Budgeting

DURATION:
16 hours
ID:
FB004

Location

UAE, Jordan Online Training

Categories

Finance & Banking

Course objectives

By the time you have completed this course, you will be able to:

  • Define the budgeting process & importance
  • Identify types of budgets & their preparations
  • Enhance the skills in applying statistical modules for forecasting
  • Identify the important of project evaluation & capital budgeting
  • Develop the capabilities in control & performance evaluation by budgeting

Course outline

  • Definition of Budgets & Importance
  • Budget Functions
  • Budgets & Management Process
  • Budget Pillars of Success
  • Budge Preparation & Execution Procedures
  • Types of Budgets
  • Case Studies
  • Budget Preparation
  • Sales & Financial Needs Forecasting
  • Sales, Production & Purchased Budgets
  • Wages & Expenditure Budgets
  • Forecasted Income Statement & Balance Sheet
  • Case Studies
  • Cash Budget
  • Capital Budget
  • Capital Budgets and Decision Making
  • Importance of Capital Expenditures
  • Evaluation of Capital Investment Projects
  • Case studies
  • Application of Statistical Models in Forecasting
  • Time Series
  • Moving Average & Means
  • Correlation & Regression
  • Case Studies
  • Budgetary Evaluation & Control
  • Components of the Control System & Success Factors
  • Budgetary Control
  • Control by Periodical performance Report
  • Realizing Control Goals by Budgets Success Control
  • Requirements by Budgets
  • Case Studies

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