Prospen Africa’s Masterclass enhances budgeting, forecasting, and business planning skills.
| Date | Venue | Duration | |
|---|---|---|---|
| 23 - 27 June 2025 | Sandton | 5 Days | Register Now |
| 27 - 29 August 2025 | Sandton | 3 Days | Register Now |
| 29 - 31 October 2025 | Sandton | 3 Days | Register Now |
Prospen Africa’s Integrated Budgeting, Forecasting, and Business Planning Masterclass provides both the theoretical foundation and practical skills necessary to implement world-class standards in planning, budgeting, performance measurement, and reporting systems. Participants will learn concepts, processes, and techniques essential for effective budgeting and business planning, enabling them to excel in their roles and responsibilities.
Through a blend of technical analysis, problem-solving, and real case studies, this course equips delegates with critical cost awareness and budgetary skills. These skills are vital for managing and controlling processes and projects amidst increasing global competition, where budgets are closely linked with strategy formulation and cost analysis.
By the end of this Integrated Budgeting, Forecasting, and Business Planning Masterclass course, participants will be able to:
Build an integrated planning, budgeting, and reporting process.
Understand cost behaviour more accurately.
Deliver more timely and useful information to decision-makers.
Enhance budgeting/financial skills for better decision-making.
Appreciate the importance of linking projects within budgets.
This Integrated Budgeting, Forecasting, and Business Planning Masterclass course is suitable for professionals involved in budgetary control and business planning, including:
Professionals seeking a deeper understanding of integrated planning and budgeting techniques.
Accountants responsible for budget preparation and management reporting.
Financial planners and cost analysts.
Line managers with direct planning and budgeting responsibilities.
Professional advisers, account personnel, and business consultants.
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.
Module One: Budgets and Strategy in Today’s International Environment
Organizational planning framework
Product/information/decision support cycle
Strategic, tactical, and operational forecasts
Strategic approach to business planning
Various strategic and tactical approaches to business planning
International business environment
Module Two: The Business Plan and Budget Development
Developing the business plan
Identification of key value drivers
Achieving objectives
Zero base budgeting
Activity-based budgeting
Developing the cash budget
Module Three: Analysing the Applicability of Historical Data Using Excel®
Problems of forecasting
Using historical data to predict the future
Forecasting
Development of time series models
Using regression analysis as a predictor and estimator
Mastering the use of exponential smoothing as a data analysis tool
Module Four: Using Activity-Based Budgeting and Cost Analysis Techniques
Cost behaviour and breakeven analysis
Activity-based costing
Budgeting for processes rather than departments
Defining key cost drivers
Defining key activities
Developing the activity-based budget
Module Five: Capital Budgeting and Project Appraisal
Identifying various types of capital projects
Discussing the capital project evaluation process
Understanding the impact of time on the value of money
Using WACC and ROIC as benchmarks
Developing the “hurdle rate” for capital projects
Evaluating capital projects using NPV, IRR, ARR, and payback model
Discover how our courses enhance professionals’ effectiveness in their workplaces.
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