Financial Planning, Budgeting and Projection

Overview

This Financial Planning, Budgeting, and Projection workshop will allow the participants to explore and share with other participants new thoughts in the planning, control, and budgeting cycle, resulting in a renewed energy in returning to the workplace and implementing a more focused budgeting process, which communicates useful and timely information to management.
This course will help you to understand the language and processes of budgeting, costing and pricing. It is designed for public and private managers who wish to get the most out of budgets, whether during preparation, review, or end use. This course provides space for participants to explore and share knowledge about the planning, control, and budgeting cycle.

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Outcome

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

Exercise the budget’s role in the management process

Explain the concepts of the cost to the use of cost information for management control

Identify the importance of strategy and its role in the master budget

Explain the essence of control systems & identify different measures

Details

Developed by: Beacon FinTrain
Total Hours: 16 Hrs
Language: English - Bilingual "English & Arabic"
Modalities: 
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Outline

  • Gathering and Interpreting Information
  • Who uses financial information and why?
  • The flow of information in a company
  • The critical functions of management
  • Challenges in Information Gathering and Interpretation

  • Aligning the budget with the strategy of the organization
  • Strategic Planning Framework (Road map to strategy)
  • Budget as a planning tool (Control: the missing link)

  • Organizational Structure & Culture
  • Stakeholders and Business Partners
  • Measuring Organizational Performance
  • Sources of Organizational Information

  • Industry Attributes
  • Industry Benchmarks
  • Industry Uncertainty
  • Sources of Industry Information

  • Macroenvironment Forces
  • Metrics Macroenvironment
  • Sources of Macroenvironment Information

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Who Should Attend

  • Those who are responsible for financial management
  • budgeting
  • and forecasting within their organizations. This may include professionals working in financial planning and analysis (FP&A)
  • accounting
  • treasury
  • financial reporting
  • corporate development
  • etc.

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.