About this Course
Embark on a journey of financial acumen with our Short Course in Enterprise Budgeting and Forecasting. This course is designed as an introductory level program for school leavers and those new to the field. It provides a practical understanding of budgeting and forecasting principles, equipping students with the necessary tools to make informed financial decisions. While the course is introductory, it does not compromise on the practicality of the content. Students will gain hands-on experience in dealing with real-world financial scenarios, preparing them for further studies or entry-level roles in the field.
Learning Objectives
After successful completion of this course, you should be able to demonstrate the following competencies:
- Demonstrate an understanding of the internal and external business factors in budgeting.
- Understand the concept of scarce resources and limiting factor analysis using linear programming.
- Be able to decide to make or buy a product and discontinue part of a business.
- Understand the concepts of planning, forecasting, and budgeting.
- Be able to prepare basic budgets - functional, cash and master budgets.
- Be able to prepare production budgets and flexing budgets.
- Understand the impact that changes in the economic environment will have on the budget.
- Use budgetary control to ensure organizational targets are met.
- Be able to identify and interpret general performance indicators.
Delivery
SA Accounting Academy delivers this online short learning program course. This course is divided into 12 modules. In this way, you can maintain a work-life balance while studying a just-in-time course to upskill yourself. The required effort is 4 to 8 hours per week.
Is this for you?
The Short Course in Enterprise Budgeting and Forecasting is specifically designed for individuals who are new to the field of budgeting and forecasting. If you're a school leaver, a recent graduate, or someone looking to shift careers into finance, accounting, or business management, this course is for you.
This course is also an excellent starting point for entrepreneurs and business owners who want to gain a foundational understanding of enterprise budgeting and forecasting. It provides the basic knowledge and practical skills necessary to understand financial planning and decision-making processes, which are crucial for driving business growth.
Whether you're aiming to start a new career, considering further studies in finance, or striving to make more informed business decisions, the Short Course in Enterprise Budgeting and Forecasting offers the comprehensive knowledge and practical skills you need to succeed.
By the end of this course, you'll be equipped with the fundamental principles of budgeting and forecasting, preparing you for further studies or entry-level roles in the field.
Lecturer
Nadia Lourens
Nadia is a highly accomplished professional with a B.Acc Hons (CTA) degree, and completed her undergraduate degree in 2 years. Along with her academic standing, she also has 9 years of teaching and learning experience, and is currently in her final year of SAICA articles. Nadia brings a wealth of knowledge to the field of financial education. Despite perceived gaps in experience and credentials compared to other lecturers, her unwavering passion for these subjects, coupled with her dedication to education, sets her apart. Nadia is committed to fostering an enriching learning environment, bridging theory with practical application, and empowering students. Join Nadia on a transformative educational journey, leveraging her deep understanding of accounting principles and expertise in budgeting and forecasting for unparalleled professional growth and success.
Prerequisites / Admission Requirements
As this course is designed for school leavers and matriculants, you should have completed your high school education or equivalent. A basic understanding of mathematics and English is required.
Accreditation
This course is aligned to the International Federation of Accountants (IFAC) International Education Standard (IES) 7 and is recognised for CPD / CPE by relevant accounting professional bodies which will give you 10 CPD / CPE hours.
Assessments
This course includes two formative assessments and one summative assessment to test your knowledge throughout the course. Learners must achieve all competencies of the course.
Assessment and Certification
On successful completion (i.e., competence in all modules) of this course the learners will be awarded:
- Confirmation of Completion Certificate from SA Accounting Academy
Curriculum
Modules:
- Module 1: Cost behaviour
- Module 2: Variable and absorption costing
- Module 3: Cost allocation
- Module 4: Budgetary Control
- Module 5: Relevant costing
- Module 6: Cost estimation and forecasting
- Module 7: Preparing budgets & Budgeting software
- Module 8: Basic standard costing
- Module 9: Target costing and life cycle costing
- Module 10: Limiting factor analysis
- Module 11: Cost-volume-profit analysis
- Module 12: Sensitivity analysis
For more information on what will be covered in the curriculum please download the prospectus.
About SA Accounting Academy
The SA Accounting Academy is an accredited private SAICA - AT(SA) and ICB qualifications provider. We are committed to providing our students with the highest quality training and support, to ensure that your skills and knowledge are up to date and ready to face the challenges of the modern workplace. Qualifications and courses delivered are designed to ensure that you reach your professional goals and advance your career. With our experienced faculty, staff, and resources, you can be confident that you will receive the highest quality of training.
SAAA is a Level 2 B-BBEE contributor, with 125% procurement recognition. Training spend on certain solutions can be allocated against the Skills Development element of the B-BBEE Scorecard through accredited and nonaccredited training or claimed through SETA grants. In addition, 25% of your Skills Expenditure can be claimed on non-accredited training or courses.
Course Fees
The course fee is R 5 375.00 and consists of:
- Study material - Online course material
- Online Facilitator support
- Assessments
Payment Methods
Debit / Credit Card or Instant EFT
You can pay directly on our website for an easy, secure, and instant transaction. During promotional periods, customers can take advantage of additional savings. This is the fastest and most efficient option, saving both time and money.
EFT / Bank Deposit
You can make a payment directly into our bank account using your Online Banking App, Online Banking services, or by visiting your local bank branch.
Your Company / Employer
It may be beneficial for your company to invest in training for its staff members. As there are financial and tax advantages for doing so, please speak with your employer or Training / HR manager about the possibility of paying for this training.
Third Party
If you have someone who is willing to pay for your studies, such as a parent or relative, they can either log in and pay on our website or they can pay via any of the payment options above on your behalf.
Payment Options
Option 1: Once off payment
- R 5 375.00
Contact Us
Online chat through our website https://accountingacademy.co.za
WhatsApp: Start chatting (+27635026114)
Phone: 010 593 0466
E-mail: [email protected]