This online budgeting and forecasting course is essential professional development, whether you are in the finance industry or are from a non-financial background. A clear understanding of budgeting and forecasting governs the successful planning and decision-making tasks required of managers and is critical to business strategy.
The Certificate of Budgeting and Forecasting is an online professional development course that will provide you with the skills and knowledge required to prepare, document and manage budgets and forecasts to meet organisational objectives.
This online budgeting and forecasting course will teach you how to prepare operational budgets and introduce you to cash flow budgets and financial analysis and reporting. You will also learn how to forecast estimates and monitor budgeted outcomes and use a range of tools and techniques to successfully manage budgets and forecasting.
On completion of this course, you will be equipped with the skills and knowledge to confidently fulfil professional goals and meet the expectation of organisations.
Course Structure
Unit 1 - Prepare operational budgets
- Budget objectives
- Annual planning
- Consultation and involvement
- Forecasting
- Cost reduction and measures
- Waste minimisation
- Operations analysis
- Cash expenditure and revenue items
- Responsibility accounting
- Budgets as controls
- Cash flow budgets
- Capital budgets
- Cost analysis and reporting
- Break even analysis
- Preparation of a revenue budget
- Profit and loss reports
- Financial cost analysis
- Internal and external budget factors
- Accrual versus cash accounting
- Rules of accounting
- Five basic bookkeeping principles
- The principle of recording
- The principal of control
- Clarifying budget information
- The consultation processes
- Budget objectives and strategies
- Budget discussion format
- Negotiations
Unit 2 - Manage budgets and forecasts
- Prepare budget
- Budget objectives
- Types of budget
- Sales and expenditure budgets
- Master budget
- Cash budgets
- Production budgets
- Materials budgets
- Labour budgets
- Overhead budgets
- Statement of performance
- Financial budgets
- Capital budgets
- The cash flow budget
- Budgeted statement of financial position
- Reporting expenditure
- Items relevant to a budget
- Performance indicators
- Variable and fixed expenditure
- Contribution margin
- Breakeven point analysis
- Highlighting milestones
- Milestones and performance indicators
- Forecasting data
- Qualitative forecasting
- SWOT analysis
- Assumptions and parameters
- Estimates of cash flow, costs and revenues
- Cash receipts forecast
- Industry averages
- Statistics and research
- Financial risk and protection strategies
- Revenue controls
- Expense controls
- Cash flow controls
- Capital controls
- Presenting data
- Service budget format
- Capital budgets
- GST
- The budgeted statement of cash flows
- Statement of financial position
- External reporting
- Budget calendar
- Market growth and development
- Non for profit (NFP) projects
- Budget variances
- Variance reporting
- Review budget processes
- Rolling budgets
- Budget audit
Study Hours
Estimated duration 30 hours
Course Delivery and Start
Start anytime, self-paced and 100% online
Assessment
Assessment will be comprised of written exercises, including short-answer questions, reflective tasks, short reports and/or projects. There are no examinations or due dates for assessment. As a result, you can complete training in your own time and at your own pace with the assistance of unlimited tutor support.
Testimonials
A good way to gain additional knowledge online
S.Brooks, Elwood VIC | Certificate of Budgeting and Forecasting
Loved that I was able to complete the course in my own time. The process and study material was easy to follow and feedback from the tutors was helpful.
I would recommend this training facility. Overall great experience and I would use them again 🙂
M. Colesworthy, Skye, VIC | Certificate of Budgeting and Forecasting
The course and the resources were really easy to follow and assessments were comprehensive and aided in cementing the knowledge acquired
C. Timmermans, Redbank Plains, QLD | Certificate of Budgeting and Forecasting
The study tool was relatively easy to use, the support was fantastic, the speed of marking was fantastic. Overall a great experience
R. Massey, Morewell, VIC | Certificate of Budgeting and Forecasting
Graduation
A Certificate of Attainment and Statement of Results will be issued upon successful completion of this course.
How to Enrol
Enrol Online: Click Add to Cart/View Cart on the course page.
Enrol via Live Chat (Business Hours)
Enrol via Telephone 1300 76 2221 (Business Hours)
Enrol via Purchase Order/Tax Invoice
Enrolling Multiple Staff?
To enrol multiple staff, please complete the Employer Enrolment Form. We’ll be in touch within 60 minutes during business hours!
Payment Options
Visa, Mastercard, BPAY and Direct Deposit.
Course FAQs
Why Choose Australian Online Courses?
- Professional development that is widely recognised and respected;
- Improve your employment opportunities;
- Study online, anywhere via our elearning system;
- High-quality professional development programs written by industry experts;
- All course materials provided online – no textbooks to buy;
- Unlimited tutor support via email;
- We offer twelve (12) months’ access, with extensions available upon application (fees apply);
- Course may be tax deductible; see your tax advisor.
Are there any entry requirements or pre-requisites?
There are no course or subject pre-requisites for entry into our programs. However, our professional development programs are generally intended for people over the age of 18. In some circumstances, enrolments from younger people may be considered. Please complete the AOC Parent Guardian Consent Form prior to enrolling and submit here.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
How is this course delivered?
This course is delivered online via our easy-to-navigate Learning Management System (LMS), where you will discover interactive online learning/written content, resources and assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our LMS and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email only during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.
Career Pathways
Future growth
Strong
Unemployment
Low
- Budget Analyst
- Forecasting Analyst
- Cost Administrator
- Commercial Analyst
- Financial Controller
- Assistant Accountant
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