The PGDM Finance Management course focuses on planning, designing, directing and managing the economic activities such as the utilization of capital and acquisition of the firm.

1. MIT School of Distance
Education
Financial Budgeting

2. ▪ Financial budgeting is the strategic planning and
management process through which a company
outlines its anticipated income and expenses for
a specific timeframe. It involves creating a
detailed financial plan that guides the allocation
of resources, such as funds and cash flows, to
meet the organization's goals and objectives.
▪ Financial budgeting serves as a comprehensive
snapshot of an organization's financial standing,
objectives, and cash flow. By consistently
engaging in operational and financial budgeting,
a company establishes a benchmark for
assessing how its real-world outcomes deviate
from anticipated performance.
Introduction to Financial Budgeting

3. The financial budgeting process for an annual budget typically spans three to six months and
involves various confidential components. These steps encompass a series of strategic activities
aimed at developing a comprehensive financial plan:
▪ Establish and communicate management targets and goals
▪ Develop the detailed, final budget to directly support those targets and goals, and attach
financial documents such as the balance sheet, income statement, and cash flow statement
▪ Finalize employee compensation plans (usually this is part of the process)
▪ Compile and adjust budget model and measurement metrics so management can assess
progress
▪ Review and make final changes
▪ Approval
▪ Disseminate subordinate and/or line of business budgets across the organization
Process in Financial Budgeting

4. Gartner 5 step zero-based budgeting cycle
Financial
Transparency
Strategic
Priorities and
KPIs
Align,
evaluate
and optimize
Control and
monitor
Value based
spending

5. ▪ Strategic Planning: Financial budgeting provides a structured framework for organizations to set
and align financial goals with overall business objectives. It helps in outlining a roadmap for
allocating resources and achieving financial targets.
▪ Resource Allocation: Budgets assist in allocating resources efficiently. By identifying financial
needs and priorities, organizations can allocate funds to different departments or projects,
ensuring optimal use of resources.
▪ Performance Evaluation: Comparing actual financial results with budgeted figures allows
organizations to identify variances, analyze the reasons behind them, and take corrective
actions if necessary.
▪ Cash Flow Management: Through budgeting, organizations can anticipate cash inflows and
outflows. This helps in managing cash flow effectively, ensuring that there is enough liquidity to
meet operational needs and cover expenses.
▪ Continuous Improvement: The budgeting process allows organizations to learn from past
performance and continuously improve future financial plans. By analyzing variances and
adapting strategies, companies can enhance their financial management practices over time.
Benefits of Financial Budgeting

6. Finance Management professionals need to learn how to identify Financial Budget in an
Organization.
The PGDM Finance Management course focuses on planning, designing, directing and
managing the economic activities such as the utilization of capital and acquisition of the firm.
With the PGDM Finance Management course, learn skills like mathematical proficiency,
technological skills, ability to work independently, organization, etc.
Why pursue PGDM in Finance Management ?

7. Why MITSDE ?
• Learn the basics of Finance
• Learn the basics of brand valuation, intangible assets value drivers, and
financial impact of functional level strategy
• Learn in-depth about financial modelling
• Learn about various financial markets, mergers and acquisitions and
international finance
• Understand the tools involved in financial analytics

8. 1) Credit Manager
2) Financial Advisor
3) Equity Analyst
4) Tax Consultant
5) Research Analyst
6) Bank Manager
7) Portfolio Manager
8) Finance Manager
Potential Careers Opportunities

9. MIT School of Distance Education is one of the largest distance learning centers in India. We offer various
Post Graduate Diploma and Certificate programs & Online MBA Courses across various industry sectors
that include Operations Management, Project, Information Technology, Banking and Finance, Digital
Marketing, Business Analytics and many more. MITSDE has an online assessment system, flexi-learning
approach, and provides a state-of the-art Learning Management System (LMS) which is in line with its
mission 'flexible learning opportunities anywhere, anytime, and to provide ultimate convenience, ease, and
flexibility to our students’.
About US

10. o Regularly updated syllabus
o Industry-relevant course offerings
o Courses taught by Industry Experts
o Affordable courses
o No cost EMI options
o Self-paced learning
o Live webinars and doubt solving sessions
o Quick and highly-responsive student
support
o Dedicated student support team
Advantage of learning with MITSDE

11. Placement Record at MITSDE
MITSDE has a dedicated Placement Cell providing 100% placement, CV building workshops and Career
Counseling.
Our Student Placement :

12. Placement Record at MITSDE

13. Contact Us
Address:
MIT Alandi Campus, Pune Moshi-Alandi Road,
Alandi-412105,Pune Maharashtra (India)
Phone: 9112-207-207 / 9028-258-800
Email ID: admissions@mitsde.com
Website: www.mitsde.com

14. Thank you