Budgeting as a Tool for Decision Making

Course Objectives

  • Describe the Planning and Budgeting Cycle
  • Describe the Major Elements of the Annual Business Plan
  • Describe and Perform the Basic Steps in Preparing a Comprehensive Budget
  • Prepare a Capital Budget
  • Determine and Investigate Budget Variances
  • Understand New Trends in Budgeting

Who Can Benefit

  • financial decision makers, working with accountants and are involved in formulating, planning and implementing business strategy
  • Those with expertise in their own fields who need to acquire expertise in budgeting

Course Outline

  • Types of budget systems
    • Annual business plans (master budgets)
    • Master Budget and Responsibility Accounting
    • Types of Budgets
    • Comprehensive Budgeting
    • Responsibility Accounting
    • Responsibility and Accountability
  • Annual profit plan and the supporting schedules
    • Sales budget
    • Production / inventory budget
    • Direct materials budget
    • Direct labor budget
    • Pro forma statement of employee benefit costs
    • Overhead budget
    • Cost of goods sold budget
    • Selling and administrative budget
    • Budget for acquisition of capital assets
    • Cash budget and cash management plans
    • Pro forma income statement
    • Pro forma statement of financial position
    • Pro forma statement of cash flows
  • Measuring Actual Performance against the Budgeted Performance
    • Static Budgets and Flexible Budgets
    • Flexible Budgets without Standard Cost
    • Flexible Budgets with Standard Cost
    • Overview of Variance analysis (DM, DL, and OH)
    • Variances Investigation
    • Benchmarking
    • Human Aspects of Budgeting
  • New Trends in Budgeting
    • Activity based budgeting
    • Zero-based budgeting
    • Continuous rolling budgets
    • Kaizen budgeting

Code Courses Title Date Venue Price Request
AC03 Budgeting as a Tool for Decision Making
22 Dec to 26 Dec 2018 Istanbul contact us
06 Jan to 10 Jan 2019 cairo contact us
07 Apr to 11 Apr 2019 Dubai contact us
07 Jul to 11 Jul 2019 Istanbul contact us
22 Dec to 26 Dec 2019 Sharm El-Sheikh contact us

© 2017 Powered by http://www.pioneereg.net