You are expected to have either completed the stated prerequisite course(s) or possess the equivalent knowledge prior to enroling in this course:
Financial budgeting course description
This financial budgeting course will teach you about the entire budgeting process from start to finish, including how to create a disciplined culture of budgeting in your organization, the various methods for building budgets, techniques to analyze results, and how to increase the chances of organizational performance improvements.
This interactive and applied budgeting course enables participants to:
- Adopt a disciplined approach to developing budgets
- Forecast results with quantitative and qualitative methods
- Effectively use variance analysis to track performance
- Present results with charts and graphs
Who should take this budgeting class?
This online budgeting class is designed for those who are responsible for financial management, budgeting, and forecasting within their organizations. This may include professionals working in financial planning and analysis (FP&A), accounting, treasury, financial reporting, corporate development, etc.
What you will learn in this budgeting 101 course
By the end of this budgeting 101 class, participants are able to:
- Understand the principles behind best practice financial management
- Explain the importance of budgeting within a strategic framework
- Build a robust budgeting process within their organization
- Know when and where to use various budgeting approaches such as zero-based budgeting
- Forecast future performance by better analyzing revenue and cost drivers
- Use effective variance reporting to track organizational performance
- Make use of Excel functions and tools that are particularly suited to the budgeting process.
Financial budgeting class content
Topics covered will include:
- Budgeting within a strategic framework
- Building a robust budgeting process
- Managing budget psychology
- A practical guide to developing budgets
- Common budgeting approaches (e.g. Incremental, value-based, zero-based, etc.)
- Forecasting techniques (moving average, regression analysis, etc.)
- Tracking budget performance with variance analysis (waterfall charts, etc.)
- Applied budgeting tools and techniques (Excel, solver, pivot tables, etc.)
For further CPE information, please read before purchasing:
Publish Date: Sep 06, 2017
Last Revision: Jan 18, 2018
Budgeting 101 class screenshots
What You'll Learn
Path to Certification
5 courses from beginner to intermediate level.01Optional
9 courses from beginner to intermediate level.02Required
Take 3 out of 9 courses at an advanced level.03Required
Submit your FMVA®️ checklist and order your certificate.04Required
Join Our Community
Get access to the Global Corporate Finance Society.05Optional
How the Certification Works
What Our Students Say
The likelihood of project achievement rests firmly on exceptional planning, budgeting, and forecasting skills, and the ability to action chosen initiatives. This course adequately covers these topics in expert fashion. It was very enjoyable! Specifically, I found the coursework on budgeting and forecasting to be extremely helpful, and also the easiest to follow that I've yet encountered. It mentions the importance of alternatives to budgets and discusses root causes, variance, and other forms of analysis that match best practices. I, personally, make use of scorecards on a macro and on a micro level, to drill down into detail for quality control purposes. I feel it is a great way to equip managers with a means of reporting on performance in a way everyone understands. To assess performance in terms of procurement, production, management, distribution, and several other administrative business functions, is no easy matter. There are indeed many KPIs available, and they are not that difficult to develop once you understand root causes, results, and their concomitant effects or influences (i.e. how it all chains together). Furthermore, this is a very important course—even if you are already an advanced budgeting, forecasting, and overall performance managing professional—because there is so much to gain in terms of just wrapping your head around these concepts. Multiple regression or correlation coefficient analysis (whether for linear or more complex nonlinear functions, variable-switched relations, etc.) is something I use daily! Data consolidation is crucial to accurately highlight and reconcile positive variance from what is negative variance, (solving root problems and understanding their core drivers). Beyond that, these methods of analysis enhance the utility of financial data. When I compile my research, I make use of population data, pharmaceutical data, financial data, and much more. Depending on your line of work the data differ greatly, but the techniques behind analyzing data, and extending data utility by finding relationships, all start with the same principles. That is why it goes without saying expanding the utility of financial data is the way forward. To utilize the system of environmental and economic accounting, to integrate a triple bottom line, to engage in PR, CSR, or CSI activities, and to execute even the most elementary business strategies all rely on understanding the relationships between real-world data and turning that into information for financial decision-making. This course was very well delivered. Thank you!
I hope we will have access to this study materials as long as possible
Learned some insightful tools when it comes to variance analysis. Refreshing my knowledge on regression analysis was also helpful.
The test at the end of the course makes you think about the content that you have just learned. Very effective.
Frequently Asked Questions
FMVA® Financial Analyst Certification
Become a Financial Modeling and Valuation Analyst (FMVA)® by completing all required courses in accounting, finance, modeling, Excel, presentations, and strategy. From beginner to advanced courses you will have the complete training you need to become a world-class financial analyst.