Building Company Budget: A Comprehensive Guide For Financial

Company Budget Creation: A Step-by-Step Guide

What you'll learn

Create a Profit and Loss Statement Budget

Develop Cash Flow Statements planning (Direct & Indirect Methods)

Create Balance sheet planning

Create various Types of Budgets including salaries, headcount, depreciation.

Plan for both operational and strategic CapEx.

Requirements

Basic knowledge of Microsoft Excel

Description

This course is designed to equip financial professionals with the essential skills and knowledge needed to excel in budgeting and forecasting. Through step-by-step guidance, practical examples, interactive exercises, and real-world case studies, you will learn to create accurate budgets and forecasts that drive strategic decision-making and business growth.In this course, you will gain hands-on experience in developing budgets for key financial statements, including the income statement, cash flow statement (both direct and indirect methods), and balance sheet. Additionally, you'll explore best practices for budgeting fixed assets, allowing for more efficient capital allocation and financial planning.Whether you're new to budgeting or looking to refine your skills, this course will provide the comprehensive knowledge and tools necessary to implement advanced budgeting techniques in a real-world setting. By the end, you'll be equipped to complete a comprehensive budgeting and forecasting project and have the opportunity to earn a professional certification.Course Highlights:Step-by-Step Learning: Gain practical skills through a structured, step-by-step approach to budgeting, from creating income statements to balance sheets.Comprehensive Focus: Learn how to develop budgets for key financial reports, including the income statement, cash flow statement (direct and indirect methods), and balance sheet.Fixed Asset Budgeting: Master the art of budgeting for fixed assets and capital expenditures, ensuring effective long-term financial planning.Advanced Techniques: Dive deep into advanced budgeting and forecasting strategies, ensuring accuracy and alignment with organizational goals.Real-World Projects: Apply your learning through comprehensive case studies and a final project that consolidates your budgeting and forecasting expertise.By the end of this course, you will have the tools to confidently develop and manage budgets for all major financial statements, driving business success through effective financial planning.

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Budget definition

Lecture 3 Types of Budgeting: Participative and Bottom-Up Approaches

Lecture 4 Planning Types Based on Financial Statements

Lecture 5 Profit and Loss (P&L) Budget

Lecture 6 Balance Sheet Budget

Lecture 7 Example of Balance Sheet Budget

Lecture 8 Cash Flow Budget direct method

Lecture 9 tatement of cash flows indirect method

Lecture 10 Cost Centers Budget

Lecture 11 Profit Centers Budget

Lecture 12 Salaries and Headcount Budget

Lecture 13 Project Budget

Lecture 14 Capital Expenditure (CapEx) Budget

Lecture 15 Marketing Budget

Lecture 16 Roles and Responsibilities in Budgeting

Section 2: Budget process

Lecture 17 Budget process overview

Lecture 18 Preparing for budget folders

Lecture 19 Step1 : Variables sheets

Lecture 20 Step 1 : Inputs sheets

Lecture 21 Step 1 : Calculation sheets

Lecture 22 Step 1 : Outputs sheets

Lecture 23 Step 2 : Understanding Strategic Goals

Lecture 24 Step 3 : Gathering Data

Lecture 25 Step 4 : Building the budget

Lecture 26 Step 5 : budget Review and Approval

Lecture 27 12 step 5 : example of comprehensive budget

Lecture 28 Step 6 : Budget Communication & Submission

Section 3: Case study: SportMax Online company

Lecture 29 Company Overview

Lecture 30 Organizing the Budget Process with an Effective Folder Structure

Section 4: Case study : step 1 : Budget preparation

Lecture 31 Creating a Budget Timeline in Excel

Lecture 32 reating a Budget Flowchart Using a Gantt Chart

Lecture 33 Creating a RACI Chart for Roles and Responsibilities

Lecture 34 Creating a RACI Chart for input sheets

Lecture 35 Create Master Budget Template in worksheet overview

Lecture 36 Crerating Master Budget Template: Variables sheets

Lecture 37 Crerating Master Budget Template: Sales input sheet

Lecture 38 Crerating Master Budget Template: create Cash in input sheet

Lecture 39 Crerating Master Budget Template: create marketing input sheet

Lecture 40 Crerating Master Budget Template: create saleries input sheet

Lecture 41 Crerating Master Budget Template: create fixed assets input sheet

Lecture 42 Crerating Master Budget Template: existing fixed assets depreciation input

Lecture 43 Crerating Master Budget Template: create costs centers input sheets

Lecture 44 Crerating Master Budget Template: Current year payment planning input

Lecture 45 Master budget : create profit center calculation sheet

Lecture 46 Master budget : calculation sheet_salaries calculation sheet

Lecture 47 Master budget : Depreciation Calculation Sheet

Lecture 48 Master buget : Total costs center calculation sheet

Lecture 49 Master budget : Fixed Asset Summary calculation Sheet

Lecture 50 Master budget : Total company calculation sheet

Lecture 51 Master budget : Inventory planning calculation sheet

Lecture 52 Master budget : Cash flow planning calculation sheet_introduction

Lecture 53 Master budget: cash flow planning _inventory planning, direct purchase

Lecture 54 Master budget: Cash flow planning calculation sheet _salary and wages

Lecture 55 Master budget: Cash flow planning calculation sheet _operation expense

Lecture 56 MAster budget: Cash flow planning calculation sheet _cash from investment

Lecture 57 MAster budget: Cash flow planning calculation _cash from finances and closing

Lecture 58 VAT planning calculation sheet

Lecture 59 Master budget: Balance sheet planning Assets

Lecture 60 Master budget: Balance sheet planning Liabilities

Lecture 61 Master budget: Balance sheet planning_ Equity

Lecture 62 Master budget:create income statement planning output sheet

Lecture 63 Master budget: Create revenue breakdown spreading

Lecture 64 Master budget: Operations expenses output sheet

Lecture 65 Master budget: Fixed assets summary output sheet

Lecture 66 Master budget: statement of cash flows for the direct method

Lecture 67 Master budget: Cash flows for the Indirect method output sheet

Lecture 68 Master budget: crerate a budget dashboard sheet

Lecture 69 Input templates: costs centers imputs templates

Lecture 70 Input templates: Finance departement imputs template

Lecture 71 budget templates finaly completed

Section 5: Case study: Step 2: Understanding Strategic Goals

Lecture 72 Understanding Strategic Goals introduction

Lecture 73 Understanding Strategic Goals Executive summary

Lecture 74 Understanding Strategic Goals alignment meeting outcome

Lecture 75 Understanding Strategic Goals Financial review

Lecture 76 Understanding Strategic Goals budget allocation

Section 6: Case study step 3 : Gathering Data

Lecture 77 Gathering Data overview

Lecture 78 Orientation and Kickoff Meeting, budget guideline summary

Lecture 79 Guideline budget: Budgeting procerss

Lecture 80 Guideline budget: template filing instructions

Lecture 81 Department submission

Section 7: Case study : Step 4 : Building the budget

Lecture 82 Building the budget overview

Lecture 83 Operating Budget (Income Statement) Sales forecast

Lecture 84 Operating Budget (Income Statement) Costs of sales and gross profit

Lecture 85 Operating Budget (Income Statement) integrating cost centers

Lecture 86 Operating Budget: salaries forecast

Lecture 87 Operating Budget: Headcount projection

Lecture 88 Operating Budget : Marketing budget

Lecture 89 Operating Budget : Depreciation for the exisiting fixed assets

Lecture 90 Operation income budget: integrating the fixed assets department requests

Lecture 91 Operation budget: fixed assets Budget check

Lecture 92 Operation budget : Calculate depreciation

Lecture 93 Operation budget : Calculate corporate Tax

Lecture 94 Operation budget : completion and final check

Lecture 95 Cash flow statement _cy balance sheet payment planning

Lecture 96 Cash flow statement _cash from sales

Lecture 97 Cash flow statement _integrate Current year cash flow

Lecture 98 Cash flow statement _check the cash flow statement

Lecture 99 Cash flow statement _ statement for indirect method

Lecture 100 Cash flow statement _ analysis of statement for indirect method

Lecture 101 Balance sheet planning

Lecture 102 Check the final out document dashboard

Section 8: Step 5 : Budget review and approval

Lecture 103 Budget presentation preparation part 1

Lecture 104 Budget presentation preparation part 2

Lecture 105 Budget review and note approval

Section 9: Step 6 : Budget Communication & Submission

Lecture 106 Budget Communication within the organisation

Lecture 107 Budget system Submission

Section 10: Conclusion

Lecture 108 Conclusion and Next Steps for Budgeting and Financial Analysis

Financial Analysts: Professionals who analyze financial data and prepare reports to guide business decisions.,Budget Analysts: Individuals focused on developing, analyzing, and managing budgets within organizations.,CFOs and Financial Managers: Senior executives and managers responsible for overseeing financial operations, planning, and strategy.,Controllers: Professionals tasked with financial reporting, maintaining accounting records, and ensuring compliance with regulations.