+389 77 996696
UAE:+971 4 447 5711 E.6625
KSA: +966 11 464 4865 E.6625 [email protected]
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UAE:+971 4 447 5711 E.6635
KSA: +966 11 464 4865 E.6635 [email protected]
This program has been designed to provide the participants with a broad view and understanding of financial budgeting for enterprises. A discussion of financial statements is a must when considering the creation or analysis of financial budgets.
Also, an understanding of how costs behave and how they can be derived and allocated to the various aspects of the business units is also an important part of preparing budgets.
We will be discussing various budgeting methods that have been used and are still in use today in various enterprises. We will also be discussing the methods we can use to assess whether a budget is appropriate and should be approved, and in some cases, whether a project should be undertaken at all.
And finally, no discussion about budgets can be complete without assessing how well a company or sub-unit has actually performed in relation to their budget, and understanding why there are any differences, which there will usually always be.
- Understanding of how to prepare budgets
- Ability to analyse budgets using various methods
- Improved ability to forecast revenues and costs
- Understanding of the key elements of financial statements
- Ability to prepare a complete master budget
WHO SHOULD ATTEND?
- Budgeting and planning personnel
- Capital and resource planning
- Managing Directors
- Finance managers
- Financial Controllers
- Senior and mid-level management
- Department managers
- Data analysts
- Risk controllers
- Board members
CERTIFIED BUDGET ANALYST CERTIFICATION
The International Academy of Business and Financial Management™ is one of the world’s fastest growing professional associations with more than 200,000 members, associates and affiliates in 145 countries. IABFM™ hosts and organizes certification training worldwide and offers exclusive board designations to candidates who meet the highest professional standards and assessment criteria.
The IABFM is credited by the American National Standards Institute (ANSI) the International Standards setting authority.
- Length 4 days
- Level Advanced Training
- Industry Finance & Accounting
- Prerequisites None
- Association IABFM - International Academy of Business and Financial Management
- Language English
- This program is worth 35 NASBA CPE credits
INTRODUCTION TO BUDGETING AND THE FINANCIAL STATEMENTS
SESSION 1: Introduction to budgeting
SESSION 2: Understanding financial statements
FORECASTING REVENUES AND UNDERSTANDING COSTS
SESSION 3: Responsibility centres and forecasting revenues
SESSION 4: How do costs behave?
SESSION 5: Commonly used methods for allocating costs to products, departments or services
DIFFERENT APPROACHES TO PREPARING BUDGETS
SESSION 6: Using discounted cash flows (DCF) for analysis
SESSION 7: Project budgets
SESSION 8: Incremental vs zero-based budgets
SESSION 9: Continuous budgets/rolling forecasts
SESSION 10: Static vs Flexible budgets
PREPARING THE MASTER BUDGET
SESSION 11: Introduction and preparing the operating budget
SESSION 12: Preparing the capital expenditure budget
SESSION 13: Preparing the financial budget
CONTROLLING AND ANALYSING BUDGETS
SESSION 14: The need for budget controls
SESSION 15: Using financial ratios for analysing/approving the budget
SESSION 16: Creating performance reports
SESSION 17: Variance Analysis