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Master Budget Analysis Through Real Practice
We've built this programme around one simple idea: understanding budget deviations matters more when you work through actual scenarios. Starting October 2025, we're running cohorts that focus on practical analysis rather than theory alone. Most participants find they can apply these methods within weeks of starting.
What You'll Actually Learn
Six modules that build on each other. Each one tackles a different aspect of budget analysis, and you'll work through examples from manufacturing, retail, and services sectors as you progress.
Module One
Foundations of Variance Analysis
We start with the basics because even experienced finance folks sometimes skip crucial steps. You'll learn how to spot meaningful patterns in budget differences.
- Reading financial statements with a critical eye
- Identifying material vs. immaterial variances
- Building your first analysis framework
Module Two
Revenue Deviation Deep Dive
Revenue variances often hide the most interesting stories. This module shows you how to unpack them properly and present findings that make sense.
- Price vs volume analysis techniques
- Seasonal adjustment methods
- Market condition impact assessment
Module Three
Cost Variance Investigation
Cost overruns need different treatment than revenue shortfalls. You'll practice dissecting cost structures and finding root causes that actually matter.
- Fixed vs variable cost behaviour patterns
- Efficiency variance calculations
- Supply chain disruption analysis
Module Four
Forecasting and Reforecasting
Once you understand what went wrong, you need to project forward. This section covers practical forecasting that accounts for recent trends without overreacting.
- Rolling forecast methodology
- Scenario planning frameworks
- Confidence interval application
Darek Falsworth
Lead Programme Instructor
Darek spent fifteen years working through budget cycles at manufacturing firms across the Midlands. He's seen what happens when variance analysis gets ignored and when it gets done properly.
His approach focuses on practical application rather than academic theory. Most sessions involve working through actual financial statements and discussing what the numbers might indicate about underlying business problems.
- Previously Finance Controller at three UK manufacturers
- Chartered Management Accountant since 2013
- Regular contributor to Financial Management Magazine
Programme Structure
The full programme runs across sixteen weeks, with time built in for you to practice between sessions. We've found this rhythm works better than cramming everything into intensive weeks.
Weeks 1-4 Foundation
Core Concepts and Initial Practice
You'll cover fundamental variance types and start working through smaller case examples. Most people need this time to get comfortable with the methodology before tackling complex scenarios.
Weeks 5-10 Application
Industry-Specific Analysis
This middle section digs into sector differences. Manufacturing budgets behave differently from retail or service businesses, and you'll practice with examples from each area.
Weeks 11-16 Integration
Comprehensive Projects
The final phase involves working through multi-period analyses where you'll identify trends, prepare forecasts, and present recommendations. You'll also review work from other participants and discuss different analytical approaches.
Upcoming Cohorts
We run this programme twice yearly with small cohorts. The autumn 2025 intake opens for registration in July, with sessions beginning in October.
- Weekly live sessions with case study work between meetings
- Access to previous cohort recordings and materials
- Small group format allowing for detailed discussion
- Programme materials remain accessible after completion
2025-2026 Schedule
October 2025
Registration Opens July 2025
March 2026
Registration Opens December 2025