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Certificate of Budgeting and Forecasting


Course Outline and Topics

Course Overview

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

  • Prepare the budget
  • Budget objective
  • Consultation and involvement
  • Forecasting
  • Cost reduction
  • Fixed and variable costs
  • Cost reduction measures
  • Cash, expenditure and revenue
  • Responsibility accounting
  • Cash flow budgets
  • Inflows and outflows
  • Capital budgets
  • Commitments
  • Direct labour costs
  • Indirect costs
  • Cost analysis and reporting
  • Break even analysis
  • Revenue budget
  • Profit and loss reports
  • Financial cost analysis
  • Internal and external budget factors
  • Accrual versus cash accounting
  • Recording
  • Active consultation
  • Budget timeframe
  • Linking performance management
  • Suitable formats
  • Presentation
  • Graphs
  • Balance sheets
  • Balance sheets
  • Rolling forecasts
  • Forecast estimates
  • Statistics and research
  • Qualitative forecasting
  • SWOT analysis
  • Capital controls
  • Not-for-profit projects
  • Variance reporting
  • Rolling budgets

Unit 2 - Manage budgets and forecasts

  • Budget preparation processes
  • Define cash, expenditure and revenue
  • Capital budgets
  • Accruals
  • Budget objectives
  • Business objectives
  • Forecasting
  • Annual budget cycle
  • Budget types
  • Financial performance statement
  • Statement of financial position
  • Budget negotiation procedures
  • Milestones and performance indicators
  • Fixed expenditure
  • Breakeven point analysis
  • Estimates of future cash flow
  • Future costs and revenues
  • Cash receipts forecast
  • SWOT analysis
  • Budget assumptions
  • Financial risks
  • Protection strategies
  • Revenue and expense controls
  • Purchasing inventory
  • Cash flow controls
  • Capital controls
  • Budget reporting
  • GST payments
  • Budgets for new projects
  • Monthly review forecast
  • Not-for-profit projects
  • Variance reporting
  • Rolling budgets
  • Budget audit


Written assignments and exercises, including short-answer questions, reports/essays and projects. There are no examinations or due dates for assessment.


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Payment Information

Certificate Course



  • 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;
  • 12 months’ access. Free extensions may be available upon application.
  • Certificate of Attainment/Completion issued for your CV (hard copy provided); and
  • Course may be tax deductible; see your tax advisor.
SKU: C10002 Category: Tag:

Career Pathways

Future growth




  • Budget Analyst
  • Forecasting Analyst
  • Cost Administrator
  • Commercial Analyst
  • Financial Controller
  • Assistant Accountant
  • Best value option
  • Includes 12 months access


  • $150 deposit
  • $25/week
  • No credit checks required