Budgeting and Forecasting

Workshop dates:

Johannesburg: 20-21 August 2018
Durbanville, Cape Town: 15-16 August 2018
Durban North: For further dates email customerservice@norcazacademy.co.za

Course Fee: 

Single: R6,200.00 (R7,130.00 incl. 15% VAT)
Group booking of 3 or more delegates:  R5,500.00 (R6,325.00 incl. 15% VAT) per delegate – T&C’s apply

In-House Training sessions: available on request – send an e-mail with specifications to admin@norcaz.biz


This intensive two-day workshop will equip delegates with skills to understand and implement budgets within an organisation.  Delegates will learn how to prepare and present a proposed budget and then monitor and control actual revenue and expenses against projected revenue and expenses throughout the period.
The training methodology is interactive and the delegates will learn by ‘doing’ various exercises and will be assisted by a competent and skilled facilitator to bring these concepts home on a practical level.

Course Outcome

Upon completion of this workshop, delegates will be able to:

  • Understand the concept of budgeting in an organisation and in separate business units
  • Have a practical knowledge of the entire budgeting process
  • Analyze and develop budget requirements at department level
  • Be able to prepare and monitor organisational and departmental budgets
  • Have the confidence to interact with other departments on budgetary issues
  • Use budgets to monitor performance
  • Know how to use the budget to work for increased profitability
  • Keep costs in check in line with the budget
Who Should Attend?

Office and Admin Managers, Team Leaders, Line Managers, supervisors and Office Professionals that manage an organisation or department and needs to develop, implement and/or monitor budgets

Decoding the budgeting concept
  • Understanding the need for organisational / departmental budgets
  • Gross revenue make-up
  • Income and expenditure
  • Cost of sales and cash outflows
The cash flow cycle
  • The uses of working capital
  • Cash flow and profits
Quantifying costs
  • Absorption costing
  • Marginal costing
  • Standard costing
Understanding statutory accounts
  • Cash Flow forecast
  • The Profit and Loss Account
  • The Balance Sheet
  • Accounting principles
Analyzing accounts
  • Using ratios to analyze performance
  • Making departmental comparisons
  • Using data to make decisions
Forecasting and Budgets
  • What forecasts are needed
  • How to make better and more accurate forecasts
  • Using forecasts to decide the budget
  • Zero-based budgeting
Preparing and justifying a proposed budget
  • Substantiating proposed activities against cost benefit returns
  • Justifying proposed activities in terms of research done, rational projections and experience
Departmental budgets
  • Compiling a departmental budget:
  • Compiling the information
  • The fundamentals of departmental budgets
  • Typical format
  • Synchronizing with the organisational budget
  • Practical tips on putting the budget together
Monitoring actual vs projected revenue and expenses
  • Ensuring budget items have been recorded correctly
  • Analyzing a variance report and taking corrective steps
  • Providing ongoing feedback on progress in relation to the budget
  • Making projections on future activities and adjusting the current budget using past experience
  • Putting systems in place to manage revenue and expenses
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-Work-Center Traing pts photo3 conference room day 2