Food Security and Agriculture

Training Course on Financial Planning Budgeting and Forecasting

Course Overview

Budget planning and forecasting are two of the most important tasks that provide direction and financial objectives of an organization. This course is designed to equip participants with the knowledge and practical skills necessary to excel in financial planning, budgeting, and forecasting, contributing to effective strategic decision-making within their organizations.

Target Audience:

  • Financial managers, Budget analysts, Planning professionals, and anyone involved in the financial planning process
  • Individuals seeking to enhance their skills in budgeting and forecasting for better organizational decision-making.

Course Duration

Online Training: 6 days

Classroom Training: 5 days

Course Outline

Module 1: Introduction to Financial Planning

  • Importance and purpose of financial planning
  • Key components of a comprehensive financial plan
  • Linking financial planning to organizational goals and strategies

Module 2: Budgeting Fundamentals

  • Overview of budgeting as a planning tool
  • Types of budgets: operating, capital, and cash budgets
  • Budgeting process: preparation, approval, and monitoring

Module 3: Creating and Managing Budgets

  • Developing a budget: top-down vs. bottom-up approaches
  • Setting realistic and achievable financial goals
  • Budgeting best practices and common challenges

Module 4: Rolling Forecasts

  • Understanding the concept of rolling forecasts
  • Benefits of adopting rolling forecasts over traditional static budgets
  • Implementation strategies for rolling forecasts

Module 5: Forecasting Techniques

  • Overview of forecasting methods: quantitative vs. qualitative
  • Time-series analysis, regression analysis, and scenario planning
  • Selecting the appropriate forecasting technique for different situations

Module 6: Financial Modeling for Decision-Making

  • Introduction to financial modeling
  • Building and interpreting financial models
  • Using financial models to support decision-making

Module 7: Cash Flow Forecasting

  • Importance of cash flow forecasting
  • Building a cash flow forecast
  • Managing cash flow to ensure liquidity

Module 8: Performance Metrics and Key Performance Indicators (KPIs)

  • Identifying relevant performance metrics
  • Using KPIs for monitoring and evaluation
  • Aligning KPIs with organizational goals

Module 9: Budget Variance Analysis

  • Understanding budget variances
  • Analyzing variances to identify causes and trends
  • Implementing corrective actions based on variance analysis

Module 10: Integrated Financial Planning

  • Integrating financial planning, budgeting, and forecasting processes
  • Aligning financial plans with strategic objectives
  • Case studies on successful integrated financial planning

Note: This outline provides a general structure for the training. The specific content, activities, and duration of each session may be adjusted based on the target audience, learning objectives, and available time.

Classroom Training Schedule

Start Date End Date Location Cost Apply
Jun 10, 2024 Jun 14, 2024 Nairobi $ 950 Register
Jul 15, 2024 Jul 19, 2024 Nairobi $ 950 Register
Aug 19, 2024 Aug 23, 2024 Nairobi $ 950 Register
Sep 23, 2024 Sep 27, 2024 Nairobi $ 950 Register
Oct 28, 2024 Nov 01, 2024 Nairobi $ 950 Register
Dec 02, 2024 Dec 06, 2024 Nairobi $ 950 Register

Virtual Training Schedule

Start Date End Date Location Cost Apply
Jun 24, 2024 Jun 29, 2024 Online $ 400 Register
Jul 29, 2024 Aug 03, 2024 Online $ 400 Register
Sep 02, 2024 Sep 07, 2024 Online $ 400 Register
Oct 07, 2024 Oct 12, 2024 Online $ 400 Register
Nov 11, 2024 Nov 16, 2024 Online $ 400 Register
Dec 16, 2024 Dec 21, 2024 Online $ 400 Register

Registration Process

Enrolling in our training programs is effortless! Upon submitting your details on the course registration link, a representative will get in touch with the relevant information.

Group Discounts

Boost your team's skills and maximize value with our attractive group discounts. Enroll 3 or more participants and enjoy significant discounts on any of our training programs.

Course Language

This Training course is offered in ENGLISH . Please indicate the language of choice during registration.

Training Approach

Our instructor-led trainings use well guided presentations, practical exercises, and group acivities. Participants are encouraged to bring any data relevant to their job responsibilities. Training manuals and additional reference materials are provided to the participants.

Certification

Upon completion of training, the participant will be issued with a certificate of Completion.

Post Training Support

Our commitment our clients success extends beyond the training program. We offer ongoing 3 months support through Q&A sessions, online forums, and access to our expert instructors.

Tailor-Made Course

We design customized training programs and inhouse workshops to meet specific training needs and organizational goals. Contact us to find out more: training@perk-gafrica.com