Certified Budget Analyst - Advanced Budgeting & Financial Forecasting Using Advanced Excel

LEORON Professional Development Institute
Training overview
Professional Course
Virtual Classroom
5 days

Start dates




Course description

Certified Budget Analyst - Advanced Budgeting & Financial Forecasting using Advanced Excel

In our rapidly developing markets, the need for companies to react promptly to the changing environment is crucial. Historical accounting records are essential but are not enough for managers to make informed strategic operational and financial decisions. Management’s pre-defined goals should be filtered down into budgets, forecasts and plans of action.

Most of the mid-sized companies and almost the entire large corporates engage in some forms of budgeting, planning and forecasting. However, many are characterized by being not dynamic or interactive which may negatively impact the decisions made by top management. Making the right decision in such an atmosphere is easier when there is a clear view on what the future will bring. The future, however, may be predicted only from the moment when a good understanding of the past has been achieved; fast-changing business conditions call for agile planning, budgeting and forecasting.

Who should attend?

The course is suitable for:

  • Budgeting and planning personnel
  • Capital and resource planning
  • Finance managers
  • Senior and mid-level management
  • Department managers
  • Strategists
  • Data analysts
  • Risk controllers
  • Board members
  • Compliance officers
  • Financial modellers

Training content

Excel Modelling Tools:

  • Spreadsheet skills for planning and budgeting
  • Advanced Excel tips
  • Formatting
  • Documentation
  • Separating growth and cost factors
  • Optimization layout
  • Arithmetic cross checks
  • Charts
  • Data input forms Budgeting:
  • Approaches to business planning in Excel models
  • Scope of budgeting
  • Different approaches to budgeting
  • Spreadsheets for budgets
  • Preparing the budget template
  • Preparing the actual template
  • Preparing the variance report template
  • Preparing the year to date report template Consolidating data:
  • Using the Excel Consolidate Command Forecasting:
  • Approaches to forecasting
  • Collecting and examining the data
  • Data collection
  • Using statistical measures
  • Selecting and evaluating forecasting techniques
  • Accuracy and reliability
  • Smoothing techniques
  • Adaptive filtering
  • Exponential smoothing
  • Regression analysis
  • Standard error
  • Multiple regression
  • Time series analysis
  • Multiplicative time series analysis
  • A time series analysis model
  • A model for analysing expected values
  • Trends and seasonalities
  • Expected Values
  • Developing a financial plan
  • What if analysis Forecasting Using Monte Carlo Simulation:
  • Introduction of Crystal Ball of Oracle
  • Building a Crystal Ball Model
  • Simulation modelling process
  • Defining crystal Ball assumptions and forecasts
  • Running Crystal Ball
  • Tornado charts and sensitivity analysis PowerPivot
  • Creating pivot tables from different data sources
  • Creating linked tables
  • Linking data into Excel from other Excel sources like Oracle
  • Relationship detection
  • Creating KPI (Key Performance Indicators)
  • Introduction to database management systems

    For the complete course outline

Certification / Credits

Upon successful completion of this course, candidates will receive a Certificate with your name and designation as MIAFM (Member of the International Academy of Business and Financial Management).

Successful completion of this course makes you a CBA™ Certified Budget Analyst. You can use CBA™ on your business card and resume.

  • Up to 18 months membership to the IABFM professional body
  • Access to the IABFM network and body of information online
  • Preferred access to education centers in USA, UK, Europe, Asia, Middle East and Latin America
  • Access to the IABFM journal published online Gold Embossed

Why choose Leoron?

LEORON has worked with some of the largest companies in the World - but importantly we care about the individual. Through our Customer Happiness Team we ensure that everyone who attends a LEORON course has the support before, during and after to ensure their training needs are met.

We offer the highest level of training delivery, whether that be in our live-virtual training or in-classroom sessions, with our expert instructors guiding you through everything so that you’re left feeling assured and confident to utilize your new knowledge going forward.

About Leoron

LEORON Professional Development Institute

LEORON is the fastest growing global training institute in the World, having evolved over the past 11 years into a dominant training institute that offers a comprehensive set of training and development solutions to both individuals and businesses. Our locations...

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LEORON Professional Development Institute


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