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