Financial Planning, Budgeting, and Forecasting Essentials Training Course

Course Outline

Module 1: Fundamentals of Financial Planning

ü  Introduction to financial planning

ü  Key components of a financial plan

ü  The role of financial planning in organizational success

ü  Financial planning tools and techniques

ü  Practical Session: Creating a basic financial plan

Module 2: Budget Preparation and Management

ü  Principles of budgeting

ü  Types of budgets (operational, capital, cash flow)

ü  Steps in budget preparation

ü  Budget monitoring and control

ü  Practical Session: Preparing an operational budget

Module 3: Variance Analysis and Performance Evaluation

ü  Understanding budget variances

ü  Causes of variances and corrective actions

ü  Key Performance Indicators (KPIs) for financial performance

ü  Tools for performance evaluation

ü  Practical Session: Conducting variance analysis

Module 4: Forecasting Techniques and Tools

ü  Introduction to financial forecasting

ü  Qualitative vs. quantitative forecasting methods

ü  Time series analysis and trend projection

ü  Scenario planning and sensitivity analysis

ü  Practical Session: Developing a financial forecast

Module 5: Strategic Financial Planning

ü  Aligning financial plans with organizational goals

ü  Long-term vs. short-term financial planning

ü  Risk management in financial planning

ü  Strategic decision-making using financial data

ü  Practical Session: Creating a strategic financial plan

Module 6: Cash Flow Management and Liquidity Planning

ü  Importance of cash flow management

ü  Techniques for cash flow forecasting

ü  Managing liquidity and working capital

ü  Tools for cash flow analysis

ü  Practical Session: Preparing a cash flow forecast

Module 7: Financial Software and Technology

ü  Overview of financial planning software

ü  Using Excel for budgeting and forecasting

ü  Automation in financial planning

ü  Data visualization and reporting tools

ü  Practical Session: Using software for budget preparation

Module 8: Risk Management in Financial Planning

ü  Identifying financial risks

ü  Risk assessment and mitigation strategies

ü  Contingency planning

ü  Integrating risk management into financial plans

ü  Practical Session: Developing a risk management plan

Module 9: Performance-Based Budgeting

ü  Introduction to performance-based budgeting

ü  Linking budgets to organizational performance

ü  Measuring outcomes and impacts

ü  Challenges and best practices

ü  Practical Session: Designing a performance-based budget

Module 10: Advanced Forecasting and Scenario Analysis

ü  Advanced forecasting models

ü  Scenario analysis and stress testing

ü  Predictive analytics in financial forecasting

ü  Case studies on successful forecasting

ü  Practical Session: Conducting scenario analysis

Admission Criteria

ü  Participants should be reasonably proficient in English. 

ü  Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free
2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.
3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.
4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.
5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com  and we will send you a registration form. We advise you to book early to avoid missing a seat to this training. Or call us on +254737296202 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1.    Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2.    Invoice: We can send a bill directly to you or your company.

3.    Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1.    Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2.    Participants may cancel attendance 14 days or more prior to the training commencement date.

3.    No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor-Made Courses

We understand that every organization has unique training needs. Armstrong Global Institute offers tailor-made courses designed to address specific requirements and challenges faced by your team or organization. Whether you need a customized curriculum, a specific duration, or on-site delivery, we can adapt our expertise to provide a training solution that perfectly aligns with your objectives. Contact us to discuss how we can create a bespoke training program for you. For further inquiries, please contact us on Tel: +254737296202 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com  

Accommodation and Airport Pick-up

For physical training attendees, we can assist with recommendations for accommodation near the training venue. Airport pick-up services can also be arranged upon request to ensure a smooth arrival. Please inform us of your travel details in advance if you require these services. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254737296202 / +254725012095 / +254724452588