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

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

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