Modern budgeting & forecasting

The course will take participants through the budgeting process, from strategic planning, goal setting and budget negotiation, to budget monitoring and variance analysis used by the most profitable/efficient companies.

We will explore what qualitative and quantitative forecasting techniques are used by profitable organisations. In particular, we will explore the best techniques for controlling operating costs and achieving dramatic cost savings where necessary. Cash flow forecasting, working capital management and cash flow statement analysis will be discussed using practical examples.

Program Outline

  • Modern budgetary planning and control
  • Cost accounting classification
  • Budgeting techniques and tools
  • Budget control techniques
  • Forecasting techniques and practices
  • Strategic analysis and financial planning
  • Cash flow management and analysis


Duration: 2 training days, live on-line

Date: 21 – 22 October 2021

Place: Zoom Meeting platform
Time: 9:00 – 15:30

Language: English
Price: 1 950 PLN net + VAT

Promotion: 20 October 2021

  • 15% discount for individual registration
  • 20% discount for registration of min. 2 persons
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Keynote speaker

Mustafa Muchhala

  • Member of CIMA organisation
  • has extensive experience as a senior lecturer in the Faculty of Business for various Accounting Institutes (CIMA, ACCA, ICAEW, ICAS, & AAT)
  • trainer in the field of e.g. management accounting, financial management and strategy

Benefits for participants

  • Get to know modern budget planning and control
  • Gain the ability to implement a budget plan in an organisation
  • Understand the process of preparing a cash forecast and analyzing a cash flow statement
  • Gain the ability to plan strategically, through goal setting and budget negotiation

Feedback from participants

  • “The training met my expectations – I am very satisfied!”
  • “Training conducted at a very high level.”
  • “I am impressed by the interactions proposed by the trainer (group work, quizzes and practical exercises).”

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