Budgeting Planning Method

Overview

The Budgeting Planning Method Workshop is a very important, comprehensive, and essentially program designed to develop the skills of budgeting and monitoring organization performance to be as an active learning approach and techniques by using the business best practice. Also, learning the Budget Skiles methods will help to have the right business decision-making able you to build the right Budgeting and cost control business process to achieve your organizational objectives. Also, able you to maximize your organization's resource utilization through the allocation of the right resources and controlling.
During the course period, you will learn what is the Budgeting concepts and how to build a budget linking it to a cost control process from scratch giving you the best practices and guidance to have an integrated and dynamic business model supporting the decision-making.
Using the best practice of budgeting will improve your ability to build, review, or analyses your business performance, and cost drivers at all levels. Give you the tools you need to have a robust and transparent process.

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Outcome

Exercise the best practices in budgeting & the strategic role of cost concepts

Exercise the budgets’ role in the management process

Understand zero-base, activity-based, and kaizen approaches to budgeting

Develop flexible budgets for evaluating short-term financial performance

Able to analyze data and relevant facts, consolidate and convey insight to support decision-makers and other stakeholders

Details

Developed by: Beacon FinTrain

Total Hours: 18 Hrs

Language: English - Bilingual "English & Arabic"

Modalities:

Outline

The critical functions of management
Aligning the budget with the strategy of the organization
Road map to strategy
Budget as a planning tool
Control: the missing link
Planning process.

The budgeting advantages.
Budgeting delivering value added
Budgeting within a strategic framework
The budget process & rolling budget techniques.
Building a robust budgeting process
The master budgets
Operating and capital budgets
The financial statements budgeting techniques
A practical guide to developing budgets
Approaches to budgeting: Incremental, Value proposition, Activity based and Zero-based budgeting
Understanding cost behaviors
Direct and indirect costs
Characteristics of an effective budget.

Tracking budget performance
Variance analysis
Causes budget variances
Using linked workbooks.

Professionals who need to build, modify, and understand budgeting, cost, and management accounting.
Professionals with some costing experience who have the responsibility of developing or maintaining budgeting, cost, and management accounting.
Corporate finance and structured finance professionals who want to increase the depth and breadth of their knowledge
Cost Accountants, Management Accountants, Financial reporting accountants, Budgeting managers, Financial Managers who need to develop the skills to build or interpret integrated Excel-based models

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

Guidance

Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

Integrity

We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.