Budgeting, Planning and Management Reporting Training

The programme

Programme overview

The Budgeting, Planning & Management Reporting training course is designed to equip participants with critical cost awareness and budgetary skills essential for effective resource management and control. This is especially important in the context of increasing global competition, where budgeting is closely linked to strategic objectives and future initiatives. Ratomac Budgeting, Planning & Management Reporting Training course addresses common challenges such as inadequate planning, lack of business understanding, and errors in budget compilation, as well as the issue of ineffective management reporting.

Who should attend

Who is this programme for?

• Staff Responsible for Entering Data into the Budget System or Training Others
• Those Seeking to Gain Control of Their Firm's Financial Standing
• Financial, R&D, Sales/Marketing, General Accounting, and Business Unit Professionals
• Anyone Looking to Refine and Advance Their Budgeting and Costing Knowledge

Learning outcomes

What you will learn

• Link budgeting and costing with strategy execution
• Understand critical factors impacting business processes
• Discuss modern systems of cost analysis for budgeting, including how AI now accelerates cost-driver analysis
• Master budgeting and financial skills for better decision-making
• Explore best practices for managing multiple organisational performances, including value-based metrics such as EVA®

Explore the programme

Detailed programme outline

5-Day Comprehensive — Training Outline

• Understanding planning strategies and their implementation
• The role of strategy maps in defining the business
• Effective management reporting practices
• Addressing agency problems, and the importance of corporate governance and working capital
• Determining the purpose and objective of forecasts
• Utilising statistical analytical tools and quantitative analysis
• Forecasting techniques and solutions for agency problems
• Conducting causal analysis using regression and Excel® for historical data analysis
• Understanding the purposes of budgeting
• Planning and control mechanisms
• Assembling budgets, understanding cost behaviour, and conducting Cost-Volume-Profit (CVP) analysis
• Implementing standard costing, flexed budgets, and variance analysis
• Implementing Activity-Based Costing (ABC) and managing costs, including how AI now supports cost-driver analysis by identifying patterns across large transaction datasets more quickly than manual review
• Refining costing systems and understanding cost drivers
• Transitioning from traditional budgeting to Activity-Based Budgeting (ABB)
• Addressing motivational and behavioural aspects of budgeting
• Broadening performance measurement systems
• Focusing on shareholder value with Economic Value Added (EVA®)
• Integrating financial and non-financial issues with beyond-budgeting concepts
• Introducing the Balanced Scorecard and its key perspectives, including how AI-powered dashboards now support real-time tracking across its four perspectives

Learning approach

How you will learn

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.– Course Material: Access well-crafted supporting resources.– Group Work: Collaborate on discussions and case studies for practical insights.– Workshops & Role-Play: Participate in immersive, scenario-based activities.– Practical Application: Focus on applying theoretical knowledge in real situations.– Post-Training Support: Receive extensive support after training for skill implementation.

Discuss your requirements

Dates, duration & arrangements

Contact Ratomac to confirm dates, duration, delivery format, entry requirements and any applicable assessment or certification before booking.