ⦾ LLB 1998, Osmania University, India
  • ⦾ M.Com 1994, Osmania University, India
  • ⦾ B. Com 1990, Osmania University, India

Professional Qualifications

  • ⦾ Certified Public Accountant, (CPA), The American Institute of Certified Public Accountants, U.S.A
  • ⦾ Certified Management Accountant, (CMA), The Institute of Management Accountants, USA
  • ⦾ Certified Fraud Examiner, (CFE), Association of Fraud Examiners, USA
  • ⦾ Certified Cost Accountant (ICWA-Inter), The Institute of Cost and Works Accountants of India, India
  • ⦾ Project Management Professional (PMP), Project Management Institute

Dr. Srinivas, PhD, MSc, MBA, LLB, CMA, CPA, PMP

Mr. Kashif is an experienced management consultant having more than 20 years of training experience in corporate governance, risk management, compliance in finance, and many more. His vision has transformed many organizations into successful ventures in UAE and globally. Mr. Kashif’s sound judgment and input have helped many organizations to run smoothly. Being a well-known Chartered Accountant himself, Mr. Kashif knows about Process Auditing, Developing Internal Controls, Investment Management, and many more. Apart from his educational qualification, he is an experienced visionary. His insights have helped organizations immensely, and they are enjoying the reaps of success. He has won many international accolades to date. With the “Communicator of the Year” award under his belt, his teaching has motivated students to aim for excellence. Mr. Kashif uses different methodologies to accommodate various learning approaches and makes the teaching engaging and interactive. He is committed to assisting students in realizing their maximum potential and helping them into successful, well-rounded people, both within and beyond the classroom walls.

Work Experience

  • ⦾ Partner, NSKT Global, Dubai
  • ⦾ Group Internal Audit Manager, Mohammad Omar Bin Haider Holding Group, Dubai
  • ⦾ Head of Internal Audit, Dulsco, UAE
  • ⦾ Head of Risk & Internal Audit, Bukhatir Group, Sharjah
  • ⦾ Group Internal Auditor, Al Abbas Group, Dubai
  • ⦾ Senior Auditor, KPMG, Dubai
  • ⦾ Semi Senior, Deloitte, Saudi Arabia

Professional Certifications

  • ⦾ Certified Information Systems Auditor (CISA)
  • ⦾ Certified Fraud Examiner (CFE)
  • ⦾ Certified Internal Auditor (CIA)
  • ⦾ Certified in the Governance of Enterprise IT (CGEIT)
  • ⦾ COBIT 5

Mr. Kashif Husein

Learners Point Certificate

Earn a Course Completion Certificate, an official Learners Point credential that confirms that you have successfully completed a course with us.

KHDA Certificate

Earn a KHDA attested Course Certificate. The Knowledge and Human Development Authority (KHDA) is the educational quality assurance and regulatory authority of the Government of Dubai, United Arab Emirates.

Why Count on Learners Point?

Being the leading providers of Budgeting and Forecasting training courses in Dubai, at Learners Point we help professionals master the necessary skill sets and experience to attain the Budgeting and Forecasting certification.

Following are the USPs our Budget and Forecasting training course offers you:

  • We look at real-world scenarios organizations face and formulate our Budget and Forecasting training as per practical requirements.
  • Apart from theoretical knowledge, we also focus on practical case studies to give you a reality check and insight into what exactly will be asked of you while you are in a demanding role.
  • Our bespoke Budget Management course also equips you with hands-on experience by offering assignments related to the actual work environment.
  • Apart from organizing group sessions, we also offer one-to-one sessions to enhance the quality of our Budgeting and Forecasting training program.
  • We also take a discrete approach to career guidance so that one can be successfully placed as a professional.



 

Learners Experience

I can't thank the instructors enough for this course. It's been a game-changer for my career. I feel more confident in my role as a Finance Manager, and our forecasts are more accurate than ever."

I can't thank the instructors enough for this course. It's been a game-changer for my career. I feel more confident in m [...]

Wajid Ali

Financial Analyst

"i just complete Budgeting, Forecasting and Control course and I would like to express my gratitude to a team of "Learners Point", and especially to my tutor who did a great job. Thank you for knowledge which you shared!"

"i just complete Budgeting, Forecasting and Control course and I would like to express my gratitude to a team of "Learne [...]

Touka Zahle

Administrative Assist

"I enrolled myself for Budgeting, Forecasting and control course. Must say it was a great experience learning here. The trainer was very professional and explained giving examples."

"I enrolled myself for Budgeting, Forecasting and control course. Must say it was a great experience learning here. The [...]

Adarsh U

Accountant

"I was very happy with the Budgeting, Forecasting and Control course that I've taken at Learner Point. They've made this experience very simple and beneficial. Thank you to the team."

"I was very happy with the Budgeting, Forecasting and Control course that I've taken at Learner Point. They've made this [...]

Caroline Ello.M

Senior Accountant

"I had a great and wonderful time studying at Learners Point, from the admission, to the administration support and to the instructors are all professionals. They have given me an A+ learning experience, I highly recommend the institution to be your learning stage to level up your professional careers. Cheers to learners point."

"I had a great and wonderful time studying at Learners Point, from the admission, to the administration support and to t [...]

Wael Elmagdoub

Finance Manager

Our Graduates

Our graduates are from big companies, small, companies, they are founders, career changers and life long learners. Join us and meet your tribe!

Any professional with prior domain experience and beginners who want to improve their knowledge of Budgeting and Forecasting basics can attend this training course. However, it can be a great career boost for professionals with experience in the following sectors:
1) Accounts & Finance Department
2) Marketing department
3) Operations Department
4) Business Analysts
5) Admin & Secretarial Professionals
6) IT Support & Services Department
The following skills are needed for Budgeting:
1) Self-awareness.
2) Delegation.
3) Self-discipline.
4) Organizing skills.
5) Confidence.
6) Critical thinking.
The employment of budget analysts is projected to grow 3 % from 2019 to 2029, about as fast as the average for all occupations. The demand for budget analysts continues to rise because of their role in managing the organization's funds.
Usually, planning comes first and budgeting comes later.
For becoming a Budget Analyst, a bachelor’s degree in Finance or business administration is required. Most employers prefer to hire candidates who come with a master’s degree or a certified professional course.
On average, Budget Analysts in the UAE make a salary of AED 23,400 per month. The salary can range from AED 11,900 to AED 36,100 per month regarding the organization and field experience.
The important difference is that budget figures out and maps out a plan or goal that a business aims to achieve. Whereas forecast states the variance between the actual outcome and the expected outcome.
The key element is to analyze and map the goals to sustain in the market and predict the potential problems and solutions and figuring out the variance between the outputs.
Enquire For Corporate Training Book Free Demo Class
Any professional with prior domain experience and beginners who want to improve their knowledge of Budgeting and Forecasting basics can attend this training course. However, it can be a great career boost for professionals with experience in the following sectors:
1) Accounts & Finance Department
2) Marketing department
3) Operations Department
4) Business Analysts
5) Admin & Secretarial Professionals
6) IT Support & Services Department
For becoming a Budget Analyst, a bachelor’s degree in Finance or business administration is required. Most employers prefer to hire candidates who come with a master’s degree or a certified professional course.
The following skills are needed for Budgeting:
1) Self-awareness.
2) Delegation.
3) Self-discipline.
4) Organizing skills.
5) Confidence.
6) Critical thinking.
On average, Budget Analysts in the UAE make a salary of AED 23,400 per month. The salary can range from AED 11,900 to AED 36,100 per month regarding the organization and field experience.
The employment of budget analysts is projected to grow 3 % from 2019 to 2029, about as fast as the average for all occupations. The demand for budget analysts continues to rise because of their role in managing the organization's funds.
The important difference is that budget figures out and maps out a plan or goal that a business aims to achieve. Whereas forecast states the variance between the actual outcome and the expected outcome.
Usually, planning comes first and budgeting comes later.
The key element is to analyze and map the goals to sustain in the market and predict the potential problems and solutions and figuring out the variance between the outputs.
Enquire For Corporate Training Book Free Demo class
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