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.
Unit 1 - Prepare operational budgets
Consultation and involvement
Cost reduction and measures
Cash expenditure and revenue items
Budgets as controls
Cash flow 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
Unit 2 - Manage budgets and forecasts
Types of budget
Sales and expenditure budgets
Statement of performance
The cash flow budget
Budgeted statement of financial position
Items relevant to a budget
Variable and fixed expenditure
Breakeven point analysis
Milestones and performance indicators
Assumptions and parameters
Estimates of cash flow, costs and revenues
Cash receipts forecast
Statistics and research
Financial risk and protection strategies
Cash flow controls
Service budget format
The budgeted statement of cash flows
Statement of financial position
Market growth and development
Non for profit (NFP) projects
Review budget processes
When you study with Australian Online Courses, you will be assessed using a competency-based training method.
Competency-based training focuses on the achievement of skills and knowledge against set criteria to meet industry-standard and is not benchmarked against other students’ work.
In this course, the assessment will be comprised of written assignments and exercises, which may include short answer questions, reports, essays, research projects and reflective tasks.
If you do not achieve a competency result on your first attempt, you have two more attempts to pass your assessment. So, you have three attempts in total to obtain a competency result.
In this way, you can complete your course in your own time and at your own pace with the assistance of unlimited tutor support.
A good way to gain additional knowledge online
S.Brooks, Elwood VIC | Certificate of Budgeting and Forecasting | October 2020
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;
No entry requirements;
All course materials provided online – no textbooks to buy;
Unlimited tutor support;
Easy to understand course content;
Twelve (12) months’ access, with extensions available upon application (fees apply);
Certificate of Attainment/Completion issued for your CV (hard copy provided); and
Course may be tax deductible; see your tax advisor.
How long will it take to complete this course?
The approximate study hours for this course is 30 hours. Twelve (12) months’ access, with extensions available upon application (fees apply).
Can I purchase optional printed materials?
Yes! The cost for printed materials for this course is $50 per unit.Total cost for optional printed materials is: $100.00. Printed materials are optional and not required to complete the course. Everything you need to complete the course is provided online via our e-learning system.
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.
Will I receive a certificate upon completion of this course?
Yes! You will receive a Certificate of Attainment upon successful completion of your assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our e-learning system 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 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.