Financial Budgeting Course Bundle - 4 Courses in 1

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Courses	You get access to all 4 courses, Projects bundle. You do not need to purchase each course separately.
Hours	17+ Video Hours
Core Coverage	This course will offer you in-depth knowledge of Financial Budgeting which includes concepts on forecasting techniques, budgeting process, cost structure, and costing systems.
Course Validity	Lifetime Access
Eligibility	Anyone serious about learning Financial Budgeting
Pre-Requisites	Basic knowledge of basic Maths and Financial Statements
What do you get?	Certificate of Completion for each of the 4 courses, Projects
Certification Type	Course Completion Certificates
Verifiable Certificates?	Yes, you get verifiable certificates for each course with a unique link. These link can be included in your resume/Linkedin profile to showcase your enhanced skills
Type of Training	Video Course – Self Paced Learning

What is Financial Budgeting?

A budget is a financial plan for a specific period, usually prepared for a financial year. It covers all financial aspects for the future period right from revenue, costs, expenses, profits, assets, liabilities, and cash flows. The budget is more of an estimate and the target set by the management for future performance. The budget is the expected performance and the same will be tracked against the actual performance and the gaps will be monitored by the management. There are two types of budgeting – Operational budgeting and Capital budgeting.

What skills will you learn in this Course?

You will be learning the following topics in this Online Financial Budgeting Course.

Budgeting and Forecasting: Beginner Level: This part covers the budgeting and forecasting techniques from basics. You will be able to understand the budgeting process and the various concepts in that. This session will help you to develop the budget in line with the organization’s goals.

• Introduction to budgeting and forecasting.
• Costing concepts – Master budget; Costing concepts; Direct and Indirect cost concepts.
• Cost behavior – Overhead allocation; Cost behavior; Fixed and variable cost concepts.
• Contribution – Cost volume profit model with examples.
• Statement – Forecasting techniques and budgeting techniques; Preparation of Financials; Balance sheet; Income statement; Cash flow statement.
• Case studies
• Monitoring – Budget monitoring and control.
• Run rate – Run rate and MYF; Dynamic market; Behavioral and Ethical aspects.

Advanced Budgeting: Banking Sector: In this part, you will learn about budgeting and forecasting in the banking sector. Though at the macro level the techniques are the same, the core budgeting concepts are different for each business sector. The following will be discussed during the session.

• Banking and budget basics
• Consumer banking – Interest bearing accounts and deposits; Personal loans; Home and Vehicle loans.
• Commercial banking – Commercial loan; Working Capital; Payroll Services; Bank Guarantee.
• Advisory and Services – Wealth management; Trade and funds.
• Balance Sheet
• Income Statement and Funding Gap
• Reserves and Provisions
• Consolidated budget – Master budget; Revenue and expenses; Cost of sales; Gross profit; Other expenses; Taxable profit.
• Scenario analysis – Growth rate scenario; Economic indicators; Forecasts simulator; Reserve Scenarios and Simulator.

Advanced Budgeting: Automobile Sector: In this part, you will learn about budgeting and forecasting in the Automobile sector. The following will be discussed during the session.

• Basics of the Automobile industry – Automobile basics; Lead time; Supply schedule; Cost of Goods sold; Goals; Growth estimates; SG&A.
• Revenue and direct costs– Gross profit, SG&A overheads; EBITDA.
• Cash budget – Monthly and yearly view.
• Cash conversion cycle – Concepts; Calculation and Interpretation.