Budgeting Basics HNI Training & Coaching

Who Should Attend:

  • Managers, Supervisors and Team Leaders who analyse, forecast & budget
  • Accountants and professionals responsible for the budgeting process
  • Newly appointed staff keen on learning all about budgeting
Course Objectives:

  • Step by step processes to crafting a budget from the beginning
  • What are the different types of budgeting
  • Understand the basic difference between a budget and a forecast
  • Budgeting Sales and understand how to plan the current years sales
  • Clearly understand the process of budgeting under varying scenarios such as, budgeting for a new business, budgeting for a payroll, cash budgeting, capital budgets, production and raw material budgeting and project management budgeting
  • How does budgeting for fixed expenses vary from budgeting for variable expenses
  • Learn about monthly allocations
 What will you gain?

By the end of this course you will be able to:

  • Understand the nature, purpose, structure and major elements of a financial statement and a budget
  • Use and apply all important and necessary budgeting terms and techniques
  • Compile and interpret budgets, carry out analysis and gain experience on creating your company/departments financial statements
  • Learn that budgeting process is not intuitive and understand the practical aspect of the process
  • Prepare, monitor and control a budget.
Course Content:

Day 1

  • Advantages of budgeting
  • Key differentiating factors - Budget and Forecasting
  • Types of Budgets
  • What is a Master Budget?
  • Sales Budget and its components - Projections, Sales Plans and Life Cycle of a Product
  • New Business Budgets
  • Budgeting templates
  • Fixed and variable expenses
  • Production and raw materials budgets
  • Contingency Budgeting
  • Income and financial statements
Day 2

  • Making budgets - step by step
  • Cash budgets
  • All about studying budgets, types of variances and variance analysis
  • Capital budgets
  • Project Management budgeting
  • IRR, ARR, Payback and Present Values
  • Conclusion. 

Career Path

Study Budgeting Basics to Improve Decision Making – Active Learning through Practical Exercises

HNI Training and Coaching as a Dubai training center, is an innovator and leader in human capital development, providing world-class experiential corporate training solutions and services in English and Arabic to organisations in the MENA region. HNI Training and Coaching is amongst the leading training institutes in Dubai that currently offers training courses in Abu Dhabi, Dubai and Doha in 16 different categories.

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