Financial Planning, Forecasting and Budgeting
Financial Planning, Forecasting and Budgeting
Course Dates
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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
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 principles of budgeting
- Budgets classification
- Budget concepts
- 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 forms
- Sales budget
- Production budget
- Materials budget
- Direct labor budget
- Cost of production budget
Methods of sales forecasting
- Sales forecast
- Sales forecasting techniques
- Demand forecasting
- Linear regression
Financial Forecasting
- Cash budget
- Forecasted balance sheet
Capital Expenditure Budget
- Construction projects
- Financial forecasting of existing projects
- Financial forecasting of new projects
- Project evaluation methods
- Preparation of The Financial Plan
- Preparing the Operational Budget
- Preparation of Cash Budget
- Preparation of a Capital Budget.
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
All managers, department heads, analysts and budget coordinators who prepare or use operational and capital budgets