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Overview
What you will learn
This Budgets and Forecasts Course for Organisations course offered by University of Sydney course will include:
- how organisations use budgets and the framework of an organisation-wide budget as a strategic planning tool
- structure of a master budget; breaking it down to sales, operations, overheads budgets and the alignment to profit and loss and cash flow
- highlighting the data sources and functionality of Excel as a budgeting tool
- project budgets, financial evaluation methods of projects.
By the end of this course, you should be able to:
- generate forecasts using a range of techniques, and incorporating these into building a budget
- prepare both a project-based and organisational-wide budget
- monitor and manage a budget by correcting for variances
- financially evaluate the payback on a capital investment using Net Present Value and Internal Rate of Return
- communicate effectively financial support staff through use of appropriate forecasting and budgeting terminology and concepts.
Programme Structure
The program focuses on:
- Budgeting and forecast theory, terminology and process
- Profit and Loss (P&L), balance sheet and cash flow budget
- Data sources and forecasting concepts, including history, market conditions and Delphi method
- Factors impacting on a budget – market conditions, internal forces, cyclical and seasonal trends
- Framework for an organisation-wide budget
- Setting an organisational-wide budget
- Measuring budget effectiveness – variance analysis
- Financial evaluation of project (Payback, basic Net Present Value and Internal Rate of Return)
Key information
Duration
- Full-time
- 8 days
- Part-time
- 8 days
Start dates & application deadlines
- StartingApply anytime.
- StartingApply anytime.
Language
English
Delivered
On Campus, Online
Disciplines
Financial Management View 6 other Short Courses in Financial Management in AustraliaAcademic requirements
We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.
English requirements
We are not aware of any English requirements for this programme.
Student insurance
Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:
- Additional medical costs (i.e. dental)
- Repatriation, if something happens to you or your family
- Liability
- Home contents and baggage
- Accidents
- Legal aid
We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.
Get your student insurance nowStarting from €0.53/day, free cancellation any time.
Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at University of Sydney and/or in Australia, please visit Student Insurance Portal.
Other requirements
General requirements
- CRICOS Number: 0026A
- Suitable for anyone needing to set and manage a budget for an operational unit. This could be for a profit centre, cost centre, or in setting an expense budget.
Tuition Fee
To always see correct tuition fees
-
International
700 AUD/fullTuition FeeBased on the tuition of 700 AUD for the full programme during 8 days. -
National
700 AUD/fullTuition FeeBased on the tuition of 700 AUD for the full programme during 8 days.
- Face-to-face: $700.00
- Online: $650.00
Living costs for Sydney
1882 - 3547 AUD /month
Living costs
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Funding
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