Financial Control - Budgeting
Course ID: 260629 0101 157ESH
Course Dates : 29/06/2026 Course Duration : 5 Studying Day/s Course Location: London, United Kingdom
Language: Bilingual
Course Category: Professional and CPD Training Programs
Course Subcategories:
Business Decision Making Corporate Finance Financial Analysis Financial Planning & Control Performance Management
Course Certified By: ESHub CPD & LondonUni - Executive Management Training
* Professional Training and CPD Programs
Leading to:
Executive Diploma Certificate
Leading to:
Executive Mini Masters Certificate
Leading to
Executive Masters Certificate
Certification Will Be Issued:
From London, United Kingdom
Course Fees:
VAT varies by course location and participant nationality.
Date has passed please contact us Sales@e-s-hub.com
Introduction
This five-day course teaches practical budgeting skills for finance teams and budget owners. Participants learn how to build budgets, run forecasts, perform variance analysis, and tighten budget controls. The emphasis is on techniques you can apply immediately to improve forecast accuracy, reduce overspend, and make budget decisions with clear assumptions.
Objectives
1. Build complete department and project budgets using standard templates and document the assumptions behind line items.
2. Produce and maintain rolling forecasts, updating them with actuals and delivering a revised forecast within an operational reporting cycle.
3. Perform variance analysis to identify root causes and quantify corrective actions and savings opportunities.
4. Design and implement simple approval workflows and internal controls to reduce budget leakage and improve compliance.
5. Prepare and present budget proposals and scenario analyses to stakeholders, clearly stating assumptions, sensitivities, and recommended decisions.
2. Produce and maintain rolling forecasts, updating them with actuals and delivering a revised forecast within an operational reporting cycle.
3. Perform variance analysis to identify root causes and quantify corrective actions and savings opportunities.
4. Design and implement simple approval workflows and internal controls to reduce budget leakage and improve compliance.
5. Prepare and present budget proposals and scenario analyses to stakeholders, clearly stating assumptions, sensitivities, and recommended decisions.
Who Should Attend
1. Financial Controller
2. FP&A Analyst
3. Budget Manager / Budget Analyst
4. Department Manager with budget responsibility (Operations, IT, Marketing)
5. Project Manager responsible for capital or operational budgets
Training Method
• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Post-assessment
If Applicable:
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
Program Support
This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.
Course Agenda
Daily Schedule (Monday to Friday)
- 09:00 AM – 10:30 AM Technical Session 1
- 10:30 AM – 12:00 PM Technical Session 2
- 12:00 PM – 01:00 PM Technical Session 3
- 01:00 PM – 02:00 PM Lunch Break (If Applicable)
- Participants are expected to engage in guided self-study, reading, or personal reflection on the day’s content. This contributes toward the CPD accreditation and deepens conceptual understanding.
- 02:00 PM – 04:00 PM Self-Study & Reflection
Please Note:
- All training sessions are conducted from Monday to Friday, following the standard working week observed in the United Kingdom and European Union. Saturday and Sunday are official weekends and are not counted as part of the course duration.
- Coffee and refreshments are available on a floating basis throughout the morning. Participants may help themselves at their convenience to ensure an uninterrupted learning experience Provided if applicable and subject to course delivery arrangements.
- Lunch Provided if applicable and subject to course delivery arrangements.
Week 1
Day 1 – Foundations of Budgeting
1. Budgeting Principles
- Purpose and types of organisational budgets
- Budgeting roles and responsibilities
- Aligning budgets with organisational objectives
2. Budget Planning
- Defining budgeting assumptions
- Identifying cost and revenue drivers
- Gathering financial and operational data
3. Budget Structure
- Building department budgets
- Preparing project budgets
- Documenting budget assumptions
Day 2 – Forecasting and Budget Updates
1. Forecasting Techniques
- Preparing rolling forecasts
- Updating forecasts with actual results
- Identifying forecasting trends
2. Budget Revisions
- Revising budgets based on changing conditions
- Managing forecast assumptions
- Supporting management decision-making
3. Scenario Planning
- Developing best-case and worst-case scenarios
- Assessing financial impacts
- Supporting strategic planning
Day 3 – Variance Analysis
1. Budget Performance Analysis
- Comparing actual and budgeted results
- Identifying favourable and adverse variances
- Measuring budget performance
2. Root Cause Analysis
- Investigating significant variances
- Identifying operational and financial drivers
- Quantifying corrective actions
3. Budget Improvement
- Recommending cost-saving opportunities
- Improving forecasting accuracy
- Strengthening budget discipline
Day 4 – Budget Controls and Governance
1. Internal Budget Controls
- Designing approval workflows
- Managing spending authorisation
- Preventing budget leakage
2. Budget Monitoring
- Tracking budget utilisation
- Managing budget exceptions
- Supporting financial compliance
3. Budget Reporting
- Preparing budget reports
- Presenting financial performance
- Communicating budget recommendations
Day 5 – Practical Budgeting Workshop
1. Budget Development Exercise
- Preparing a department or project budget
- Documenting financial assumptions
- Reviewing budget accuracy
2. Forecasting and Analysis Simulation
- Updating rolling forecasts
- Performing variance analysis
- Presenting budget recommendations
3. Budget Improvement Planning
- Reviewing budgeting performance
- Identifying process improvements
- Course review, feedback and implementation planning
