You will acquire the required knowledge and skills in the area of financial planning, budget preparation and budgetary control.

Course Objectives:

At the end of this course, the participants should be able to

• Realize the importance of linking organization’s budget with its strategic plan
• Prepare detailed operating expense budget components and a capital budget
• Calculate different capital budgeting evaluation techniques as included in a capital expenditure proposal

Target Audience:

All managers, department heads, analysts and budget coordinators who prepare or use operational and capital budgets

• Preparation of The Financial Plan
• Preparing the Operational Budget
• Preparation of Cash Budget
• Preparation of a Capital Budget.

Course Methodology:

This training course will be carried out through the use of best practices and the right combination of engaging and purposeful tools such as:

• Case studies and practical exercises
• Workshops and group activities
• Interactive discussions
• Brainstorming
• Energizing team competitions
• Presentations
• Learning games

Financial Planning

• Definition of planning
• Planning methodology
• Financial planning concept
• Long-term financial planning
• Short-term financial planning

Budgeting Conceptual Framework

• Budget definition
• Planning and budgeting
• Controlling and budgeting
• General rules of the budget
• Budgets classification
• Budget principles
• Types of budgets

Operating Expenditure Budget

• Revenues budget
• Salaries and wages budget
• Allowance budget
• Overtime budget
• End of service remuneration budget
• Operation and maintenance budget
• Stationary budget
• Assets insurance budget

Comprehensive Budget

• Budget process format sample
• Sales budget
• Production budget
• Direct materials budget
• Direct labor budget
• Cost of production budget

Methods of sales forecasting

• Sales forecast
• Methods of sales forecasting
• Demand forecasting
• Linear regression

Financial Forecasting

• Cash budget
• Statement of financial position

Capital Expenditure Budget

• Construction projects
• Financial forecasting of existing projects
• Financial forecasting of new projects
• Project evaluation methods