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Budgets and Financial Reports


Cost: Contact us for quote.   Duration: 1 day


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Creating budgets and analysing financial reports requires a number of key skills including having an understanding of financial terminology, interpreting various financial statements, understanding forecasting techniques using historical data and being comfortable with specific budgeting methods.

The PD Training Budgets and Financial Reports Training Course is designed to provide you with some basic and advanced skills in budgeting and working with financial reports like understanding finance and accounting terms, knowing the common types of financial reports used by most businesses, when and how to apply commonly used ratios, common types of budgets, communicating outcomes to others and much more.

This Budgets and Financial Reports training course is available now throughout Australia, including Brisbane, Sydney, Parramatta, Melbourne, Adelaide, Canberra and Perth.

Please click on the Public Class tab below to view our Budgets and Financial Reports Training course schedule by city or click the In-House Training tab to receive a free quote for courses delivered at your preferred location.  

Course Foreword

Financial management is the lifeblood of an organisation. Budgeting and forecasting are essential financial processes used in any business, no matter how large or small. This easy to understand and fun Budgets and Financial Reports Training course aims to demystify some of the financial terms and concepts and will define key terms like ROI, EBIT, GAAP, and extrapolation.


Participants will explore the tools, concepts and techniques used by financial analysts. They will be guided through a practical and best practice approach to understanding budgets and financial reports. The end result will be a solid understanding of key finance and budgeting principles so that the participant can hold tangible discussions with relevant stakeholders, assess and create financial documents and develop reports that allow decision making based on financial data.


Course Outcomes

In this course participants will:

  • Understand financial terminology and concepts clearly
  • Gain skills to analyse financial statements
  • Understand the differences between budgets & budgeting
  • Be able to implement techniques for effective budgeting
  • Be able to apply advanced forecasting techniques
  • Discover how to make smart purchasing decisions
  • Interpret some of the legal aspects of finances

Course Outline

Budgeting & Financial Reports Training Course - Lesson 1
Getting Started
  • Workshop Objectives
Budgeting & Financial Reports Training Course - Lesson 2
Glossary
  • What is Finance?
  • Commonly Used Terms
  • Key Players
  • Important Financial Organisations
  • Understanding GAAP
Budgeting & Financial Reports Training Course - Lesson 3
Understanding Financial Statements
  • Balance Sheets
  • Income Statements (AKA Profit & Loss Statements)
  • Statement of Retained Earnings
  • Statement of Cash Flows
  • Annual Reports
Budgeting & Financial Reports Training Course - Lesson 4
Analysing Financial Statements (I)
  • Income Ratios
  • Profitability Ratios
  • Liquidity Ratios
  • Working Capital Ratios
  • Bankruptcy Ratios
Budgeting & Financial Reports Training Course - Lesson 5
Analysing Financial Statements (II)
  • Long-Term Analysis Ratios
  • Coverage Ratios
  • Leverage Ratios
  • Calculating Return on Investment (ROI)
Budgeting & Financial Reports Training Course - Lesson 6
Understanding Budgets 
  • Common Types of Budgets
  • What Information do I Need?
  • Who Should Be Involved?
  • What Should a Budget Look Like?
Budgeting & Financial Reports Training Course - Lesson 7
Budgeting Made Easy
  • Factoring in Historical Data
  • Gathering Related Information
  • Adjusting for Special Circumstances
  • Putting It All Together
  • Computer Based Methods
Budgeting & Financial Reports Training Course - Lesson 8
Advanced Forecasting Techniques
  • Using the Average
  • Regression Analysis
  • Extrapolation
  • Formal Financial Models

Budgeting & Financial Reports Training Course - Lesson 9
Managing the Budget

  • How to Tell If You’re on Track
  • Should Your Budget be Updated
  • Keeping a Diary of Lessons Learned
  • When to Panic
Budgeting & Financial Reports Training Course - Lesson 10
Making Smart Purchasing Decisions
  • 10 Questions You Must Ask
  • Determining the Payback Period
  • Deciding Whether to Lease or Buy
  • Thinking Outside the Box

Budgeting & Financial Reports Training Course – Lesson 11
A Glimpse into the Legal World

  • A Brief History
  • The Sarbanes-Oxley Act
  • CEO/CFO Certification
  • 8th Company Law Directive
Budgeting & Financial Reports Training Course - Lesson 12
Wrapping Up
  • Words from the Wise