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
• 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
• Brain storming
• Energizing team competitions
• Presentations
• Learning games

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