Budgeting and Forecasting Training in Thimphu, Bhutan

This course provides a comprehensive understanding of budgeting and forecasting principles, methodologies, and best practices. Participants will learn how to develop accurate budgets, create financial forecasts, analyze variances, and improve financial decision-making using modern tools and techniques.

Course Agenda

Module 1: Introduction to Budgeting and Forecasting

• Importance of budgeting and forecasting in financial planning

• Types of budgets: operating, capital, cash flow, and flexible budgets

• Key forecasting models and techniques

Module 2: Budgeting Techniques and Methodologies

• Top-down vs. bottom-up budgeting

• Zero-based budgeting (ZBB) and incremental budgeting

• Rolling budgets and dynamic planning

Module 3: Financial Forecasting Methods

• Qualitative and quantitative forecasting techniques

• Time-series analysis and trend projections

• Scenario analysis and sensitivity analysis

Module 4: Variance Analysis and Performance Monitoring

• Identifying and analyzing budget variances

• Forecast accuracy measurement and improvement

• Tools and techniques for financial performance monitoring

Module 5: Technology and Tools for Budgeting & Forecasting

• Excel for financial modeling and scenario planning

• Budgeting and forecasting software (e.g., SAP, Oracle, Adaptive Insights)

• Automation and AI-driven forecasting

Module 6: Best Practices and Strategic Financial Planning

• Aligning budgeting with organizational goals

• Risk management and contingency planning

• Continuous improvement and adaptive planning