Certified Budget Analyst (CBA) Training Course

Why Select this Training Course?

The participants in the Certified Budget Analyst (CBA) Training Course at Rcademy will understand financial budgeting comprehensively. The financial statement must always be discussed when creating or assessing financial budgets. Additionally, it is essential to know how prices operate and how to calculate and assign them to the various components of organizational units when creating budgets. The course will also provide a thorough review of the alternative budgeting methods still used by different organizations. There will also be a demonstration of the many techniques that may be used to determine if the budget is accurate and prepared for approval. In certain circumstances, it decides whether a company can complete the project. Additionally, no budget discussion can be concluded without a review of how well a group or division did about the budget.

What is the role of a budget analyst?

The responsibilities of a budget analyst are to work with the leaders to create program and section budgets, evaluate budget suggestions for accuracy and adherence to the rules and regulations, and arrange periodic financial statements. In addition, budget analysts assess information and then use the information to create spending and arrangement suggestions for the institutions’ managers.

What are the most vital qualities that budget analysts require?

A budget analyst’s vital qualities are communication, analytical, math, writing, and detail-oriented skills.

The budget is a good part of the financial planning activity both in the public and private sectors. In the public sector, funding impacts almost every citizen and makes the basis of the government’s economic policy. It is also a vital document to arrange for future growth expenditure. Therefore, provided the public sector’s payment, all the selected budget evaluations must have the correct abilities to address the forthcoming issues.

Due to the crucial advantage of being an influential budget analyst, the Certified Budget Analyst (CBA) Training Course at Rcademy will allow its learners to acquire the necessary skills and expertise. The participants will be able to comprehend contemporary and cutting-edge budget analysis principles. The attendees will also learn the approaches, concepts, and best practices associated with this field.

Who Should Attend?

The Certified Budget Analyst (CBA) Training Course at Rcademy course is ideal for:

• Data analysts
• Strategists
• Financial controllers
• Resource and capital planning
• Planning and budgeting personnel
• Risk controllers
• Board members
• Internal auditors
• Risk officers
• Departmental managers
• Chief executives
• Revenue department professionals
• Financial managers
• Department leaders
• Senior and mid-level controllers

What are the Course Objectives?

The objectives of the Certified Budget Analyst (CBA) Training Course at Rcademy are to enable professionals to:

• Learn how to prepare budgets with the use of different methods
• Determine how to analyze the differences between the actual and budgetary outcomes
• Learn how to read the budgeted or annual financial statements
• Determine how to assess if the budget can be rejected or approved
• Determine how to assign the prices to the products, departments, or services with the use of different techniques
• Apply the skills and knowledge learned to analyze the budget in other techniques
• Study how to better forecast costs and revenues
• Understand the behavior of prices and what determines them
• Determine the project variation of expenditures
• Learn how to make the company’s budget from the start
• Determine the comparison of the actual outcome with the budgetary figures and do a variance analysis
• Understand the various categories of funding and the application and how to use the most applicable for your company
• Learn the benefits of having a good budget analyst

How will this Course be Presented?

This Rcademy course will use various strategies to deliver the fundamental concepts to the participants. The learning techniques in this Rcademy course include assignments, group discussions, lectures, functional exercises, and case studies. In addition, the instructors will give in-depth instructions to the participants to give them a good understanding of the information in this CBA program in a better way. Finally, the participants will receive soft and hard copy resources they will use in learning through the program and for future reference.

What are the Topics Covered in this Course?

Module 1: Introduction to Financial Statements and Budgeting

• Budgeting techniques
• Budgeting and planning concepts
• Uncertainties, risks, and assumptions
• Sensitivity evaluation

Module 2: Various Methods for Making a Budget

• Planning
• Quarterly reviews
• Fixed/ flexible budgets
• Making a master budget
• Zero-based budgets
• Actual/budget comparison

Module 3: Financial Modelling

• Balance sheet
• Profit and loss statement
• Financial reports components
• Statements of cash flow
• Reports of the transformation in equity
• Accompanying records to the accounts
• Financial reports components

Module 4: Preparation of the Budget

• Accounting principles
• Accounting conventions
• Cash/ accrual accounting
• WorldCom/Enron scandals
• Worldwide accounting standards
• Worldwide public sector accounting standards
• Recognition of revenue

Module 5: Cost Accounting

• Break-even evaluation
• Contribution margin
• Margin principles
• Total absorption pricing
• Sensitivity evaluation

Module 6: Analyzing and Controlling Budgets

• Ratio analysis
• Market analysis and trends
• Variance analysis
• Quantity variance
• Horizontal balance sheet and statements
• Vertical balance sheet and statements
• Mix variance
• Price variance

Module 7: Sources in the Finance

• Cost of capital
• Gearing ratios
• Debt and equity financing
• Decisions concerning dividend payments
• The weighted average price of capital

Module 8: Public Sector Growth

• Return on investment
• Capital investment evaluation
• Current net value
• Public/ private corporation projects
• Payback period

Module 9: Operating with Capital Control

• Accounts receivable
• Inventory control
• Reconciliation of sub-ledgers
• Deferred taxation and tax
• Reconciliation of sub-ledgers
• Other recent assets and current liabilities

Module 10: Enterprise Resource Planning (ERP)

• Procurement
• Bill of material
• Sales
• Production
• General ledger integration
• Material Control