107: Budgeting and Application of Advanced Excel in Budgeting and Budget Analysis

Module 1: Fundamentals of Budgeting

• Key Concepts in Budgeting: Types, Objectives, and Principles
• The Budgeting Process: From Planning to Approval
• Components of a Comprehensive Budget
• Common Challenges in Budget Preparation and Implementation
• Activity: Developing a Simple Budget Template

Module 2: Budgeting Techniques and Approaches

• Zero-Based Budgeting vs. Incremental Budgeting
• Activity-Based Budgeting and Rolling Budgets
• Forecasting Techniques in Budget Preparation
• Linking Strategic Plans to Budgeting
• Case Study: Selecting the Appropriate Budgeting Technique

Module 3: Introduction to Excel for Budgeting

• Excel Basics Refresher: Shortcuts, Formatting, and Basic Formulas
• Organizing Data for Budgeting: Tables and Data Validation
• Creating Budget Templates Using Excel
• Using Excel Functions for Basic Calculations (SUM, AVERAGE, COUNT, etc.)
• Practical Session: Setting Up a Budget Framework in Excel

Module 4: Advanced Excel Functions for Budgeting

• Logical Functions: IF, AND, OR for Conditional Budgeting
• Lookup and Reference Functions: VLOOKUP, HLOOKUP, XLOOKUP, INDEX, MATCH
• Financial Functions: NPV, IRR, PMT for Financial Planning
• Text Functions: CONCATENATE, TEXT, LEFT, RIGHT for Budget Reports
• Hands-On Exercise: Building a Dynamic Budget Template Using Advanced Functions

Module 5: Budget Analysis and Monitoring

• Variance Analysis: Identifying Budget Deviations (Favorable/Unfavorable)
• Cost-Benefit Analysis and Performance Metrics
• Analyzing Trends Using Charts and Graphs in Excel
• Using Conditional Formatting for Budget Monitoring
• Practical Application: Performing Variance Analysis in Excel

Module 6: Scenario and Sensitivity Analysis in Budgeting

• What-If Analysis: Goal Seek, Scenario Manager, and Data Tables
• Sensitivity Analysis for Risk Assessment
• Building Flexible Budgets for Dynamic Environments
• Workshop: Simulating Scenarios and Adjusting Budgets in Excel

Module 7: Budget Consolidation and Reporting

• Combining Departmental Budgets into a Master Budget
• Generating Summary Reports and Dashboards in Excel
• Automating Reports with Macros
• Sharing and Presenting Budgets Using Pivot Tables and Charts
• Practical Exercise: Creating a Budget Dashboard in Excel

Module 8: Budgeting for Decision-Making and Optimization

• Using Budget Analysis for Strategic Decision-Making
• Identifying Cost-Saving Opportunities
• Implementing Budget Control Measures
• Using Solver for Budget Optimization
• Case Study: Developing an Optimized Budget Plan

GENERAL NOTES
i.   The clients have many options on where they would wish to have the training
ii. The client should communicate their preferred training venue at least seven days before the training date failure to which the training shall take place in Nairobi.
iii. This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.
iii. Training manuals and additional reference materials are provided to the participants.
iv. Upon successful completion of this course, participants will be issued with a Chania finance consultancy certificate.
v.   The onsite training fee covers tuition fees, training materials, tea at 10am, lunch, tea at 4pm, training venue and a certificate on completion. Accommodation and travel may be arranged for our participants upon request.
vi.   The online training fee covers tuition fees, training materials, and a certificate on completion.