Budgeting, Forecasting and Control

Companies in the GCC today operate in an environment of global competition, fluctuating oil prices, and volatile market conditions leading to dramatic changes in exchange rates, revenues and projections.

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Course Objectives

By the end of the course, participants will be able to:

  • Evaluate the budgeting process in their organizations and recommend improvements
  • Create budget templates and models for their departments or organizations
  • Apply several forecasting techniques to better manage uncertainties in budgeting
  • Evaluate capital budgeting decisions using several methods and recommend proper action
  • Utilize Microsoft Excel functions and tools in the budgeting process including breakeven analysis and optimization

Course Module

  • The Budgeting Process
  • Budgeting in a business
  • The role of the budget in corporate governance
  • Sources of information
  • 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 expenditure budgeting
  • Cash budgeting
  • Determination of model and forecast scope and time horizons
  • Control
  • Using cost information for management control
  • Optimise 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)

Learning Approch

  • Designed with a focus on real world relevance
  • Real-world case studies
  • Hands-on Assignments
  • Individualized Instructor
  • Career Guidance

Certification (LP Certificate)

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

Certification (KHDA)

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.

Expert Instructors & Teaching Methods


We, at Learners Point, take immense pride in our teaching methods and instructors. Our instructors are some of the best experts from their fields and employ a practical approach to learning. Many of them are globally recognised and have a diverse set of experience in their field of expertise. You are always sure to have the best in the industry as your teachers who are ready to guide you at every step and make the experience informative yet enjoyable. Apart from the focus on learning your chosen course, our instructors also encourage students to develop communication skills and interpersonal skills necessary to excel in the practical world. 




Learners Experience

Frequently Asked Questions

Our trainings are mostly instructor led and classroom based. However, we also offer high quality live and interactive online sessions.

Our highly skilled faculties from around the globe are experts in their fields and come with decades of diverse industry experience. Our trainers are internationally recognized and locally preferred with rich research driven experience which will ensure highly customizable, engaging and top in the class learning experience.

Choosing LearnersPoint is true value for money as our trainings are right blend of theory and practice and specially developed keeping tomorrow's business needs in mind. All the training sessions are closely monitored through specially designed progress tracker to ensure reinforced and unparalleled learning experience.

Once you have registered for a course and wish to not to proceed with the training for any reason, you are entitled for a refund of the fees provided we are notified in writing within 2 days from the date of initial registration before the training commencement. The refunds are processed within 4 weeks from the day of withdrawal.