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Budgeting Processes
Overview
CPA Members only
CPA Australia has partnered with the Corporate Finance Institute (CFI) to curate a collection of professional development courses exclusively for CPA members. CFI courses have an emphasis on hands-on, practical learning and skills acquisition. They teach in-demand industry practices, tools and techniques that help accounting and finance professionals build confidence, stand out from the competition, and make a positive impact on their careers.
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.
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Your satisfactory completion of the training module may be recorded against your CPD hours.
CFI programs will be supplied to CPA Australia members as standalone courses for 12 months from the date of purchase and as such, any associated CFI certifications are not able to be supplied. Refunds or extensions for purchases of CFI courses will only be available in exceptional circumstances and will be based on CPA Australia and CFI's cancellation terms.
Course partner
What you'll learn
- Explain the role budgeting plays in helping companies execute on their strategy.
- Explain the four main categories of performance measures used by companies.
- Define the top reasons that companies should engage in budgeting.
- Recommend the critical components of a master budget.
- Define the main steps that make up the budgeting process.
- Explain why the degree of budget participation is essential for motivating managers.
- Identify and explain the four most common approaches to budgeting.
- Identify the main tenets of 'Beyond Budgeting'.
- Calculate variance and categorize items as favorable or unfavorable.
- Define the role that dashboards play in the budgeting process.
Who is this for ?
This course on budgeting processes is designed for those responsible for financial management and budgeting within their organizations. This may include professionals working in financial planning and analysis (FP&A), accounting, treasury, financial reporting, and corporate development.
