- Payment Terms: Enquire
- Locations: Business Bay - Dubai England - United Kingdom Istanbul, Turkey Kuala Lumpur, Malaysia
- Duration / Course length: 5 Days
- Starting Date: Enquire About It
- Timings: Enquire
Course details
Objective- Acquire best practices in budgeting
- Understand the strategic role of cost concepts
- Explain the costs concepts to the use of cost information for management control
- Describe the role of budgets in the management process
- Discuss the importance of strategy and its role in the master budget
- Prepare a master budget and explain the inter-relationships among its supporting schedule
- Understand zero-base, activity-based, and kaizen approaches to budgeting
- Explain the essence of control systems
- Develop flexible budgets for evaluating short-term financial performance
- Identify different cost control measures
- Measure and evaluate performance
- Project management methods
- Budgeting Overview
- The budgeting process
- How and whom to engage
- Budgetary statements
- Budgeting Methods
- Top-down & bottom-up budgeting
- Zero-based versus activity based budgeting
- Types of Budgets
- Departmental budgets
- Cash budgets
- Capital and operating budgets
- Master budgets
- Types of Costs
- Fixed & variable costs
- Controllable & uncontrollable costs
- Budgeting and Forecasting
- Creating forecast for revenue and expenditure
- Rolling forecast as a catalyst for change
- Variance reporting template
- Reporting template
- Financial and non-financial key performance indicators (KPIs)
- Annual Budget and Forecasting Cycle
- Budget and forecasting timetable
- The different types of reports and their use
- Risk Management
- Risk management in corporate governance
- Finance' role in supporting risk management
- Cost Control and how to reduce costs
- Cost management and motivation
- Embedding cost control in the business
Eligibility / Requirements
There are no eligibility requirements to attend this course.
Job roles this course is suitable for:
Business Finance Manager , Marketing Manager , general manager , business ownerCourse Location
About Convertas
CONVERTAS is a reliable advisory firm, helping organizations develop their activities to align with their objectives adopting the best practices.
Our trainings and workshops cover all areas of business including Management,Soft Skills and Human Resourses Management, Marketing and Sales, Accounting and Finance, Procurement and Logistics, targeting organizations, managers and employees. Whether in-house or public, trainings are organized with the highest qualified trainers.
Our methodology relies more on the use of audio-visual impact which is more effective than the lecture style. Presentations, videos and simulations methods have proven to be very effective for people to remember.
Moreover, doing and teaching are the best vehicles for learning and remembering. This includes involving the trainee in the teaching process by interacting, through completing worksheets and inciting to explain and present what is acquired.
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