Planning Skills for Financial Budgets to Achieve Goals

Overview:

Introduction:

Budget preparation skills are a comprehensive program that focuses on the basic skills of the budget building in the light of the company's strategic plan to translate the short and long term objectives in a quantitative form that facilitates the measurement of performance

Course Objectives:

At the end of this course the participants will be able to:

• Introduce participants to the importance of planning budgets and their impact on management decisions.
• Provide participants with the skill of preparing planning budgets and how to achieve the desired goals.
• Develop the participants' skills in the practical and actual application of the scientific principles in supervising the implementation of the planning budgets.
• Provide participants with the skill of writing reports on the level of implementation of different budgets.

Targeted Audience:

• Finance and accountants, employees in the banking sector, financial market workers, auditors, and students of administrative, financial, and banking sciences.

Course Outlines:

Unit 1: Planning Budgets:

• The definition.
• Objectives.
• The principles.
• The types.
• The preparation.

Unit 2: Budgets Types:

• Balancing indirect manufacturing costs.
• Balancing administrative and sales expenses.
• Cash balance.
• Cash receipts balance.
• Balance of cash payments.
• Income balance.
• Balancing the financial position.
• Cash flow balancing.
• Short-term and long-term budget.
• The overall budget and the sub-budget.
• Cash balance.
• Overall Budget.
• Sales Balance.
• Production budgets
• Direct raw material balancing.
• Direct Work Budget.

Unit 3: Monitoring the Implementation of The Planning Budget:

• Initial control.
• Reverse control.

Unit 4: Balancing Current and Cash Operations:

• Preparing the budget for the ongoing operations.
• Preparing cash operations budget.

Unit 5: Methods of Valuation of Capital Projects:

• Net present value.
• Profitability rate
• Internal Rate of Return.
• Payback period.
• Accounting revenue