Business Budgeting & Reporting Online Workshop

Learn how to create Budgets & Forecasts  and use them effectively in  your business.

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Budgeting is a must-have skills for all professionals regardless of their function or managerial level. Creating, monitoring, and managing a budget helps you allocate resources where needed, making your business profitable and more successful.  

This course will enable participants to understand and apply budgetary planning and cost control. These will support the effective management of organizations via preparing realistic budgets aligned to organizational goals and managing performance against budget.


Who Should Attend: 

  • Non-financial managers and professionals who wish to improve their planning, budgeting, and forecasting skills

  • Business owners, managers, senior managers, and middle-level executives in non-financial positions need to improve their budgeting & forecasting skills to make critical business decisions involving cost savings, budgets, new projects, growth strategies, etc.

  • Finance managers and professionals who wish to increase or refresh their knowledge in budgeting & forecasting areas.

  • Professionals who are new to budgeting, forecasting, planning

Quick Overview: 

  • Online Interactive Live Sessions Using Zoom

  • Duration: 15 Hours 

  • Number of Sessions: 3 Weeks, 5 Sessions (3 Hours per Each)

  • Two Days per week from 7 PM till 10 PM (Cairo Time).

  • Practical Case Studies

  • Start Date:  Sunday 9 May 2023

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Learning Objectives

Upon completion of this workshop, participants will be able to:

  • Understand the basic principles of budget preparation and control and their importance in planning and monitoring

  • Link the organization, departmental, or team budget with the organization's strategic plan.

  • Be able to prepare various types of budgets and implement budgetary controls by reviewing, reacting, and revising the budget

  • Understand the importance of coordination in the budget process

  • Appreciate why budgets fail, and learn the best practices in budgeting

  • Understand and use several forecasting techniques

  • Use budgets to monitor and control the costs

  • Be able to communicate with management and the finance function more effectively and confidently

Outline

Module 1: Fundamentals

  • Intro to Financial, Cost & Managerial Accounting

  • Importance of Budget and its link to Strategic Management Process

  • Effective Target Setting

  • Budgeting: The Basis for Planning and Control

  • Advantages & Disadvantages of Budgeting


Module 2: Budgeting

  • Budgeting Process

  • Types of Budgeting

  • The Master Budgeting (Operating & Financial)

  • Budget Period

  • Budget Implementation

  • Activity-Based Budgeting (ABB)

  • Standard Costing

  • Zero-Base Budgeting


Module 3: Budgetary Control

  • Financial Control Techniques

  • Budgetary Control Process

  • Non financial Measures in Budgeting

  • Static vs. Flexible Budgeting

  • Variance Analysis

  • Flexible Budgeting and Activity-Based Costing 


Module 4: The Basics of Capital Budgeting

  • What is Capital Budgeting?

  • Classification of Investment Projects

  • Steps in Capital Budgeting

  • Methods (NPV, IRR, MIRR, Profitability Index, Payback, discounted payback)

  • Types and Interaction with Risk

  • Measuring Risk

  • Sensitivity analysis

  • Scenario Analysis

  • Break-even analysis


Moudle 5: Forecasting

  • Elements of a Good Forecast

  • Forecasting Process

  • Time-Series Forecasting Techniques

  • Linear and Seasonality

  • Forecast Accuracy and Control

  • Forecast Error Calculation

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