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  • Budgeting - Forecasting And Planning

    Course Objectives.

    • Define Planning and its Purpose
    • Describe the Planning and Budgeting Cycle
    • Explain the Strategic Planning Process
    • Describe the Major Elements of the Annual Business Plan
    • Understand why you must link budgeting and forecasting to planning and performance
    • Describe and Perform the Basic Steps in Preparing a Comprehensive (Master) Budget
    • Prepare a Capital Budget
    • Determine and Investigate Budget Variances
    • Understand New Trends in Budgeting

    Who Can Benefit?

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

    Course Outline:

    • Introduction.
    • The Planning Process
    • Need for Plans
    • System of Plans
    • Steps in Developing the Near-Term Sales Plan
    • Sales Forecasting
    • Measurement of Cost Behavior
    • How management influences on cost behavior?
    • How to measure and Mathematically express cost functions and use them to predict costs?
    • How to measure cost behavior using the account analysis, high-low, visual-fit, and least-squares regression Methods?
    • Budget and Budgeting
    • Definition of Budget
    • Strategic Focus of Budgeting
    • What are the Advantages of Budgets?
    • Management Support
    • Time Coverage of Budgets
    • Types of Budgets
    • Budgeting and Planning.
    • Strategic Planning and Budgeting Process
    • Why You Must Link Budgeting and Forecasting to Planning and Performance?
    • Participative Budgeting and Importance of Communication in Effective Planning Process.
    • Building the Budgeting Model
    • Prepare the budget structure
    • Write the Budget
    • Monitor
    • Budget Participants and Budget Preparation Procedure.
    • Comprehensive (Master)Budgeting
    • Cash is King: How to manage this Resource
    • Objectives of Cash flow and Working Capital Management
    • Cash flow Reporting
    • Capital Budgeting.
    • What is Capital Expenditure?
    • Nature of Capital Investment Decisions
    •  What is Capital Budget?
    • Stages of Capital Budgeting Process
    • Relevant Cash Flows
    •   Methods of Evaluating Capital Investments
    • Budgeting and control: Use of budget and budget performance analysis (variance analysis)
    • Flexible Budget and Overhead Analysis
    • The advantages of the flexible budget approach over the static budget approach.
    • Prepare a performance report for both variable and fixed overhead costs using the flexible budget approach.
    • Use the flexible budget to prepare a variable overhead performance report containing only a spending variance.
    • Use the flexible budget to prepare a variable overhead performance report containing both a spending and an efficiency variance.
    • Explain the significance of the denominator activity figure in determining the standard cost of a unity of product.
    • Apply overhead cost to units of product in a standard cost system.
    • Compute and interpret the fixed overhead budget and volume variances.
    •   Variances Investigation

    Code Courses Title Date Venue Price Request
    AC14 Budgeting - Forecasting And Planning
    03 Mar to 07 Mar 2024 cairo Contact-us
    23 Jun to 27 Jun 2024 Istanbul Contact-us
    08 Sep to 12 Sep 2024 cairo Contact-us
    14 Dec to 18 Dec 2024 KSA -Al-khobar Contact-us

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