Budgeting, Forecasting & Control Dubai

Course details

OVERVIEW: Budgeting and Forecasting are key components for planning future actions in the organizations. The Budgeting, Forecasting & Control training in Dubai equips professionals with an in-depth knowledge of budgeting, its types, how to plan and execute a budget and monitor it. During this Budgeting and Forecasting training course, professionals are taught methods for forecasting and budgeting as well as how to design dynamic budget models. Additionally, this Budgeting and Forecasting course also introduces professionals to the process of designing capital budgeting viability models.

CAREER OPPORTUNITIES:

Market Trends: Budgeting and forecasting help organizations with the decision-making process, contributing to the rising demand for budgeting professionals in the job market. According to the Bureau of Labor Statistics, the employment of budget analysts is predicted to grow by 5% between 2020 to 2030. In a report by Modern Finance Forum, 38% of organizations reported higher revenue after implementing budgeting, forecasting, and control processes. Based on this data, it is clear that budgeting and forecasting professionals have promising career opportunities.

Salary Trends: As the demand for professionals with expertise in budgeting and planning rises, their salaries increase as well. Companies and recruiters are willing to offer competitive salaries to Certified Budgeting and Forecasting professionals. In the UAE, the average salary of a Budget Analyst ranges from AED 11,900 to AED 36,100 per month depending on experience and industry.

Demand and Opportunities: Globally, the demand for Certified Budgeting and Forecasting professionals have skyrocketed due to the role played by them in the planning process. According to the Bureau of Labor Statistics, there will be approximately 52,500 budget analyst jobs available from 2020 to 2030. Budgeting and Forecasting market forecasts indicate that the market is expected to witness significant growth between 2021 to 2026. Hence, the demand for budgeting and forecasting experts would increase significantly.

COURSE OUTLINE:

• The Budgeting Process
• Budgeting in a Business
• The role of Budget in Corporate Governance
• Sources of Information
• Planning and Building the Budget
• Where to start?
• Key Accounting Concepts
• Forecasting Revenue
• Types of Costs
• Overview of the Budgeting Process and Model Considerations
• Types of Budget Models
• Short-term & Long-term Models
• Upstream vs Downstream Models
• Model Design & Planning
• Best practice Design guidelines
• Budgeting vs Forecasting
• Planning the Model
• Bottom-up Budget Models
• Model Development Framework
• Zero-based Budgeting & Cost Drivers
• Rolling (dynamic) Budgets
• Building flexibility into Time Series Analysis
• Capital Budgeting
• Cash Budgeting
• Determination of Model and Forecast Scope and Time Horizons
• Control
• Using Cost Information for Management Control
• Optimize Planning of Resources to achieve Budgeted Targets
• Measure and Evaluate Performance against Forecasts
• Recent Developments in the Budgeting and Planning Process (balanced scorecard, value chain analysis, and others)

KEY TAKEAWAYS:

Upon completion of our Budgeting and Forecasting training program, the candidate will be able to:

• Learn the fundamentals of strategic planning and budgeting
• Utilize case studies to demonstrate each of the four management functions
• Determine the pros and cons of different budget styles, techniques, and methods
• Prepare a budget for future expenses and revenues by learning
• Develop in-depth knowledge of capital budgeting techniques and tools
• Utilize different cost mechanisms and optimization procedures
• Differentiate between the various cost elements and their effects on budgeting

ACCREDITATION:

Our course is accredited by ISO 9001: 2015 and the Knowledge and Human Development Authority (KHDA).

ALUMNI: Our academy graduates of Budgeting and Forecasting courses are successfully placed in some of the top-notch companies in Dubai like Jumeirah, Aramex, Airarabia, Damac, Emaar, etc. They are entrepreneurs, career changers, and lifelong learners.

WHY LEARNER’S POINT:

Being the leading provider of the Budgeting, Forecasting & Control training course, we have substantial experience in teaching relevant skills and knowledge.
Our Budgeting, Forecasting & Control training offers the following advantages:

• Our Budgeting and Forecasting course is designed based on real-world scenarios, formulating and evaluating practical requirements
• Our Budgeting and Forecasting courses strive to provide a reality check and insight into the requirements of a challenging role and how to fulfill it
• We also provide live interactive sessions and hands-on experience through assignments associated with the actual work environment
• To enhance the learning experience of our students we provide organized group sessions and integrated training modules
• Our discrete approach to career guidance enables our students to get successfully placed in renowned organizations

Updated on 15 January, 2022