Course description
The participants in the Certified Budget Analyst (CBA) Training Course at Rcademy will understand financial budgeting comprehensively. The financial statement must always be discussed when creating or assessing financial budgets. Additionally, it is essential to know how prices operate and how to calculate and assign them to the various components of organizational units when creating budgets. The course will also provide a thorough review of the alternative budgeting methods still used by different organizations. There will also be a demonstration of the many techniques that may be used to determine if the budget is accurate and prepared for approval. In certain circumstances, it decides whether a company can complete the project. Additionally, no budget discussion can be concluded without a review of how well a group or division did about the budget.
What is the role of a budget analyst?
The responsibilities of a budget analyst are to work with the leaders to create program and section budgets, evaluate budget suggestions for accuracy and adherence to the rules and regulations, and arrange periodic financial statements. In addition, budget analysts assess information and then use the information to create spending and arrangement suggestions for the institutions’ managers.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend?
The Certified Budget Analyst (CBA) Training Course at Rcademy course is ideal for:
- Data analysts
- Strategists
- Financial controllers
- Resource and capital planning
- Planning and budgeting personnel
- Risk controllers
- Board members
- Internal auditors
- Risk officers
- Departmental managers
- Chief executives
- Revenue department professionals
- Financial managers
- Department leaders
- Senior and mid-level controllers
Outcome / Qualification etc.
The objectives of the Certified Budget Analyst (CBA) Training Course at Rcademy are to enable professionals to:
- Learn how to prepare budgets with the use of different methods
- Determine how to analyze the differences between the actual and budgetary outcomes
- Learn how to read the budgeted or annual financial statements
- Determine how to assess if the budget can be rejected or approved
- Determine how to assign the prices to the products, departments, or services with the use of different techniques
- Apply the skills and knowledge learned to analyze the budget in other techniques
- Study how to better forecast costs and revenues
- Understand the behavior of prices and what determines them
- Determine the project variation of expenditures
- Learn how to make the company’s budget from the start
- Determine the comparison of the actual outcome with the budgetary figures and do a variance analysis
- Understand the various categories of funding and the application and how to use the most applicable for your company
- Learn the benefits of having a good budget analyst
Training Course Content
Module 1: Introduction to Financial Statements and Budgeting
- Budgeting techniques
- Budgeting and planning concepts
- Uncertainties, risks, and assumptions
- Sensitivity evaluation
Module 2: Various Methods for Making a Budget
- Planning
- Quarterly reviews
- Fixed/ flexible budgets
- Making a master budget
- Zero-based budgets
- Actual/budget comparison
Module 3: Financial Modelling
- Balance sheet
- Profit and loss statement
- Financial reports components
- Statements of cash flow
- Reports of the transformation in equity
- Accompanying records to the accounts
- Financial reports components
Module 4: Preparation of the Budget
- Accounting principles
- Accounting conventions
- Cash/ accrual accounting
- WorldCom/Enron scandals
- Worldwide accounting standards
- Worldwide public sector accounting standards
- Recognition of revenue
Module 5: Cost Accounting
- Break-even evaluation
- Contribution margin
- Margin principles
- Total absorption pricing
- Sensitivity evaluation
Module 6: Analyzing and Controlling Budgets
- Ratio analysis
- Market analysis and trends
- Variance analysis
- Quantity variance
- Horizontal balance sheet and statements
- Vertical balance sheet and statements
- Mix variance
- Price variance
Module 7: Sources in the Finance
- Cost of capital
- Gearing ratios
- Debt and equity financing
- Decisions concerning dividend payments
- The weighted average price of capital
Module 8: Public Sector Growth
- Return on investment
- Capital investment evaluation
- Current net value
- Public/ private corporation projects
- Payback period
Module 9: Operating with Capital Control
- Accounts receivable
- Inventory control
- Reconciliation of sub-ledgers
- Deferred taxation and tax
- Reconciliation of sub-ledgers
- Other recent assets and current liabilities
Module 10: Enterprise Resource Planning (ERP)
- Procurement
- Bill of material
- Sales
- Production
- General ledger integration
- Material Control
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...