Advanced Budgeting Workshop

Date: 8 June (Monday) – 10 June 2026 (Wednesday)
Time: 8:30am – 3:30pm

AIMS

To equip participants with advanced budgeting techniques, including variance analysis, pricing strategies, and profit reconciliation. Participants will learn fixed and flexible budgets, evaluate performance through variance calculations, and implement strategic pricing and forecasting methods to support data-driven decision-making.

A 3 Days Workshop Outline

DAY ONE
– Fixed & flexible budget
– Calculating variances
– Types of budgeting
– Continuous or rolling budgets (overview concept)
– Incremental budgeting and zero-based budgeting (overview concept)
– Time series in forecasting
– Analysis trend and seasonal variation

DAY TWO
– Applying profit markup or margin in setting selling price
– Common types of pricing strategies
– Cost plus pricing
– Types of variances
– Variance calculation for performance measure
– Material cost variance
– Labour cost variance

DAY THREE
– Variable overhead variance
– Fixed overhead variance
– Sales variances
– Reconciliation of budgeting profit to actual profit

Who Should attend

– Participants from Intermediate Budgeting Workshop

BND420/Pax