This course is a stand-alone CPA Australia micro-credentialed course focused on budgeting and forecasting in strategic planning. Successfully complete this course and assessment to receive a digital badge that you can share on LinkedIn and other social media platforms.
Description
About CPA Australia Micro-credentials
CPA Australia’s Micro-Credentials are based on technical and non-technical competencies and align to our Accounting and Finance Capability Framework. Our partner, Credly, will provide you with a digital badge on successful completion of the assessment. Your digital badge allows you to demonstrate your capability and achievement, and can be placed on your LinkedIn profile, digital CV or email signature.
About Budgeting and Forecasting for Success in Strategic Planning
Planning, budgeting and forecasting are interrelated and critical to the achievement of an organisation’s strategic goals.
In this course, you will learn about the objectives and benefits of planning as well as contemporary approaches to facilitate collaboration. You’ll explore various budgeting strategies and approaches as well as learn about the concept of beyond budgeting. Forecasting, which provides critical input into budgeting and planning, is explored, covering best practice approaches and the benefits.
This course is highly interactive with activities, videos and simulations to keep you actively engaged.
Key topics
Planning
- Learn about the objectives and benefits of planning and contemporary approaches to facilitate collaboration.
Budgets
- Explore the benefits, limitations and risks associated with budgets, and the different characteristics and types of budgets.
Budgeting process and beyond budgeting
- Learn how to carry out the four key steps in budgeting and explore the concept of ‘beyond budgeting’, as a means beyond traditional budgets.
Forecasting
- Explore the components of a forecast, benefits of forecasting, and how to apply time series forecasting techniques and perform regression analysis.
This course consists of one online course with a PDF learning manual and one online assessment.
The assessment will be subject to security measures such as identification verification and webcam monitoring. Please ensure you read the Assessment and security policy and system requirements prior to making your purchase.
Learning objectives
- Apply planning and budgeting processes aligned to an organisation’s strategy and objectives
- Apply forecasting techniques to make predictions for organisational decision-making