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 Planning skills for financial budgets to achieve goals (F2081) QR Code

Planning skills for financial budgets to achieve goals

Overview:

Budget preparation skills are a comprehensive program that focuses on the basic skills of 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

Overall objective of the training program:

  • 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.
  • Developing 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.

Target Categories:

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

Course content:
Planning budgets:

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

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.

The expected results:

Ability to prepare the budgets mentioned above.

Monitoring the implementation of the planning budget:

  • Initial control.
  • Reverse control.

Balancing current and cash operations:

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

Capital Operations Balancing:

 Methods of valuation of capital projects:

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

Practical cases in the preparation of planning budgets:

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