Budgeting & Forecasting

18-19 May, 2026, Concorde Hotel Kuala Lumpur

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Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA.

 

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally managing multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years’ working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period.

 

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and has successfully completed the Custom examination.

 

Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit
Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management,
Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd , Singapore, Lexis Nexis,, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation , Ministry of Development, Brunei , BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd ,Sony Malaysia Sdn Bhd , Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) Sdn Bhd; Dialog Group Bhd; SEDCO, KK ; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd


He is currently providing management consultancy and training specializing in GST, Forecasting, Fast closing monthly, leadership, Strategic Planning, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.


WHAT YOUR COLLEAGUES ARE SAYING ABOUT THE COURSE…
Two key points I learnt from Dr Liew are “Impact on P&L, BS, Cash Flow & Equity from your transactions (sales, expenses, assets) & Impact of operating, investing & financing activities on cash flow position “Project/Business Analyst.

 

“Overall good. I now know how to calculate NPV, IRR & Payback period. This helps me to plan well for investment project” AVP- Investment & Business.

 

“Thanks, Dr Steven; very nice, interesting even it is an accounting program” Understand more about accounting view, now know more about finance & budget. Will make it into practice to manage my own financial as well as
Admin & HR Executive.

 

“Overall good. I am a bit slow due to not being particularly good at accounting. I can say it is new to me. Big thank you, Dr Steven. I will discuss with my top management regarding the budget aspects of my role for the next
management meeting. Will implement this budget analysis to control branding & advertisement costs in 6-month times”: Brand Development & Operation Manager, DC Comics Superheroes


Venue Details

Concorde Hotel Kuala Lumpur
2 Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia,

https://kualalumpur.concorde hotelsresorts.com/



Phone : 03 2144 2200

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
PART A – BUDGETING FUNDAMENTALS & PLANNING
• Module 1: Introduction to Budgeting
• Module 2: Sales & Revenue Projection Techniques
• Module 3: Cost Management & Cost Behavior
• Module 4: Capital Expenditure Planning
• Module 5: Cash Flow Statement

PART B – FORECASTING, ANALYSIS & CONTROL
• Module 6: Budget Preparation & Monitoring
• Module 7: Data Analysis
• Module 8: Rolling Forecasting & Business Decision
• Module 9: Strategic Risk Management
• Module 10: Budgeting & Forecasting with Technology Tools

SPECIAL FEATURE: Participants Will Receive a Set of Practical Templates suitable for all sectors.

OBJECTIVES
This financial budgeting course will teach you about the entire budgeting process from start to finish, including how to create a disciplined culture of budgeting in your organization, the various methods for building budgets, techniques to analyze results, and how to increase the chances of organizational performance improvements.
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Developing A Structured Mindset For Budgeting And Forecasting.
  2. Learning How To Prepare Sales, Cost, And Cash Flow Budgets
  3. Applying Scenario And Data Analysis Tools For Smarter Decision-Making.
  4. Formulating Strategic Cost Management Plans To Improve Profitability.
  5. Utilizing Technology, Software And AI Tools For Budgeting And Forecasting Insights.
  6. Increasing Cross-Department Collaboration For Budget Execution And Control

WHO SHOULD ATTEND
All Managers, Accountants, Accounting Managers, Budget Analysts, Systems Analysts, Auditors, and Financial Planners & all those who are serious in understanding Financial Planning, Budgeting, and Forecasting impact on their organizations.
METHODOLOGY
Interactive Lectures, Case Studies & Group Discussion. Real-Current Cases will be analysed and scenario solutions will be discussed within the course.
DAY1
 

PART A: BUDGETING FUNDAMENTALS & PLANNING

9:00

MODULE 1: INTRODUCTION TO BUDGETING

  • Importance of budgeting in fiscal management
  • Types of budgets
  • Accounting vs budget vs forecast
  • Planning a business goal
10.45

MODULE 2: SALES & REVENUE PROJECTION TECHNIQUES

  • Sales projection methodologies
  • Key revenue driver analysis, KPI, OKR
  • Hands-on: Using the SMART framework for sales estimation
12.00

MODULE 3: COST MANAGEMENT & COST BEHAVIOR

  • Identifying fixed and variable costs
  • Margin analysis, break-even analysis, KPI
  • Case Study: Make-or-Buy Decision
1:00 Lunch
2:00

MODULE 4: CAPITAL EXPENDITURE PLANNING

  • Distinguishing Capex and Opex
  • Investment appraisal (NPV, IRR, Payback Period)
  • Sensitivity analysis for investment decisions

3:45

MODULE 5: CASH FLOW STATEMENT

  • Cash Flow: The Lifeblood of Business Operations
  • Understanding the Link Between Profit & Loss, Cash Flow Statement and Balance Sheet
  • Receivable vs collection
  • Cash flow health check, analysis & ratio
5:00 End of Day 1
DAY 2
 

PART B: FORECASTING, ANALYSIS & CONTROL

9:00

MODULE 6: BUDGET PREPARATION & MONITORING

  • Relationship of P&L, Cash Flow, Balance Sheet
  • The budget process and workflow
  • Common budget control issues and solutions
10.45

MODULE 7: DATA ANALYSIS

  • Comparing actual results vs. budget
  • Identifying variance reasons and corrective actions
    Study: Managing operational variance
12.00

MODULE 8: ROLLING FORECASTING & BUSINESS DECISION.

  • Why do forecasts fail?
  • Monthly and quarterly forecast updates
  • Integrating real-time data for forecasting
  • Case study
1:00 Lunch
2:00

MODULE 9: STRATEGIC RISK MANAGEMENT

  • Best-case, worst-case, and base-case modeling
  • Formulating cost reduction strategies
  • Pricing strategies and profitability modeling
  • Cost monitoring & internal control
  • Turn-around strategies
  • Applying Gantt Charts for time and resource planning
3:45

MODULE 10: BUDGETING & FORECASTING WITH TECHNOLOGY TOOLS

  • Using latest technology, software, AI tools Goal Seek & Solver for decision making
  • Setting up data models for budgeting
  • Trend analysis and forecasting visualization
  • Real-time data updates and dynamic reporting
5:00 End of Course